CommScope - COMM Stock Forecast, Price & News

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CommScope in the last year. There are currently 2 sell ratings, 4 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" COMM shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in COMM, but not buy additional shares or sell existing shares.
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9 brokers have issued 12 month price objectives for CommScope's stock. Their COMM share price forecasts range from $7.00 to $17.00. On average, they expect the company's share price to reach $10.88 in the next twelve months. This suggests a possible upside of 29.0% from the stock's current price.
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CommScope's stock was trading at $7.35 on January 1st, 2023. Since then, COMM shares have increased by 14.7% and is now trading at $8.43.
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CommScope saw a decrease in short interest during the month of January. As of January 15th, there was short interest totaling 10,880,000 shares, a decrease of 5.1% from the December 31st total of 11,470,000 shares. Based on an average trading volume of 3,130,000 shares, the short-interest ratio is currently 3.5 days. Approximately 5.4% of the shares of the stock are sold short.
View CommScope's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 23rd 2023.
View our COMM earnings forecast.

CommScope will be holding an earnings conference call on Thursday, February 23rd at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

CommScope Holding Company, Inc. (NASDAQ:COMM) issued its quarterly earnings data on Thursday, November, 4th. The communications equipment provider reported $0.29 EPS for the quarter, missing analysts' consensus estimates of $0.34 by $0.05. The communications equipment provider earned $2.11 billion during the quarter, compared to the consensus estimate of $2.21 billion. CommScope had a negative net margin of 2.90% and a negative trailing twelve-month return on equity of 87.03%. The firm's quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.37 EPS.

Based on aggregate information from My MarketBeat watchlists, some companies that other CommScope investors own include Endologix (ELGX), Chipotle Mexican Grill (CMG), Broadcom (AVGO), Archer-Daniels-Midland (ADM), AT&T (T), Wells Fargo & Company (WFC), American Airlines Group (AAL), Charles Schwab (SCHW) and Occidental Petroleum (OXY).

CommScope trades on the NASDAQ under the ticker symbol "COMM."

CommScope's stock is owned by a number of institutional and retail investors. Top institutional investors include Assenagon Asset Management S.A. (1.23%), Smith Graham & Co. Investment Advisors LP (0.59%), Allspring Global Investments Holdings LLC (0.24%), State of New Jersey Common Pension Fund D (0.12%), Versor Investments LP (0.07%) and Bank of Montreal Can (0.07%). Insiders that own company stock include Charles L Treadway, Claudius E Iv Watts, Claudius E Iv Watts, Derrick A Roman, Farid Firouzbakht, Frank B Wyatt II, Frank M Drendel, Justin C Choi, Kyle David Lorentzen and Timothy T Yates.
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Shares of COMM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of COMM stock can currently be purchased for approximately $8.43.

CommScope (NASDAQ:COMM) has a market capitalization of $1.76 billion and generates $8.59 billion in revenue each year. The communications equipment provider earns $-462,600,000.00 in net income (profit) each year or ($1.57) on an earnings per share basis.

The company employs 30,000 workers across the globe.

CommScope's mailing address is 1100 COMMSCOPE PLACE SE, HICKORY NC, 28602. The official website for the company is www.commscope.com. The communications equipment provider can be reached via phone at (828) 324-2200 or via email at jennifer.crawford@commscope.com.