NASDAQ:COMM - Commscope Stock Price, News, & Analysis

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$18.36 +0.16 (+0.88 %)
(As of 05/22/2019 07:23 AM ET)
Previous Close$18.20
Today's Range$18.25 - $18.7050
52-Week Range$15.09 - $32.48
Volume2.84 million shs
Average Volume2.46 million shs
Market Capitalization$3.55 billion
P/E Ratio8.70
Dividend YieldN/A
Beta1.2
CommScope Holding Company, Inc. provides infrastructure solutions for communications networks worldwide. The company's CommScope Connectivity Solutions segment offers optical fiber and twisted pair structured cable solutions, intelligent infrastructure software, and network rack and cabinet enclosures under the SYSTIMAX, NETCONNECT, and Uniprise brands; and fiber management systems, patch cords and panels, pre-terminated fiber connectivity, complete cabling systems, and cable assemblies for use in offices and data centers. This segment also provides fiber optic connectivity solutions, including hardened connector systems, fiber distribution hubs and management systems, couplers and splitters, plug and play multiport service terminals, hardened optical terminating enclosures, high density cable assemblies, splices, and splice closures that supports video, voice, and high-speed data services provided by telecommunications operators and multi-system operators. Its CommScope Mobility Solutions segment offers macro cell site solutions for wireless tower sites and on rooftops, such as base station antennas, microwave antennas, hybrid fiber-feeder and power cables, coaxial cables, connectors, and filters; metro cell solutions for street poles and other urban structures comprising radio frequency delivery and connectivity solutions, equipment housing, and concealment; and small cell and distributed antenna system (DAS) solutions consisting of DAS and distributed cell solutions that allow wireless operators to enhance efficiency, and cellular coverage and capacity in network conditions. This segment provides its solutions under the Andrew brand. CommScope Holding Company, Inc. sells its products through a network of distributors, system integrators, and resellers. The company was formerly known as Cedar I Holding Company, Inc. CommScope Holding Company, Inc. was founded in 1976 and is headquartered in Hickory, North Carolina.

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Industry, Sector and Symbol

Industry Radio & t.v. communications equipment
Sub-IndustryN/A
SectorComputer and Technology
Current SymbolNASDAQ:COMM
CUSIPN/A
Phone82-8-3242-200x

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$4.57 billion
Cash Flow$3.9064 per share
Book Value$9.01 per share

Profitability

Net Income$140.22 million

Miscellaneous

Employees20,000
Market Cap$3.55 billion
Next Earnings Date7/30/2019 (Estimated)
OptionableOptionable

Commscope (NASDAQ:COMM) Frequently Asked Questions

What is Commscope's stock symbol?

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

How will Commscope's stock buyback program work?

Commscope announced that its board has approved a stock repurchase plan on Thursday, August 3rd 2017, which allows the company to repurchase $100,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company's board believes its shares are undervalued.

How were Commscope's earnings last quarter?

Commscope Holding Company Inc (NASDAQ:COMM) posted its quarterly earnings data on Thursday, May, 9th. The communications equipment provider reported $0.48 EPS for the quarter, beating analysts' consensus estimates of $0.41 by $0.07. The communications equipment provider earned $1.10 billion during the quarter, compared to analyst estimates of $1.08 billion. Commscope had a return on equity of 23.46% and a net margin of 2.29%. The business's revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.49 earnings per share. View Commscope's Earnings History.

When is Commscope's next earnings date?

Commscope is scheduled to release their next quarterly earnings announcement on Tuesday, July 30th 2019. View Earnings Estimates for Commscope.

What guidance has Commscope issued on next quarter's earnings?

Commscope updated its second quarter earnings guidance on Thursday, May, 9th. The company provided earnings per share guidance of $0.54-0.62 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.70. The company issued revenue guidance of $2.49-2.65 billion, compared to the consensus revenue estimate of $2.81 billion.Commscope also updated its Q2 2019 guidance to $0.54-0.62 EPS.

What price target have analysts set for COMM?

13 analysts have issued twelve-month target prices for Commscope's shares. Their forecasts range from $18.20 to $40.00. On average, they expect Commscope's stock price to reach $29.22 in the next year. This suggests a possible upside of 59.2% from the stock's current price. View Analyst Price Targets for Commscope.

What is the consensus analysts' recommendation for Commscope?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Commscope in the last year. There are currently 6 hold ratings, 6 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Commscope.

What are Wall Street analysts saying about Commscope stock?

Here are some recent quotes from research analysts about Commscope stock:
  • 1. According to Zacks Investment Research, "CommScope is actively developing solutions to support the wireline and wireless network convergence, which will be essential for the success of 5G technologies. The company is pursuing strategies to reduce operational costs and optimize the overall cost structure. It is focused on sound technology, highly efficient supply chain and commitment to continuous improvement. This will make the company a preferred partner for telecommunications businesses, as the industry moves toward 5G. Moreover, the proposed acquisition of ARRIS will allow CommScope to benefit from the rapidly changing network and technology architectures with a unique set of complementary assets and capabilities to enable end-to-end communications. The stock has outperformed the industry in the past three months on an average. However, simmering tensions between the United States and China related to trade restriction pose significant threat to the company’s top line." (3/29/2019)
  • 2. Rosenblatt Securities analysts commented, "We continue to see minimal strategic value with the company’s announced accretive acquisition of Arris (ARRS: in cash. We increase our 1Q19 estimates, in-line with management’s guidance, and increase our 2019 estimates to the low end of management’s guidance. We maintain our Neutral rating on COMM and increase our 12-month price target to $24." (2/22/2019)

Has Commscope been receiving favorable news coverage?

Headlines about COMM stock have trended somewhat negative on Wednesday, InfoTrie Sentiment Analysis reports. The research group identifies negative and positive news coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Commscope earned a media sentiment score of -1.0 on InfoTrie's scale. They also gave news headlines about the communications equipment provider a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the stock's share price in the near future.

Are investors shorting Commscope?

Commscope saw a increase in short interest in April. As of April 30th, there was short interest totalling 7,128,051 shares, an increase of 27.6% from the April 15th total of 5,587,294 shares. Based on an average daily volume of 2,453,444 shares, the short-interest ratio is currently 2.9 days. Approximately 3.7% of the shares of the company are sold short. View Commscope's Current Options Chain.

Who are some of Commscope's key competitors?

What other stocks do shareholders of Commscope own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Commscope investors own include Endologix (ELGX), Chipotle Mexican Grill (CMG), Athabasca Oil (ATH), American Airlines Group (AAL), Broadcom (AVGO), Archer Daniels Midland (ADM), Apache (APA), Charles Schwab (SCHW), Wells Fargo & Co (WFC) and Allergan (AGN).

Who are Commscope's key executives?

Commscope's management team includes the folowing people:
  • Mr. Marvin S. Edwards Jr., Pres, CEO & Director (Age 70)
  • Mr. Frank B. Wyatt II, Sr. VP, Gen. Counsel, Chief Ethics & Compliance Officer and Sec. (Age 56)
  • Mr. Peter U. Karlsson, Sr. VP of Global Sales (Age 55)
  • Mr. Alexander W. Pease, Exec. VP & CFO (Age 47)
  • Mr. Morgan C. S. Kurk, EVP & COO (Age 49)

Who are Commscope's major shareholders?

Commscope's stock is owned by a number of of retail and institutional investors. Top institutional investors include Wellington Management Group LLP (6.32%), Maverick Capital Ltd. (5.19%), JPMorgan Chase & Co. (4.33%), AQR Capital Management LLC (2.08%), FMR LLC (1.45%) and Hotchkis & Wiley Capital Management LLC (1.44%). Company insiders that own Commscope stock include Alexander W Pease, Bruce William Mcclelland, Claudius E Iv Watts, Frank B Wyatt II, Frank M Drendel, Joanne M Maguire, Marvin S Edwards Jr, Marvin S Edwards, Jr, Morgan C S Kurk, Peter U Karlsson, Philip Martin Armstrong Jr, Robert W Granow, Robyn T Mingle, Stephen C Gray and Timothy T Yates. View Institutional Ownership Trends for Commscope.

Which major investors are selling Commscope stock?

COMM stock was sold by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., FMR LLC, California Public Employees Retirement System, Tobam, Wells Fargo & Company MN, SEI Investments Co, Renaissance Technologies LLC and Morgan Stanley. Company insiders that have sold Commscope company stock in the last year include Frank M Drendel and Peter U Karlsson. View Insider Buying and Selling for Commscope.

Which major investors are buying Commscope stock?

COMM stock was purchased by a variety of institutional investors in the last quarter, including AQR Capital Management LLC, First Trust Advisors LP, Wellington Management Group LLP, Dimensional Fund Advisors LP, Coronation Fund Managers Ltd., Andra AP fonden, Maverick Capital Ltd. and Man Group plc. Company insiders that have bought Commscope stock in the last two years include Alexander W Pease, Bruce William Mcclelland, Claudius E Iv Watts, Frank B Wyatt II, Joanne M Maguire, Morgan C S Kurk, Robert W Granow, Robyn T Mingle and Timothy T Yates. View Insider Buying and Selling for Commscope.

How do I buy shares of Commscope?

Shares of COMM can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Commscope's stock price today?

One share of COMM stock can currently be purchased for approximately $18.36.

How big of a company is Commscope?

Commscope has a market capitalization of $3.55 billion and generates $4.57 billion in revenue each year. The communications equipment provider earns $140.22 million in net income (profit) each year or $2.11 on an earnings per share basis. Commscope employs 20,000 workers across the globe.

What is Commscope's official website?

The official website for Commscope is http://www.commscope.com/.

How can I contact Commscope?

Commscope's mailing address is 1100 COMMSCOPE PLACE SE, HICKORY NC, 28602. The communications equipment provider can be reached via phone at 82-8-3242-200x or via email at [email protected]


MarketBeat Community Rating for Commscope (NASDAQ COMM)

Community Ranking:  2.8 out of 5 (star star)
Outperform Votes:  451 (Vote Outperform)
Underperform Votes:  341 (Vote Underperform)
Total Votes:  792
MarketBeat's community ratings are surveys of what our community members think about Commscope and other stocks. Vote "Outperform" if you believe COMM will outperform the S&P 500 over the long term. Vote "Underperform" if you believe COMM will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 5/22/2019 by MarketBeat.com Staff

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