CommScope Holding Company Company Profile (NASDAQ:COMM)

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

CommScope Holding Company declared that its Board of Directors has approved a share buyback program on Saturday, April 8th 2017, which authorizes the company to repurchase $100,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 1.4% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors believes its shares are undervalued.

CommScope Holding Company, Inc. (NASDAQ:COMM) announced its quarterly earnings results on Thursday, May, 4th. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.50 by $0.02. The business earned $1.14 billion during the quarter, compared to the consensus estimate of $1.14 billion. CommScope Holding Company had a return on equity of 36.96% and a net margin of 4.96%. The company's revenue for the quarter was down .6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.48 EPS. View CommScope Holding Company's Earnings History.

CommScope Holding Company is scheduled to release their next quarterly earnings announcement on Thursday, August, 3rd 2017. View Earnings Estimates for CommScope Holding Company.

CommScope Holding Company updated its FY17 earnings guidance on Thursday, May, 4th. The company provided earnings per share guidance of $2.70-2.80 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.95. The company issued revenue guidance of $4.85-4.95 billion, compared to the consensus revenue estimate of $5.09 billion.CommScope Holding Company also updated its Q2 guidance to $0.62-0.67 EPS.

10 brokers have issued 12 month price objectives for CommScope Holding Company's stock. Their predictions range from $35.00 to $50.00. On average, they expect CommScope Holding Company's stock price to reach $43.89 in the next twelve months. View Analyst Ratings for CommScope Holding Company.

Here are some recent quotes from research analysts about CommScope Holding Company stock:

• 1. According to Zacks Investment Research, "CommScope Holding Inc. is a premier network infrastructure provider. The Company, through its subsidiaries, provides end-to-end solutions connecting technology and wireless and wired networks. It operates in three segments: Wireless, Enterprise, and Broadband. CommScope Holding Company, Inc. is headquartered in Hickory, North Carolina. " (7/10/2017)
• 2. Jefferies Group LLC analysts commented, "CommScope's Q4 results and Q1 & 2017 guidance looked good as the North American Fiber Connectivity and Mobility businesses powered the quarterly results. Looking into 2017, we still think the set-up for the business (and the stock) remains attractive. Maintain our Buy Rating' Our still-bullish view of the stock is based on: 1) valuation ' the shares now trade at 8.9x our projected EV/2018 EBITDA; 2) Mobility upside to consensus expectations for 2017; 3) the potential for some remaining synergy upside; 4) further growth in Fiber Connectivity sales; and 5) further market consolidation." (2/24/2017)

CommScope Holding Company saw a drop in short interest in the month of July. As of July 14th, there was short interest totalling 6,831,888 shares, a drop of 14.0% from the June 30th total of 7,947,955 shares. Based on an average daily trading volume, of 3,389,123 shares, the days-to-cover ratio is currently 2.0 days. Currently, 3.6% of the company's stock are sold short.

Some companies that are related to CommScope Holding Company include Arista Networks (ANET), Alcatel Lucent SA (ALU), EchoStar Corporation (SATS), ARRIS International PLC (ARRS), Brocade Communications Systems (BRCD), Lumentum Holdings (LITE), ViaSat (VSAT), Ciena Corporation (CIEN), Belden (BDC), Finisar Corporation (FNSR), InterDigital (IDCC), Viavi Solutions (VIAV), West Corporation (WSTC), Applied Optoelectronics (AAOI), Infinera Corporation (INFN), Acacia Communications (ACIA), Plantronics (PLT) and Oclaro (OCLR).

CommScope Holding Company's management team includes the folowing people:

• Frank M. Drendel, Chairman of the Board
• Marvin S. Edwards Jr., President, Chief Executive Officer, Director
• Mark A. Olson, Chief Financial Officer, Executive Vice President
• Randall W. Crenshaw, Chief Operating Officer, Executive Vice President
• Philip M. Armstrong Jr., Senior Vice President - Corporate Finance
• Robert W. Granow, Senior Vice President, Principal Accounting Officer and Corporate Controller
• Frank B. Wyatt II, Senior Vice President, General Counsel, Secretary
• Peter U. Karlsson, Senior Vice President - Global Sales
• Robyn T. Mingle, Senior Vice President of Human Resources
• Austin A. Adams, Independent Director

CommScope Holding Company's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Diamond Hill Capital Management Inc. (1.45%), Russell Investments Group Ltd. (0.71%), Vaughan Nelson Investment Management L.P. (0.71%), First Quadrant L P CA (0.22%), Tower Bridge Advisors (0.07%) and Clear Harbor Asset Management LLC (0.05%). Company insiders that own CommScope Holding Company stock include Claudius E Iv Watts, Frank B Wyatt II, Frank M Drendel, Group LP Carlyle, Joanne Townsend, Mark A Olson, Marvin S Edwards Jr, Marvin S Edwards, Jr, Peter U Karlsson, Philip Martin Armstrong Jr, Randall W Crenshaw, Robert W Granow and Timothy T Yates. View Institutional Ownership Trends for CommScope Holding Company.

CommScope Holding Company's stock was sold by a variety of institutional investors in the last quarter, including Chase Investment Counsel Corp, First Quadrant L P CA, Bank of Montreal Can, Toth Financial Advisory Corp and US Bancorp DE. Company insiders that have sold CommScope Holding Company stock in the last year include Frank B Wyatt II, Frank M Drendel, Group LP Carlyle, Mark A Olson, Marvin S Edwards, Jr, Peter U Karlsson, Randall W Crenshaw and Robert W Granow. View Insider Buying and Selling for CommScope Holding Company.

CommScope Holding Company's stock was acquired by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Vaughan Nelson Investment Management L.P., Diamond Hill Capital Management Inc., Tower Bridge Advisors, Clear Harbor Asset Management LLC, Mn Services Vermogensbeheer B.V., Xact Kapitalforvaltning AB and James Investment Research Inc.. Company insiders that have bought CommScope Holding Company stock in the last two years include Claudius E Iv Watts and Timothy T Yates. View Insider Buying and Selling for CommScope Holding Company.

Shares of CommScope Holding Company can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of CommScope Holding Company stock can currently be purchased for approximately $36.01.