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.
Industry, Sector and Symbol
Industry Radio & t.v. communications equipment
Sub-IndustryN/A
SectorComputer and Technology
Phone82-8-3242-200x
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$4.57 billion
Profitability
Miscellaneous
Employees20,000
Next Earnings Date5/7/2019 (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 declared that its Board of Directors has initiated a share repurchase program on Thursday, August 3rd 2017, which allows the company to repurchase $100,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.
How were Commscope's earnings last quarter?
Commscope Holding Company Inc (NASDAQ:COMM) released its earnings results on Thursday, February, 21st. The communications equipment provider reported $0.51 earnings per share for the quarter, beating analysts' consensus estimates of $0.43 by $0.08. The communications equipment provider earned $1.06 billion during the quarter, compared to the consensus estimate of $1.06 billion. Commscope had a return on equity of 23.55% and a net margin of 3.07%. The business's revenue was down 5.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.47 earnings per share. View Commscope's Earnings History.
When is Commscope's next earnings date?
What guidance has Commscope issued on next quarter's earnings?
Commscope updated its FY19 earnings guidance on Thursday, February, 21st. The company provided EPS guidance of $2.10-2.25 for the period, compared to the Thomson Reuters consensus estimate of $2.18. The company issued revenue guidance of $4.505-4.655 billion, compared to the consensus revenue estimate of $4.57 billion.Commscope also updated its FY 2019 guidance to $2.10-2.25 EPS.
What price target have analysts set for COMM?
13 Wall Street analysts have issued 1 year price objectives for Commscope's stock. Their forecasts range from $18.20 to $36.00. On average, they anticipate Commscope's stock price to reach $27.62 in the next year. This suggests a possible upside of 30.0% 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 8 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." 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. 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)
- 2. According to Zacks Investment Research, "Over time, CommScope has been grappling with the adverse impacts of rising costs and expenses. The company's cash position has weakened over time. Moreover, simmering tensions between the United States and China related to trade restrictions have dented the credibility of the industry and led to loss of businesses. Further, in the past year, the company’s shares have underperformed the industry on an average. However, CommScope is focusing on sound technology, highly efficient supply chain, cost-saving initiatives and commitment for continuous improvement. This will potentially make the company a preferred partner for all telecommunications businesses, as the entire industry moves toward 5G. CommScope is also dedicatedly developing solutions designed to support wireline and wireless network convergence, which will be essential for the success of 5G technologies." (1/8/2019)
Has Commscope been receiving favorable news coverage?
News stories about COMM stock have been trending positive this week, InfoTrie Sentiment reports. The research firm identifies positive and negative media coverage by reviewing 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 closest to five being the most favorable. Commscope earned a media sentiment score of 2.2 on InfoTrie's scale. They also gave news coverage about the communications equipment provider a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the immediate future.
Who are some of Commscope's key competitors?
Some companies that are related to Commscope include Ubiquiti Networks (UBNT), ARRIS International (ARRS), ViaSat (VSAT), Echostar (SATS), Mitel Networks (MITL), Loral Space & Communications Ltd. (LORL), Casa Systems (CASA), Comtech Telecomm. (CMTL), Gilat Satellite Networks (GILT), Harmonic (HLIT), Sierra Wireless (SWIR), CalAmp (CAMP), Ceragon Networks (CRNT), Maxar Technologies (MAXR) and KVH Industries (KVHI).
What other stocks do shareholders of Commscope own?
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 many different of retail and institutional investors. Top institutional shareholders include Levin Capital Strategies L.P. (2.35%), FMR LLC (1.97%), Prudential Financial Inc. (1.66%), Two Sigma Advisers LP (1.49%), Two Sigma Investments LP (1.18%) and Geode Capital Management LLC (1.09%). Company insiders that own Commscope stock include Alexander W Pease, 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 FMR LLC, Citigroup Inc., Makaira Partners LLC, Diamond Hill Capital Management Inc., Victory Capital Management Inc., Macquarie Group Ltd., SG Americas Securities LLC and Millennium Management LLC. 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 acquired by a variety of institutional investors in the last quarter, including Levin Capital Strategies L.P., Two Sigma Advisers LP, Norges Bank, Prudential Financial Inc., Two Sigma Investments LP, Strs Ohio, Gotham Asset Management LLC and Connor Clark & Lunn Investment Management Ltd.. Company insiders that have bought Commscope stock in the last two years include Alexander W Pease, 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 $21.24.
How big of a company is Commscope?
Commscope has a market capitalization of $4.09 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?
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)
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.
