Several other research analysts have also recently weighed in on COMM. Jefferies Group LLC reissued a buy rating and set a $43.00 price target on shares of CommScope Holding in a research report on Friday, July 14th. BidaskClub cut shares of CommScope Holding from a buy rating to a hold rating in a research report on Wednesday, July 19th. Zacks Investment Research cut shares of CommScope Holding from a hold rating to a sell rating in a research report on Thursday, August 3rd. Barclays PLC lowered shares of CommScope Holding from an overweight rating to an equal weight rating and reduced their price objective for the company from $41.00 to $36.00 in a report on Friday, August 4th. Finally, Longbow Research lowered shares of CommScope Holding from a buy rating to a neutral rating in a report on Friday, August 4th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. CommScope Holding currently has an average rating of Buy and an average price target of $40.30.
CommScope Holding (COMM) opened at $33.94 on Friday. The company has a current ratio of 2.78, a quick ratio of 2.10 and a debt-to-equity ratio of 2.93. The firm has a market cap of $6,445.85, a PE ratio of 15.64, a PEG ratio of 2.64 and a beta of 1.16. CommScope Holding has a 1 year low of $30.95 and a 1 year high of $42.75.
CommScope Holding (NASDAQ:COMM) last announced its quarterly earnings results on Wednesday, November 1st. The communications equipment provider reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.01. The firm had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.13 billion. CommScope Holding had a net margin of 4.21% and a return on equity of 29.11%. The company’s revenue was down 12.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.81 EPS. analysts expect that CommScope Holding will post 2.01 earnings per share for the current year.
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CommScope Holding announced that its Board of Directors has initiated a share buyback program on Thursday, August 3rd that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the communications equipment provider to repurchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.
Large investors have recently modified their holdings of the business. Nomura Asset Management Co. Ltd. increased its stake in CommScope Holding by 6.3% during the first quarter. Nomura Asset Management Co. Ltd. now owns 2,690 shares of the communications equipment provider’s stock worth $113,000 after purchasing an additional 160 shares during the period. LS Investment Advisors LLC purchased a new stake in CommScope Holding during the second quarter worth about $114,000. Krilogy Financial LLC increased its stake in CommScope Holding by 5.7% during the second quarter. Krilogy Financial LLC now owns 3,170 shares of the communications equipment provider’s stock worth $121,000 after purchasing an additional 170 shares during the period. Financial Architects Inc increased its stake in CommScope Holding by 9.8% during the second quarter. Financial Architects Inc now owns 3,603 shares of the communications equipment provider’s stock worth $137,000 after purchasing an additional 322 shares during the period. Finally, Bronfman E.L. Rothschild L.P. increased its stake in CommScope Holding by 76.3% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 4,770 shares of the communications equipment provider’s stock worth $181,000 after purchasing an additional 2,064 shares during the period. Institutional investors own 99.22% of the company’s stock.
CommScope Holding Company Profile
CommScope Holding Company, Inc (CommScope) is a provider of infrastructure solutions for the core, access and edge layers of communications networks. The Company operates through two segments: CommScope Connectivity Solutions (CCS) and CommScope Mobility Solutions (CMS). Its portfolio includes wireless and fiber optic solutions.
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