Commscope Holding Company Inc (NASDAQ:COMM) insider Marvin S. Edwards, Jr. sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $38.66, for a total transaction of $1,933,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Marvin S. Edwards, Jr. also recently made the following trade(s):
- On Monday, December 4th, Marvin S. Edwards, Jr. sold 50,000 shares of Commscope stock. The shares were sold at an average price of $36.45, for a total transaction of $1,822,500.00.
Commscope Holding Company Inc (NASDAQ:COMM) opened at $38.97 on Friday. The company has a quick ratio of 2.10, a current ratio of 2.78 and a debt-to-equity ratio of 2.93. The firm has a market cap of $7,409.20, a P/E ratio of 39.36, a P/E/G ratio of 2.54 and a beta of 1.20. Commscope Holding Company Inc has a twelve month low of $30.95 and a twelve month high of $42.75.
Commscope (NASDAQ:COMM) last announced its quarterly earnings data on Wednesday, November 1st. The communications equipment provider reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.01. The firm had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.13 billion. Commscope had a net margin of 4.21% and a return on equity of 29.11%. The business’s quarterly revenue was down 12.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.81 earnings per share. research analysts expect that Commscope Holding Company Inc will post 2.01 EPS for the current fiscal year.
Several hedge funds have recently made changes to their positions in COMM. Comerica Bank grew its holdings in shares of Commscope by 55.8% in the second quarter. Comerica Bank now owns 8,046 shares of the communications equipment provider’s stock valued at $285,000 after purchasing an additional 2,883 shares in the last quarter. Cambridge Investment Research Advisors Inc. acquired a new position in Commscope during the 2nd quarter worth approximately $216,000. Principal Financial Group Inc. grew its holdings in Commscope by 16.6% during the 2nd quarter. Principal Financial Group Inc. now owns 43,261 shares of the communications equipment provider’s stock worth $1,645,000 after acquiring an additional 6,172 shares in the last quarter. Franklin Resources Inc. acquired a new position in Commscope during the 2nd quarter worth approximately $38,211,000. Finally, AXA grew its holdings in Commscope by 1.6% during the 2nd quarter. AXA now owns 67,158 shares of the communications equipment provider’s stock worth $2,554,000 after acquiring an additional 1,058 shares in the last quarter.
A number of research firms have recently issued reports on COMM. Citigroup boosted their price target on shares of Commscope to $45.00 and gave the company a “buy” rating in a research note on Thursday. BidaskClub downgraded shares of Commscope from a “buy” rating to a “hold” rating in a research note on Thursday, January 4th. ValuEngine raised shares of Commscope from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Northland Securities set a $28.00 price target on shares of Commscope and gave the company a “hold” rating in a research note on Tuesday, October 17th. Finally, Zacks Investment Research raised shares of Commscope from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a research note on Thursday, October 19th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $40.80.
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Commscope 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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