Media coverage about CommScope Holding Company (NASDAQ:COMM) has trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. CommScope Holding Company earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned news stories about the communications equipment provider an impact score of 58 out of 100, indicating that recent media coverage is somewhat likely to have an impact on the stock’s share price in the immediate future.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s analysis:
- Clues to Identify Price Direction: CommScope Holding Company, Inc. (COMM), Lumentum Holdings Inc. (LITE) – AllStockNews (allstocknews.com)
- Worth Watching Stocks Intraday Alert : Commscope Holding Company Inc(NASDAQ:COMM), SemGroup Corp(NYSE … – Stocks In Focus (press release) (nysetradingupdates.com)
- CommScope Holding Company, Inc. (NASDAQ:COMM) Short Interest increased by 13.53% – Currently Trading Up (highlightpress.com)
- Making the Switch: Coping with High Speed Migration (4-traders.com)
- CommScope Holding Company, Inc. (COMM) Position Decreased by Cadence Capital Management LLC (healthcaremenu.net)
Several equities analysts have recently commented on COMM shares. Jefferies Group LLC restated a “buy” rating and issued a $45.00 price objective on shares of CommScope Holding Company in a research report on Friday, March 31st. Deutsche Bank AG boosted their price objective on CommScope Holding Company from $42.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, April 19th. Zacks Investment Research upgraded CommScope Holding Company from a “sell” rating to a “buy” rating and set a $47.00 price objective on the stock in a research report on Tuesday, May 2nd. Nomura started coverage on CommScope Holding Company in a research report on Thursday, May 25th. They issued a “buy” rating and a $45.00 price objective on the stock. Finally, Instinet started coverage on CommScope Holding Company in a research report on Thursday, May 25th. They issued a “buy” rating and a $45.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $44.20.
CommScope Holding Company (COMM) traded up 0.08% during midday trading on Tuesday, hitting $37.95. The company had a trading volume of 3,035,050 shares. CommScope Holding Company has a 1-year low of $27.88 and a 1-year high of $42.75. The company has a 50 day moving average price of $37.44 and a 200 day moving average price of $38.35. The firm has a market capitalization of $7.32 billion, a P/E ratio of 30.68 and a beta of 1.19.
CommScope Holding Company (NASDAQ:COMM) last released its earnings results on Thursday, May 4th. The communications equipment provider reported $0.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.02. CommScope Holding Company had a net margin of 4.96% and a return on equity of 36.96%. The business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period last year, the company posted $0.48 EPS. The business’s revenue was down .6% on a year-over-year basis. Equities research analysts forecast that CommScope Holding Company will post $2.74 earnings per share for the current fiscal year.
In other CommScope Holding Company news, Director Frank M. Drendel sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, May 1st. The shares were sold at an average price of $42.18, for a total value of $632,700.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Frank B. Wyatt II sold 255,900 shares of the firm’s stock in a transaction that occurred on Tuesday, April 11th. The stock was sold at an average price of $40.63, for a total transaction of $10,397,217.00. The disclosure for this sale can be found here. Insiders sold a total of 308,270 shares of company stock worth $12,509,093 over the last three months. Corporate insiders own 3.33% of the company’s stock.
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About CommScope Holding Company
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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