Media coverage about Commscope (NASDAQ:COMM) has been trending somewhat positive on Thursday, according to Accern Sentiment. The research group ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Commscope earned a coverage optimism score of 0.07 on Accern’s scale. Accern also gave media stories about the communications equipment provider an impact score of 45.3970587154285 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news headlines that may have effected Accern Sentiment’s rankings:
- Commscope Holding Company Inc (COMM) Insider Sells $1,933,000.00 in Stock (americanbankingnews.com)
- BRIEF-CommScope – Dali Wireless’ Petition About Digital Distributed Antenna Systems Rejected (reuters.com)
- Favorable Decision Strengthens CommScope’s Patent Infringement Case Against Dali Wireless (finance.yahoo.com)
- Commscope (COMM) and TESSCO Technologies (TESS) Head-To-Head Contrast (americanbankingnews.com)
- Brokerages Anticipate Commscope Holding Company Inc (COMM) Will Post Quarterly Sales of $1.11 Billion (americanbankingnews.com)
A number of equities analysts have issued reports on COMM shares. Citigroup lifted their price target on Commscope from $39.00 to $40.00 and gave the company a “buy” rating in a research note on Thursday, November 2nd. Jefferies Group reiterated a “buy” rating and set a $40.00 price target on shares of Commscope in a research note on Thursday, October 12th. BidaskClub downgraded Commscope from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, December 20th. Zacks Investment Research upgraded Commscope from a “sell” rating to a “hold” rating in a research note on Tuesday, October 10th. Finally, ValuEngine downgraded Commscope from a “buy” rating to a “hold” rating in a research note on Saturday, November 4th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $40.80.
Commscope (NASDAQ:COMM) last announced its earnings results on Wednesday, November 1st. The communications equipment provider reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.01. Commscope had a return on equity of 29.11% and a net margin of 4.21%. The firm had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter in the previous year, the business earned $0.81 EPS. The company’s revenue was down 12.8% compared to the same quarter last year. research analysts expect that Commscope will post 2.01 earnings per share for the current fiscal year.
In other news, insider Marvin S. Edwards, Jr. sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $36.45, for a total value of $1,822,500.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Frank M. Drendel sold 60,000 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $38.01, for a total value of $2,280,600.00. The disclosure for this sale can be found here. Insiders sold a total of 180,284 shares of company stock worth $6,807,245 in the last 90 days. Company insiders own 3.33% of the company’s stock.
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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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