CommScope Holding Company, Inc. (NASDAQ:COMM – Get Free Report) was the target of unusually large options trading activity on Wednesday. Stock investors bought 8,276 call options on the company. This represents an increase of 235% compared to the average volume of 2,472 call options.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently issued reports on COMM shares. Morgan Stanley lowered CommScope from an “equal weight” rating to an “underweight” rating and set a $5.00 target price on the stock. in a research report on Tuesday, December 17th. Raymond James downgraded shares of CommScope from a “market perform” rating to an “underperform” rating in a report on Monday, January 6th. Finally, JPMorgan Chase & Co. raised shares of CommScope from an “underweight” rating to a “neutral” rating and set a $5.00 price target on the stock in a report on Tuesday, January 14th. Three equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. According to MarketBeat, CommScope presently has a consensus rating of “Hold” and an average price target of $3.00.
Get Our Latest Stock Analysis on CommScope
Institutional Inflows and Outflows
CommScope Price Performance
NASDAQ:COMM traded up $0.15 during mid-day trading on Wednesday, reaching $4.84. The stock had a trading volume of 1,732,725 shares, compared to its average volume of 4,165,322. The stock has a 50-day simple moving average of $5.30 and a two-hundred day simple moving average of $4.83. CommScope has a 12 month low of $0.86 and a 12 month high of $7.19. The stock has a market capitalization of $1.04 billion, a PE ratio of -1.09, a P/E/G ratio of 0.67 and a beta of 1.92.
CommScope (NASDAQ:COMM – Get Free Report) last posted its quarterly earnings results on Thursday, November 7th. The communications equipment provider reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.38). The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.42 billion. CommScope had a negative net margin of 18.10% and a negative return on equity of 1.01%. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.10 earnings per share. Equities analysts expect that CommScope will post -0.85 EPS for the current year.
CommScope Company Profile
CommScope Holding Company, Inc provides infrastructure solutions for communications, data center, and entertainment networks worldwide. The company operates through Connectivity and Cable Solutions (CCS); Outdoor Wireless Networks (OWN); Networking, Intelligent Cellular and Security Solutions (NICS), and Access Network Solutions (ANS) segments.
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