CommScope Sees Unusually High Options Volume (NASDAQ:COMM)

CommScope Holding Company, Inc. (NASDAQ:COMMGet 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

Large investors have recently bought and sold shares of the stock. Future Financial Wealth Managment LLC acquired a new stake in shares of CommScope in the third quarter valued at about $31,000. National Bank of Canada FI grew its holdings in CommScope by 109.1% in the third quarter. National Bank of Canada FI now owns 5,475 shares of the communications equipment provider’s stock worth $33,000 after purchasing an additional 2,857 shares during the period. Quarry LP raised its holdings in shares of CommScope by 1,005.4% during the third quarter. Quarry LP now owns 8,114 shares of the communications equipment provider’s stock valued at $50,000 after purchasing an additional 7,380 shares during the period. Ballentine Partners LLC bought a new position in shares of CommScope during the 4th quarter worth about $58,000. Finally, Belvedere Trading LLC acquired a new stake in shares of CommScope in the 3rd quarter valued at about $68,000. 88.04% of the stock is owned by institutional investors.

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:COMMGet 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

(Get Free Report)

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.

Further Reading

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