CommScope Holding (COMM) Getting Somewhat Positive Press Coverage, Analysis Finds
Media headlines about CommScope Holding (NASDAQ:COMM) have been trending somewhat positive recently, according to Accern Sentiment. Accern scores the sentiment of press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. CommScope Holding earned a media sentiment score of 0.23 on Accern’s scale. Accern also gave news stories about the communications equipment provider an impact score of 45.5267787591826 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:
- CommScope Holding Company, Inc. (COMM) Stocks Showing Pleasant/Unpleasant Sentiment- Novartis AG (NVS) – Investing News Update (investingbizz.com)
- Stock on fire-:- US Bancorp (NYSE:USB), CommScope Holding Company, Inc. (NASDAQ:COMM), Banco Santander … – Market Breaking Point (press release) (journalfinance.net)
- Technical trends of Express Scripts Holding Company (ESRX) , CommScope Holding Company, Inc. (COMM) – Stocks Gallery (stocksgallery.com)
- CommScope Holding Company, Inc. (COMM) Upgraded at Zacks Investment Research (americanbankingnews.com)
- Commscope : Small Is Beautiful – and Award Winning – in Microwave Backhaul (4-traders.com)
Several equities research analysts have recently weighed in on the company. Zacks Investment Research upgraded CommScope Holding from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a research report on Thursday. Barclays PLC cut CommScope Holding from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $41.00 to $36.00 in a research report on Friday, August 4th. TheStreet upgraded CommScope Holding from a “c+” rating to a “b” rating in a research report on Tuesday, August 8th. Morgan Stanley upgraded CommScope Holding from an “equal weight” rating to an “overweight” rating and set a $38.00 price target on the stock in a research report on Thursday, August 17th. Finally, Northland Securities reiterated a “hold” rating and set a $28.00 price target on shares of CommScope Holding in a research report on Thursday, August 10th. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $40.73.
CommScope Holding (NASDAQ:COMM) opened at 31.87 on Friday. The company has a 50 day moving average of $32.96 and a 200 day moving average of $36.02. The company has a market capitalization of $6.15 billion, a PE ratio of 26.60 and a beta of 1.18. CommScope Holding has a 52-week low of $29.91 and a 52-week high of $42.75.
CommScope Holding (NASDAQ:COMM) last posted its quarterly earnings results on Thursday, August 3rd. The communications equipment provider reported $0.60 EPS for the quarter, missing the Zacks’ consensus estimate of $0.65 by ($0.05). CommScope Holding had a return on equity of 33.38% and a net margin of 4.96%. The business had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same period in the prior year, the firm posted $0.74 earnings per share. The firm’s revenue for the quarter was down 10.2% on a year-over-year basis. On average, equities research analysts forecast that CommScope Holding will post $2.21 earnings per share for the current fiscal year.
CommScope Holding declared that its board has approved a share buyback program on Thursday, August 3rd that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the communications equipment provider to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are undervalued.
In other CommScope Holding news, Director Claudius E. Iv Watts purchased 15,000 shares of the stock in a transaction that occurred on Monday, August 7th. The shares were bought at an average cost of $32.87 per share, with a total value of $493,050.00. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Timothy T. Yates purchased 5,000 shares of the stock in a transaction that occurred on Tuesday, August 8th. The stock was acquired at an average cost of $32.62 per share, for a total transaction of $163,100.00. The disclosure for this purchase can be found here. 3.33% of the stock is currently owned by insiders.
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About CommScope Holding
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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