Commscope Holding Company (COMM) Set to Announce Earnings on Thursday
Commscope Holding Company (NASDAQ:COMM) is scheduled to post its Q214 quarterly earnings results on Thursday, July 31st. Analysts expect Commscope Holding Company to post earnings of $0.65 per share and revenue of $1.04 billion for the quarter.
Shares of Commscope Holding Company (NASDAQ:COMM) traded down 0.04% on Wednesday, hitting $24.00. 1,959,476 shares of the company’s stock traded hands. Commscope Holding Company has a 1-year low of $14.72 and a 1-year high of $27.96. The stock’s 50-day moving average is $23.39 and its 200-day moving average is $23.00. The company has a market cap of $4.469 billion and a P/E ratio of 60.18.
A number of research firms have recently commented on COMM. Analysts at Zacks upgraded shares of Commscope Holding Company from a “neutral” rating to an “outperform” rating in a research note on Wednesday. They now have a $25.70 price target on the stock. On the ratings front, analysts at Raymond James reiterated an “outperform” rating on shares of Commscope Holding Company in a research note on Friday, July 11th. They now have a $31.00 price target on the stock, up previously from $30.00. Fourteen investment analysts have rated the stock with a buy rating, Commscope Holding Company presently has a consensus rating of “Buy” and an average price target of $27.36.
In other Commscope Holding Company news, SVP Philip Martin Armstrong, Jr. sold 30,000 shares of Commscope Holding Company stock on the open market in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $24.12, for a total transaction of $723,600.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
CommScope Holding Company, Inc is a provider of connectivity and essential infrastructure solutions for wireless, business enterprise and residential broadband networks.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.