Commscope Holding Company SVP Sells $255,000 in Stock (COMM)
Commscope Holding Company (NASDAQ:COMM) SVP Joanne Townsend sold 10,000 shares of the stock on the open market in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $25.50, for a total transaction of $255,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Commscope Holding Company (NASDAQ:COMM) traded down 1.81% during mid-day trading on Friday, hitting $24.97. 795,166 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 has a 50-day moving average of $23.75 and a 200-day moving average of $23.47. The company has a market cap of $4.675 billion and a price-to-earnings ratio of 47.98.
Commscope Holding Company (NASDAQ:COMM) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.08. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the previous year, the company posted $0.58 earnings per share. The company’s revenue for the quarter was up 13.3% on a year-over-year basis. On average, analysts predict that Commscope Holding Company will post $2.26 earnings per share for the current fiscal year.
A number of research firms have recently commented on COMM. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Commscope Holding Company in a research note on Friday, August 1st. They now have a $30.00 price target on the stock. Separately, analysts at Mizuho raised their price target on shares of Commscope Holding Company from $30.00 to $34.00 in a research note on Friday, August 1st. They now have a “buy” rating on the stock. Finally, analysts at Zacks upgraded shares of Commscope Holding Company from a “neutral” rating to an “outperform” rating in a research note on Wednesday, July 30th. They now have a $25.70 price target on the stock. Fourteen equities research analysts have rated the stock with a buy rating, Commscope Holding Company has a consensus rating of “Buy” and an average price target of $27.82.
CommScope Holding Company, Inc is a provider of connectivity and essential infrastructure solutions for wireless, business enterprise and residential broadband networks.
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