Insider Selling: Commscope Holding Company SVP Unloads 10,000 Shares of Stock (COMM)
Commscope Holding Company (NASDAQ:COMM) SVP Joanne Townsend sold 10,000 shares of the stock on the open market in a transaction dated Thursday, August 14th. The shares were sold at an average price of $25.50, for a total transaction of $255,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
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 research analysts have rated the stock with a buy rating, Commscope Holding Company has a consensus rating of “Buy” and an average target price of $27.82.
Shares of Commscope Holding Company (NASDAQ:COMM) traded down 1.81% on Friday, hitting $24.97. The stock had a trading volume of 795,166 shares. 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 $23.80 and its 200-day moving average is $23.52. The company has a market cap of $4.675 billion and a P/E ratio of 47.98.
Commscope Holding Company (NASDAQ:COMM) last announced its earnings results 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 prior year, the company posted $0.58 earnings per share. The company’s quarterly revenue was up 13.3% on a year-over-year basis. Analysts expect that Commscope Holding Company will post $2.26 EPS for the current fiscal year.
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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