Commscope Holding Company CFO Mark A. Olson Sells 10,000 Shares (COMM)
Commscope Holding Company (NASDAQ:COMM) CFO Mark A. Olson sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $25.25, for a total transaction of $252,500.00. Following the transaction, the chief financial officer now directly owns 9,906 shares of the company’s stock, valued at approximately $250,127. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Commscope Holding Company (NASDAQ:COMM) traded down 0.40% on Monday, hitting $24.87. 642,618 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 $23.85 and its 200-day moving average is $23.66. The company has a market cap of $4.656 billion and a P/E ratio of 47.11.
Commscope Holding Company (NASDAQ:COMM) last announced its earnings results on Thursday, July 31st. The company reported $0.73 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.58 earnings per share. Commscope Holding Company’s revenue was up 13.3% compared to the same quarter last year. On average, analysts predict that Commscope Holding Company will post $2.26 earnings per share for the current fiscal year.
COMM has been the subject of a number of recent research reports. 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 analysts have rated the stock with a buy rating, The stock currently has an average 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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