Insider Selling: Commscope Holding Company SVP Unloads 5,000 Shares of Stock (COMM)
Commscope Holding Company (NASDAQ:COMM) SVP Robert W. Granow unloaded 5,000 shares of the company’s stock on the open market in a transaction dated Friday, August 15th. The stock was sold at an average price of $25.23, for a total value of $126,150.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Commscope Holding Company (NASDAQ:COMM) traded down 0.40% during mid-day trading on Monday, hitting $24.87. 642,618 shares of the company’s stock traded hands. Commscope Holding Company has a one year low of $14.72 and a one year high of $27.96. The stock has a 50-day moving average of $23.80 and a 200-day moving average of $23.52. The company has a market cap of $4.656 billion and a P/E ratio of 47.11.
Commscope Holding Company (NASDAQ:COMM) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.73 EPS for the quarter, beating the Thomson Reuters 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. On average, analysts predict that Commscope Holding Company will post $2.26 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. 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, Commscope Holding Company presently 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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