Commscope (COMM) to Release Quarterly Earnings on Wednesday

Commscope (NASDAQ:COMM) is scheduled to issue its quarterly earnings data before the market opens on Wednesday, February 21st. Analysts expect the company to announce earnings of $0.47 per share for the quarter.

Shares of Commscope (COMM) opened at $37.71 on Wednesday. Commscope has a 52-week low of $30.95 and a 52-week high of $42.75. The stock has a market cap of $7,069.64, a PE ratio of 38.09, a PEG ratio of 2.34 and a beta of 1.13. The company has a debt-to-equity ratio of 2.93, a current ratio of 2.78 and a quick ratio of 2.10.

COMM has been the topic of several research analyst reports. Longbow Research upgraded shares of Commscope from a “neutral” rating to a “buy” rating in a research report on Friday, January 26th. Citigroup lifted their target price on shares of Commscope to $45.00 and gave the company a “buy” rating in a research report on Thursday, January 11th. BidaskClub lowered shares of Commscope from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, December 20th. Zacks Investment Research upgraded shares of Commscope from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a research report on Thursday, October 19th. Finally, ValuEngine upgraded shares of Commscope from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $40.80.

In related news, insider Marvin S. Edwards, Jr. sold 50,000 shares of the business’s stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $38.66, for a total transaction of $1,933,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Frank M. Drendel sold 5,284 shares of the business’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $38.01, for a total transaction of $200,844.84. The disclosure for this sale can be found here. Insiders have sold 180,284 shares of company stock worth $6,807,245 over the last 90 days. 3.33% of the stock is currently owned by company insiders.

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About Commscope

CommScope Holding Company, Inc (CommScope) is a provider of infrastructure solutions for the core, access and edge layers of communications networks. The Company operates through two segments: CommScope Connectivity Solutions (CCS) and CommScope Mobility Solutions (CMS). Its portfolio includes wireless and fiber optic solutions.

Earnings History for Commscope (NASDAQ:COMM)

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