Press coverage about CommScope Holding (NASDAQ:COMM) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. CommScope Holding earned a daily sentiment score of 0.07 on Accern’s scale. Accern also gave press coverage about the communications equipment provider an impact score of 46.1232637924144 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Shares of CommScope Holding (COMM) traded up $0.15 during trading on Tuesday, hitting $33.94. 1,279,000 shares of the stock were exchanged, compared to its average volume of 2,048,224. The firm has a market cap of $6,445.85, a price-to-earnings ratio of 15.64, a PEG ratio of 2.64 and a beta of 1.16. The company has a current ratio of 2.78, a quick ratio of 2.10 and a debt-to-equity ratio of 2.93. CommScope Holding has a 1-year low of $30.95 and a 1-year high of $42.75.
CommScope Holding (NASDAQ:COMM) last issued its earnings results on Wednesday, November 1st. The communications equipment provider reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.01. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.13 billion. CommScope Holding had a net margin of 4.21% and a return on equity of 29.11%. The company’s revenue for the quarter was down 12.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.81 EPS. equities analysts expect that CommScope Holding will post 2.01 EPS for the current year.
CommScope Holding announced that its board has authorized a stock repurchase program on Thursday, August 3rd that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the communications equipment provider to buy shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.
COMM has been the topic of a number of recent analyst reports. Jefferies Group LLC reiterated a “buy” rating and issued a $40.00 price objective on shares of CommScope Holding in a report on Thursday, October 12th. Morgan Stanley upgraded shares of CommScope Holding from an “equal weight” rating to an “overweight” rating and set a $38.00 price objective on the stock in a report on Thursday, August 17th. BidaskClub lowered shares of CommScope Holding from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Zacks Investment Research upgraded shares of CommScope Holding from a “sell” rating to a “hold” rating in a report on Tuesday, October 10th. Finally, Northland Securities set a $28.00 price objective on shares of CommScope Holding and gave the stock a “hold” rating in a report on Tuesday, October 17th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company. CommScope Holding currently has a consensus rating of “Buy” and an average target price of $40.30.
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About CommScope Holding
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.
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