COMM - CommScope Holding Company, Inc.
14.95 0.00 (0.00%)
After hours: 4:27PM EST
| Previous Close | 14.62 |
| Open | 14.81 |
| Bid | 14.94 x 2900 |
| Ask | 14.95 x 1800 |
| Day's Range | 14.81 - 15.21 |
| 52 Week Range | 9.52 - 27.00 |
| Volume | 3,149,956 |
| Avg. Volume | 4,515,532 |
| Market Cap | 2.844B |
| Beta (3Y Monthly) | 1.53 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -2.83 |
| Earnings Date | Nov 7, 2019 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 18.32 |
- Thomson Reuters StreetEvents
Edited Transcript of COMM earnings conference call or presentation 7-Nov-19 1:30pm GMT
Q3 2019 CommScope Holding Company Inc Earnings Call
- Zacks
CommScope (COMM) Q3 Earnings Surpass Estimates, Shares Up
Higher revenues, driven by incremental contribution from ARRIS, enable CommScope (COMM) to beat third-quarter 2019 earnings estimates.
- Zacks
CommScope (COMM) Q3 Earnings Top Estimates
CommScope (COMM) delivered earnings and revenue surprises of 22.22% and -1.99%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
- Business Wire
CommScope’s Ruckus CBRS for Private LTE Demonstrated on Microsoft Azure
CommScope’s Ruckus CBRS portfolio and Attabotics’ 3D robotic supply chain automation system were demonstrated as part of Microsoft Azure capabilities for private LTE networks during Microsoft Ignite. CommScope’s Ruckus Citizens Broadband Radio Service (CBRS) portfolio enables enterprises to easily deploy private LTE networks to support innovative Internet of Things (IoT) applications using wireless spectrum recently made available by the United States Federal Communications Commission (FCC).
- Zacks
Telecom Stock Earnings Roster for Nov 7: VSAT, COMM & CCOI
Let's take a look at three Telecom stocks that are slated to report results for the September quarter on Nov 7.
- Zacks
Earnings Preview: CommScope (COMM) Q3 Earnings Expected to Decline
CommScope (COMM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- Insider Monkey
Hedge Funds Have Never Been Less Bullish On Commscope Holding Company Inc (COMM)
The 700+ hedge funds and famous money managers tracked by Insider Monkey have already compiled and submitted their 13F filings for the second quarter, which unveil their equity positions as of June 28. We went through these filings, fixed typos and other more significant errors and identified the changes in hedge fund portfolios. Our extensive […]
- Barrons.com
Microsoft’s Results Worsened a Selloff in Data Networking Stocks
(MSFT) cemented its status as a haven from the recent selloff in software stocks with its latest quarterly results—but it didn’t help shares of data-networking companies. The software giant reported capital spending that was slightly lower than expected late Wednesday. Third-quarter results from (NOKIA) (NOK), the equipment maker and networking company, dealt a bigger blow to the stocks, analysts said.
- Barrons.com
Why Microsoft’s Good Earnings Were Bad News for Ciena Stock and Arista Networks
Microsoft reported a profit of $1.38 a share on sales of $33.1 billion, both better than expected. But Microsoft also spent less than predicted, which could be bad news for cloud companies like Arista Networks and Ciena.
- Business Wire
CommScope Ramps Up Participation in City-Scale Testbed Deployments for Programs for Advanced Wireless Research (PAWR) Program
CommScope Holding Company, Inc. (COMM), a global leader in infrastructure solutions for communications networks, today announced that it is extending its participation in the Platforms for Advanced Wireless Research (PAWR) program, which is building outdoor testbed environments for advanced wireless technology trials around the country. As part of its participation, CommScope is committing equipment and expertise to the POWDER-RENEW platform in Salt Lake City, Utah, and the AERPAW platform in the Research Triangle region of North Carolina. PAWR is a $100 million public-private partnership program co-led by US Ignite and Northeastern University and funded by the National Science Foundation and the PAWR Industry Consortium, which consists of some 30 manufacturers, wireless carriers, and academic institutions.
- TipRanks
Monday’s Top Analyst Upgrades: COMM, HPE, JBLU, PINS
Stocks go up, stocks go down — and so do analysts’ opinions of them. This series looks at which upgrades investors should act on. Specifically, we’ll find out why analysts are revving their engines for CommScope, Hewlett Packard Enterprise, JetBlue Airways, and Pinterest.CommScope - 25% UpsideAfter a year of unrelenting skepticism, this morning, Nomura analyst Jeffrey Kvaal upgraded CommScope (COMM) stock.Kvaal has maintained a "hold" rating on the stock since October 5, 2018, and he’s been right to do so. Over that time period, CommScope stock has shed more than 55% of its value, falling from north of $29 to just $11.57 and change yesterday.But this morning, the analyst finally gave COMM a break, and upgraded the stock to "buy" while keeping his price target at $16 -- 55% upside from current levels. Investors responded to the news with enthusiasm, bidding up shares by over 10%.Kvaal commented, "Improving customer spending through 2020 and solid progress in recent months on delevering gives us increasing confidence around a bounce back in valuation from multiple expansion. We leave our target price unchanged at $16, based on 8.9x our 2020 EBITDA estimate, in line with the 5-year average multiple. CommScope has historically been a P/E play, but currently trades at 5x as the stock has (understandably) taken a hit off concerns around cable spending and leverage. We note a return to the 5-year average P/E multiple of 11x would yield a $25 share price."Indeed, CommScope is a Wall Street favorite, earning one of the best analyst consensus ratings in the market. TipRanks analytics exhibit COMM as a Strong Buy. Out of 7 analysts polled in the last 3 months, all 7 are bullish on the stock. With a return potential of 57%, the stock’s consensus target price stands at $20.07. (See CommScope stock analysis on TipRanks)Hewlett Packard Enterprise - 17% UpsideNormally analysts reiterate stock ratings- so when a stock is upgraded or downgraded, it’s worth taking note. Today, Bank of America analyst Wamsi Mohan upped his rating on Hewlett Packard Enterprise (HPE) all the way from 'underperform' to ‘buy.’ According to Mohan, the computing giant is worth about 17% more than it’s currently selling for, and should hit $19 within the next 12 months. (To watch Mohan's track record, click here)Mohan's upgrade is based on: "1) Free Cash Flow (FCF) improving with fewer 1-time items, 2) management’s focus on stable growth (no caveats e.g. Tier 1) and stability of earnings, 3) continued strong capital returns (50-75% of annual FCF), 4) less revenue tied to Tier-1 server sales (less services attached, lower margin), 5) strong growth in Intelligent Edge/Aruba product and services offerings, 6) increasing value of H3C put option and HPE ex H3C trading at a low multiple, 7) move to as-a-service offering which drives value over time, and 8) an improving mix (although rev declines in near term) at PointNext that should over time drive higher profitability."Granted, not everyone is as enthusiastic about HPE as Mohan, as TipRanks analytics reveal the stock as a Hold. Out of 12 analysts polled in the last 3 months, 3 are bullish on the stock, 8 remain sidelined, while one is bearish on the stock. The 12-month average price target stands at $16.09, which aligns evenly with where the stock is currently trading. (See HPE stock analysis on TipRanks)JetBlue Airways - 36% UpsideA third stock worthy of consideration — at least, Stifel thinks so — is JetBlue Airways (JBLU). 5-star Stifel analyst Joseph DeNardi upgraded the airline stock from ‘hold’ to ‘buy’, predicting JBLU shares will hit $24 a share (36% upside) a year from now. (To watch DeNardi's impressive track record, click here)DeNardi commented, "Based on reports suggesting an increasingly strained relationship between Boeing and the FAA/ Congress as well as expectations that Boeing may soon look to further cut 737 MAX production rates, we see growing risk that the MAX grounding extends further into 2020 and/or leads to fewer MAXs delivered for an extended period. A prolonged grounding of the MAX is an existential threat to Southwest's business model. The only reasonable option Southwest has, in our opinion, to address this risk - diversifying away from the 737 - is through an acquisition of either JetBlue or Alaska; LUV acquiring SAVE/Frontier/ALGT would be blatantly anti-competitive, we believe. When combined with JetBlue's attractive CASMx story into 2020, we now see the increased likelihood of M&A as presenting a sufficiently attractive risk/reward setup to justify an upgrade."Overall, Wall Street is evenly split between the bulls and those choosing to play it safe. Based on 6 analysts polled in the last 3 months, 3 rate JBLU a "buy," 2 say "hold," while one recommends "sell." However, the 12-month average price target stands at $20.20, marking a nearly 15% in return potential for the stock. In other words, even the analysts that are hedging their bets have some optimism reflected in expectations. (See JBLU stock analysis on TipRanks)Pinterest - 30% UpsideThe stock price of Pinterest (PINS), the social media company that allows users to "pin" ideas and projects to a digital board, has been choppy in recent months. One analyst, however, thinks this new, lower stock price could offer new investors an opportunity to get into PINS on the cheap. This morning, 5-star RBC analyst Mark Mahaney upgraded the stock from Sector Perform to Outperform, while assigning this $27 stock a $35 target price (30% upside). (To watch Mahaney's solid track record, click here)Mahaney opined, "We believe PINS occupies a relatively unique position as a high-intent Discovery tool. We initiated w/ Sector Perform in May after shares surged ~50% post IPO, trading at an aggressive ~15x EV/ Sales multiple. Since then, our estimates have increased materially, while shares have retraced ~29% off highs. So…the upgrade.""We see PINS’ new self- serve Mobile Ads Manager as a price of admission to unlocking SMB budgets, and we now anticipate PINS’ Unmanaged business becoming material in late 20’/early 21’. Recent announced Shopping formats should help marketers optimize for more objectives. The integration of Pinterest’s first party tag w/ Google Tag Manager (& others) should boost conversion," the analyst added.All in all, the investor community is mixed on Pinterest stock. TipRanks analysis of 16 analyst ratings shows a Moderate Buy consensus, but an even split (8 analysts each) recommending Buy or Hold. However, the $34.44 average price target suggests about 30% upside from the stock's current value. (See Pinterest stock analysis on TipRanks)
- Business Wire
Petra Systems Selects CommScope For Its Smart Streetlight Network Solution, Empowering Communities to Lower Energy Costs and Offer Carrier-Grade Wi-Fi Services
With CommScope Managed Public Networks, Petra’s Smart Streetlight Network Solution delivers robust IoT networking for municipal streetlight management, Wi-Fi internet access and ot
- Business Wire
CommScope to Release Third Quarter Financial Results on November 7
CommScope Holding Company, Inc. plans to release its third quarter 2019 financial results on Thursday, November 7, before the market opens. The release will be followed by an 8:30 a.m. ET conference call in which management will discuss the results. To participate in the conference call, dial +1 844-397-6169 (US and Canada only) or +1 478-219-0508 approximately 15 minutes before the start of the call to facilitate a timely connection.
- American City Business Journals
CommScope sues German company over trade secrets
Hickory-based CommScope has filed a lawsuit in federal court contending that a German company hired two of its employees and stole trade secrets.
- Zacks
Telecom Stock Roundup: AT&T to Divest Assets, Ericsson's Rural Support & More
While AT&T (T) intends to sell its wireless and wireline operations in Puerto Rico and the U.S. Virgin Islands, Ericsson (ERIC) is offering support services to rural Wireless Internet Service Providers across the United States.
- Simply Wall St.
Is CommScope Holding Company (NASDAQ:COMM) Using Too Much Debt?
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
- Business Wire
CommScope Patents Upheld by German Federal Patent Court
The German Federal Patent Court has issued decisions upholding the validity of important CommScope patents that had been challenged by a competitor, COMLAB. At an October 9 oral hearing, the German Federal Patent Court rejected challenges by COMLAB regarding the validity of the German part of European Patent EP1022849B1 (Action No. 5 Ni 6/17 (EP)) owned by CommScope’s affiliate Andrew Wireless Systems. The Federal Patent Court already upheld the German part of European Patent EP2180605B1 in a decision dated March 27, 2019 (Action No. 6 Ni 23/17 (EP)).
- Zacks
CommScope-TESSCO Partner to Offer Safety Wireless Solutions
With the new Wireless Solutions offering, CommScope (COMM) and TESSCO are expected to meet the growing demand for public safety wireless technology in the market.
- Zacks
CommScope Boosts Patents Tally With Fractus Suit Settlement
CommScope's (COMM) buyout of Fractus' patent technology is likely to translate into incremental revenues by offering an opportunity to serve a wider spectrum of customers for increased 5G deployment.
- Business Wire
CommScope Sues Rosenberger to Protect Trade Secrets
CommScope has filed a lawsuit in the United States District Court for the District of New Jersey against Rosenberger, several of Rosenberger’s legal entities and two former CommScope employees now employed by Rosenberger.
- Business Wire
CommScope to Acquire Base Station Antenna Technology from Fractus
CommScope, a global leader in wireless and wired technologies, has agreed to a technology transfer agreement as a result of a settlement with Fractus S.A., a Spanish company that developed key antenna technology for use in wireless base station antennas. Fractus S.A., a leading developer of antenna technology, licenses its antenna and base station patents to some of the largest handset and base station antenna manufacturers in the world. The settlement includes a technology transfer of Fractus’s entire worldwide portfolio of base station antenna patents to CommScope, adding to an already impressive 15,000 patents worldwide, including more than 700 related to base station antenna technology.
- Business Wire
Foxtel Selects CommScope to Help Redefine TV Viewing in Australia
CommScope today announced its continued partnership with Foxtel, Australia’s leading Pay TV operator, to bring The New Foxtel Experience to subscribers across the country. The New Foxtel Experience leverages CommScope technology to deliver thousands of hours of TV and on-demand movies as well as access to Netflix® for subscribers through Foxtel’s iQ4 set-top box. Whether subscribers are streaming videos, recording live programming, or browsing through Foxtel’s massive on-demand library, the iQ4 makes it simple to get everything they want all in one place.
- Business Wire
CommScope Roadshow Dives Deep into the Forces Transforming the Data Center Industry
CommScope, a global leader in infrastructure solutions for communications networks, will host a six-city tour to educate data center professionals on how 5G, next-generation speeds, new physical layer topologies and other trends are transforming the data center industry. The Data Center FiberCon roadshow – which will center on the theme “The Power of Progress” – will feature content by data center infrastructure, planning and architecture experts from CommScope and other data center providers including Finisar, Eaton and OFS, as well as a variety of large multi-tenant data center providers.
