Previous Close | 9.83 |
Open | 9.42 |
Bid | 8.56 x 1400 |
Ask | 9.80 x 1000 |
Day's Range | 9.14 - 9.77 |
52 Week Range | 5.56 - 16.52 |
Volume | |
Avg. Volume | 4,030,535 |
Market Cap | 2.019B |
Beta (5Y Monthly) | 1.88 |
PE Ratio (TTM) | N/A |
EPS (TTM) | -2.75 |
Earnings Date | Nov 02, 2022 - Nov 07, 2022 |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | N/A |
1y Target Est | 9.60 |
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Solid order trends despite supply chain headwinds enable CommScope (COMM) to surpass second-quarter 2022 earnings estimates.
CommScope Holding Company, Inc (NASDAQ: COMM) reported second-quarter FY22 net sales growth of 5.3% year-on-year to $2.30 billion, beating the consensus of $2.26 billion. Core net sales grew 8.5% Y/Y to $1.88 billion due to higher net sales in the Connectivity and Cable Solutions and Outdoor Wireless Networks segments. Connectivity and Cable Solutions' net sales of $986.7 million increased 26% Y/Y, driven by growth in Network Cable and Connectivity. Outdoor Wireless Networks' net sales of $390.9
CommScope (COMM) delivered earnings and revenue surprises of 24.24% and 1.74%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?