CommScope (NASDAQ:COMM) Issues Quarterly Earnings Results

CommScope (NASDAQ:COMM - Get Free Report) announced its quarterly earnings data on Wednesday. The communications equipment provider reported $0.15 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.18 by ($0.03), Zacks reports. The firm had revenue of $568.30 million for the quarter, compared to analyst estimates of $1.12 billion. CommScope had a negative return on equity of 1.01% and a negative net margin of 18.10%.

CommScope Price Performance

NASDAQ COMM traded up $0.06 during trading hours on Friday, reaching $6.35. The company's stock had a trading volume of 5,227,970 shares, compared to its average volume of 4,561,674. The firm has a fifty day simple moving average of $5.29 and a 200-day simple moving average of $5.31. The stock has a market cap of $1.37 billion, a P/E ratio of -1.44, a P/E/G ratio of 0.41 and a beta of 1.90. CommScope has a 52 week low of $0.86 and a 52 week high of $7.19.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Raymond James downgraded shares of CommScope from a "market perform" rating to an "underperform" rating in a research note on Monday, January 6th. JPMorgan Chase & Co. raised shares of CommScope from an "underweight" rating to a "neutral" rating and set a $5.00 target price for the company in a report on Tuesday, January 14th. StockNews.com raised shares of CommScope from a "hold" rating to a "buy" rating in a report on Friday. Morgan Stanley cut shares of CommScope from an "equal weight" rating to an "underweight" rating and set a $5.00 target price for the company. in a report on Tuesday, December 17th. Finally, Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $7.00 target price on shares of CommScope in a report on Thursday. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $4.00.

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CommScope Company Profile

CommScope Holding Company, Inc provides infrastructure solutions for communications, data center, and entertainment networks worldwide. The company operates through Connectivity and Cable Solutions (CCS); Outdoor Wireless Networks (OWN); Networking, Intelligent Cellular and Security Solutions (NICS), and Access Network Solutions (ANS) segments.