CommScope Target of Unusually High Options Trading (NASDAQ:COMM)

CommScope Holding Company, Inc. (NASDAQ:COMM - Get Free Report) was the target of unusually large options trading activity on Wednesday. Stock traders bought 8,276 call options on the stock. This represents an increase of approximately 235% compared to the typical volume of 2,472 call options.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on COMM. Morgan Stanley lowered CommScope from an "equal weight" rating to an "underweight" rating and set a $5.00 price target on the stock. in a report on Tuesday, December 17th. Raymond James downgraded CommScope from a "market perform" rating to an "underperform" rating in a research report on Monday, January 6th. Finally, JPMorgan Chase & Co. raised CommScope from an "underweight" rating to a "neutral" rating and set a $5.00 target price on the stock in a research report on Tuesday, January 14th. Three analysts have rated the stock with a sell rating and four have given a hold rating to the company's stock. Based on data from MarketBeat, CommScope currently has an average rating of "Hold" and an average price target of $3.00.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Future Financial Wealth Managment LLC bought a new position in shares of CommScope during the 3rd quarter worth about $31,000. National Bank of Canada FI raised its holdings in shares of CommScope by 109.1% in the 3rd quarter. National Bank of Canada FI now owns 5,475 shares of the communications equipment provider's stock worth $33,000 after buying an additional 2,857 shares in the last quarter. Quarry LP lifted its position in shares of CommScope by 1,005.4% during the 3rd quarter. Quarry LP now owns 8,114 shares of the communications equipment provider's stock worth $50,000 after buying an additional 7,380 shares during the period. Ballentine Partners LLC acquired a new position in CommScope during the 4th quarter worth about $58,000. Finally, Belvedere Trading LLC bought a new stake in CommScope during the 3rd quarter worth about $68,000. 88.04% of the stock is owned by institutional investors.

CommScope Price Performance

Shares of COMM stock traded up $0.15 on Wednesday, hitting $4.84. The company's stock had a trading volume of 1,732,725 shares, compared to its average volume of 4,165,322. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of -1.09, a P/E/G ratio of 0.67 and a beta of 1.92. CommScope has a fifty-two week low of $0.86 and a fifty-two week high of $7.19. The firm's fifty day moving average price is $5.30 and its 200-day moving average price is $4.83.

CommScope (NASDAQ:COMM - Get Free Report) last posted its earnings results on Thursday, November 7th. The communications equipment provider reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.38). CommScope had a negative return on equity of 1.01% and a negative net margin of 18.10%. The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same quarter last year, the firm posted $0.10 earnings per share. The firm's revenue for the quarter was up 2.7% compared to the same quarter last year. Analysts predict that CommScope will post -0.85 EPS for the current fiscal year.

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.

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