Commscope (COMM) Getting Somewhat Positive Press Coverage, Analysis Finds
News articles about Commscope (NASDAQ:COMM) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Commscope earned a coverage optimism score of 0.14 on Accern’s scale. Accern also gave media stories about the communications equipment provider an impact score of 44.7638864565947 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news articles that may have impacted Accern Sentiment’s analysis:
- Commscope (COMM) Upgraded at BidaskClub (americanbankingnews.com)
- Analysts suggested mean rating score of 2.10 for CommScope Holding Company, Inc. (COMM) – Wall Street Morning (wallstreetmorning.com)
- Commscope Holding Company Inc (COMM) Given Consensus Rating of “Buy” by Analysts (americanbankingnews.com)
- BRIEF-CommScope Files Patent Infringement Suit Against Cobham (reuters.com)
- Revenue Approximations Analysis: CommScope Holding Company, Inc., (NASDAQ: COMM),Celsion Corporation … – Hot Stocks In Focus (press release) (reagentsglobalmarket.com)
A number of brokerages have commented on COMM. BidaskClub upgraded shares of Commscope from a “buy” rating to a “strong-buy” rating in a research report on Thursday. ValuEngine upgraded shares of Commscope from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Northland Securities restated a “hold” rating on shares of Commscope in a research report on Friday, November 10th. Zacks Investment Research downgraded shares of Commscope from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. Finally, Citigroup upped their price objective on shares of Commscope from $39.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, November 2nd. Six analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $40.30.
Commscope (NASDAQ:COMM) last posted its quarterly earnings results on Wednesday, November 1st. The communications equipment provider reported $0.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.01. Commscope had a net margin of 4.21% and a return on equity of 29.11%. The business had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.13 billion. During the same period in the prior year, the company posted $0.81 EPS. The business’s revenue for the quarter was down 12.8% on a year-over-year basis. equities analysts anticipate that Commscope will post 2.01 EPS for the current year.
In other news, insider Marvin S. Edwards, Jr. sold 50,000 shares of the company’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $36.45, for a total transaction of $1,822,500.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Frank M. Drendel sold 60,000 shares of the company’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $38.01, for a total transaction of $2,280,600.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 115,284 shares of company stock worth $4,303,945. Corporate insiders own 3.33% of the company’s stock.
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Commscope Company Profile
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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