News stories about Commscope (NASDAQ:COMM) have been trending somewhat positive recently, according to Accern. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Commscope earned a daily sentiment score of 0.16 on Accern’s scale. Accern also assigned news articles about the communications equipment provider an impact score of 45.3528077700979 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:
- CommScope Collaborates with Nokia on Massive MIMO Integrated Antenna (finance.yahoo.com)
- Commscope (COMM) Downgraded to Sell at BidaskClub (americanbankingnews.com)
- Sei Investments Co. Raises Stake in Commscope Holding Company Inc (COMM) (americanbankingnews.com)
- Victory Capital Management Inc. Buys 4,383 Shares of Commscope Holding Company Inc (COMM) (americanbankingnews.com)
- Stephen C. Gray Sells 28,575 Shares of Commscope Holding Company Inc (COMM) Stock (americanbankingnews.com)
Several equities analysts recently weighed in on COMM shares. BidaskClub raised shares of Commscope from a “buy” rating to a “strong-buy” rating in a research report on Thursday, December 14th. ValuEngine lowered shares of Commscope from a “buy” rating to a “hold” rating in a research report on Saturday, November 4th. Zacks Investment Research lowered shares of Commscope from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. Northland Securities reaffirmed a “hold” rating on shares of Commscope in a research report on Friday, November 10th. Finally, Citigroup raised their price objective on shares of Commscope to $45.00 and gave the company a “buy” rating in a research report on Thursday, January 11th. One analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $42.56.
Commscope (NASDAQ:COMM) last announced its quarterly earnings results on Thursday, February 15th. The communications equipment provider reported $0.47 EPS for the quarter, meeting the consensus estimate of $0.47. Commscope had a return on equity of 26.02% and a net margin of 4.25%. The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter last year, the company posted $0.61 earnings per share. The company’s revenue for the quarter was down 5.0% compared to the same quarter last year. sell-side analysts expect that Commscope will post 2.45 earnings per share for the current fiscal year.
In other Commscope news, Director Frank M. Drendel sold 5,284 shares of the stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $38.01, for a total transaction of $200,844.84. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Marvin S. Edwards, Jr. sold 50,000 shares of the stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $36.45, for a total value of $1,822,500.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 218,859 shares of company stock worth $8,310,727. 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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