Commscope Holding Company Inc (NASDAQ:COMM) Director Frank M. Drendel sold 58,983 shares of the company’s stock in a transaction that occurred on Wednesday, March 21st. The shares were sold at an average price of $40.22, for a total value of $2,372,296.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Commscope Holding Company Inc (NASDAQ:COMM) traded down $0.72 during mid-day trading on Friday, hitting $38.94. The company had a trading volume of 962,732 shares, compared to its average volume of 1,734,388. The company has a current ratio of 2.69, a quick ratio of 2.07 and a debt-to-equity ratio of 2.65. The company has a market capitalization of $7,748.77, a PE ratio of 20.09, a P/E/G ratio of 2.16 and a beta of 1.09. Commscope Holding Company Inc has a fifty-two week low of $30.95 and a fifty-two week high of $42.75.
Commscope (NASDAQ:COMM) last issued its quarterly earnings results on Thursday, February 15th. The communications equipment provider reported $0.47 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.47. The business had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Commscope had a return on equity of 26.02% and a net margin of 4.25%. The firm’s revenue for the quarter was down 5.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.61 earnings per share. equities research analysts predict that Commscope Holding Company Inc will post 2.45 earnings per share for the current fiscal year.
Several research firms have recently commented on COMM. Citigroup upped their target price on Commscope to $45.00 and gave the company a “buy” rating in a research report on Thursday, January 11th. ValuEngine raised Commscope from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. BidaskClub raised Commscope from a “sell” rating to a “hold” rating in a research report on Monday, February 5th. Zacks Investment Research cut Commscope from a “buy” rating to a “hold” rating in a research note on Wednesday, February 21st. Finally, Northland Securities reiterated a “hold” rating and issued a $33.00 price target on shares of Commscope in a research note on Friday, February 16th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Commscope presently has an average rating of “Buy” and a consensus price target of $42.78.
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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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