Media coverage about Commscope (NASDAQ:COMM) has been trending somewhat positive on Tuesday, Accern Sentiment reports. The research firm rates the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Commscope earned a news sentiment score of 0.12 on Accern’s scale. Accern also gave press coverage about the communications equipment provider an impact score of 46.335860425754 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the media headlines that may have impacted Accern’s analysis:
Shares of Commscope (COMM) opened at $36.59 on Tuesday. The company has a debt-to-equity ratio of 2.93, a current ratio of 2.78 and a quick ratio of 2.10. Commscope has a 1-year low of $30.95 and a 1-year high of $42.75. The company has a market capitalization of $6,880.79, a P/E ratio of 16.70, a price-to-earnings-growth ratio of 2.81 and a beta of 1.20.
Commscope (NASDAQ:COMM) last issued its quarterly earnings data on Wednesday, November 1st. The communications equipment provider reported $0.55 EPS for the quarter, beating the consensus estimate of $0.54 by $0.01. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.13 billion. Commscope had a return on equity of 29.11% and a net margin of 4.21%. Commscope’s quarterly revenue was down 12.8% compared to the same quarter last year. During the same period last year, the company earned $0.81 earnings per share. equities research analysts anticipate that Commscope will post 2.01 EPS for the current year.
Several analysts recently commented on the company. Northland Securities set a $28.00 target price on Commscope and gave the stock a “hold” rating in a report on Tuesday, October 17th. TheStreet raised Commscope from a “c+” rating to a “b” rating in a report on Tuesday, August 8th. Jefferies Group reaffirmed a “buy” rating and set a $40.00 target price on shares of Commscope in a report on Wednesday, September 20th. Morgan Stanley raised Commscope from an “equal weight” rating to an “overweight” rating and set a $38.00 target price on the stock in a report on Thursday, August 17th. Finally, ValuEngine raised Commscope from a “hold” rating to a “buy” rating in a report on Friday. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $40.30.
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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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