Media coverage about Commscope (NASDAQ:COMM) has been trending somewhat positive this week, according to Accern Sentiment. The research group ranks the sentiment of news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Commscope earned a media sentiment score of 0.04 on Accern’s scale. Accern also assigned news coverage about the communications equipment provider an impact score of 44.6726231578296 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news articles that may have impacted Accern’s rankings:
Several research firms have commented on COMM. BidaskClub upgraded Commscope from a “buy” rating to a “strong-buy” rating in a research report on Thursday, December 14th. Citigroup raised their price objective on Commscope to $45.00 and gave the stock a “buy” rating in a research report on Thursday. ValuEngine upgraded Commscope from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Zacks Investment Research cut Commscope from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Finally, Northland Securities reaffirmed a “hold” rating on shares of Commscope in a research note on Friday, November 10th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Commscope currently has an average rating of “Buy” and an average target price of $40.80.
Shares of Commscope (NASDAQ:COMM) traded up $0.13 during trading hours on Friday, hitting $38.97. The company had a trading volume of 2,203,702 shares, compared to its average volume of 1,192,005. The stock has a market capitalization of $7,409.20, a PE ratio of 39.36, a price-to-earnings-growth ratio of 2.54 and a beta of 1.20. The company has a debt-to-equity ratio of 2.93, a quick ratio of 2.10 and a current ratio of 2.78. Commscope has a one year low of $30.95 and a one year high of $42.75.
Commscope (NASDAQ:COMM) last announced its earnings results on Wednesday, November 1st. The communications equipment provider reported $0.55 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.01. The company had revenue of $1.13 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.81 earnings per share. analysts anticipate that Commscope will post 2.01 earnings per share for the current year.
In other news, Director Frank M. Drendel sold 15,000 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $38.02, for a total value of $570,300.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Marvin S. Edwards, Jr. sold 50,000 shares of the business’s stock in a transaction dated 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. Over the last 90 days, insiders sold 180,284 shares of company stock worth $6,807,245. 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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