CommScope Holding Company, Inc. (COMM)

NASDAQ: COMM · IEX Real-Time Price · USD
1.650
-0.100 (-5.71%)
Jul 19, 2024, 11:09 AM EDT - Market open
-5.71%
Market Cap 350.26M
Revenue (ttm) 4.96B
Net Income (ttm) -1.88B
Shares Out 212.28M
EPS (ttm) -8.85
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 1,551,031
Open 1.710
Previous Close 1.750
Day's Range 1.650 - 1.770
52-Week Range 0.860 - 4.861
Beta 2.09
Analysts Hold
Price Target 2.70 (+63.64%)
Earnings Date Aug 8, 2024

About COMM

CommScope Holding Company, Inc. provides infrastructure solutions for communications, data center, and entertainment networks worldwide. The company operates through Connectivity and Cable Solutions (CCS); Outdoor Wireless Networks (OWN); Networking, Intelligent Cellular and Security Solutions (NICS), and Access Network Solutions (ANS) segments. The CCS segment provides network solutions for indoor and outdoor network applications; and fiber optic and copper connectivity and cable solutions for use in telecommunications, cable television, resid... [Read more]

Sector Technology
IPO Date Oct 25, 2013
Employees 20,000
Stock Exchange NASDAQ
Ticker Symbol COMM
Full Company Profile

Financial Performance

In 2023, COMM's revenue was $5.79 billion, a decrease of -23.06% compared to the previous year's $7.52 billion. Losses were -$1.51 billion, 12.4% more than in 2022.

Financial Statements

Analyst Forecast

According to 6 analysts, the average rating for COMM stock is "Hold." The 12-month stock price forecast is $2.7, which is an increase of 63.64% from the latest price.

Price Target
$2.7
(63.64% upside)
Analyst Consensus: Hold
Stock Forecasts

News

CommScope rallies on deal to sell units to Amphenol for $2.1 billion

CommScope Holding Co. Inc.'s stock jumped more than 11% on Thursday after the networking technology company said it agreed to sell two business units with a combined 4,000 employees to Amphenol Corp. ...

Other symbols: APH
1 day ago - Market Watch

Amphenol Corporation to Acquire Mobile Networks Businesses From CommScope

WALLINGFORD, Conn.--(BUSINESS WIRE)--Amphenol Corporation (NYSE: APH) today announced a definitive agreement to acquire CommScope's (NASDAQ: COMM) mobile networks businesses for $2.1 billion in cash, ...

Other symbols: APH
1 day ago - Business Wire

CommScope to Sell its Outdoor Wireless Networks and Distributed Antenna Systems Businesses to Amphenol Corporation

CLAREMONT, N.C.--(BUSINESS WIRE)-- #DAS--CommScope (NASDAQ: COMM), announced it has entered into a definitive agreement to sell its Outdoor Wireless and DAS business to Amphenol (NYSE: APH).

Other symbols: APH
1 day ago - Business Wire

CommScope to Release Second Quarter 2024 Financial Results on August 8

CLAREMONT, N.C.--(BUSINESS WIRE)-- #Earnings--CommScope Holding Company, Inc., plans to release its second quarter 2024 financial results on Thursday, August 8, before the market opens.

2 days ago - Business Wire

CommScope Updates E6000 Converged Edge Router with Key New Features

CLAREMONT, N.C.--(BUSINESS WIRE)-- #10G--CommScope (NASDAQ: COMM), announced today the availability of Software Release 13 for the E6000® Converged Edge Router (CER).

4 weeks ago - Business Wire

CommScope Selected as Highest and Best Bid in Auction to Acquire Cable Business Assets of Casa Systems

CLAREMONT, N.C.--(BUSINESS WIRE)-- #CasaSystems--CommScope (NASDAQ: COMM) was selected by Casa Systems, Inc. (“Casa”), as the highest and best bidder to acquire Casa's Cable Business assets.

7 weeks ago - Business Wire

CommScope Stockholders Approve Proxy Proposals

CLAREMONT, N.C.--(BUSINESS WIRE)--The stockholders of CommScope Holding Company, Inc., approved five proxy proposals today at the company's annual meeting of stockholders.

2 months ago - Business Wire

CommScope Reports First Quarter 2024 Results

CLAREMONT, N.C.--(BUSINESS WIRE)-- #InvestorRelations--CommScope Holding Company, Inc. (NASDAQ: COMM), a leader in network connectivity solutions, reported results for the quarter ended March 31, 2024...

2 months ago - Business Wire

CommScope to Release First Quarter 2024 Financial Results on May 9

CLAREMONT, N.C.--(BUSINESS WIRE)-- #Earnings--CommScope Holding Company, Inc., plans to release its first quarter 2024 financial results on Thursday, May 9, before the market opens.

3 months ago - Business Wire

RUCKUS Networks Launches AI-Driven Solutions for Hospitality

CLAREMONT, N.C.--(BUSINESS WIRE)-- #Hospitality--CommScope (NASDAQ: COMM), announced a suite of RUCKUS Networks solutions to drive operational efficiency and brand loyalty for hospitality industry.

3 months ago - Business Wire

Xplore Selects CommScope to Deploy High-Speed Fiber Broadband in Rural Ontario

CLAREMONT, N.C.--(BUSINESS WIRE)-- #Broadband--CommScope (NASDAQ: COMM), announced today a collaboration with Xplore Inc. to bring new rural broadband services to Ontario, Canada.

3 months ago - Business Wire

CommScope Unveils GigaREACH XL Solution Designed to Power and Connect Emerging Edge Devices

CLAREMONT, N.C.--(BUSINESS WIRE)-- #SYSTIMAX--CommScope (NASDAQ: COMM) announced its GigaREACH™ XL solution, the latest innovation in the SYSTIMAX® portfolio.

3 months ago - Business Wire

CommScope To Increase U.S. Based Manufacturing Capabilities for Fiber Connectivity Products

CLAREMONT, N.C.--(BUSINESS WIRE)-- #BABA--CommScope (NASDAQ: COMM) announced today it plans to expand production for its fiber-optic connectivity product portfolio.

4 months ago - Business Wire

CommScope Reports Fourth Quarter and Full Year 2023 Results

CLAREMONT, N.C.--(BUSINESS WIRE)--CommScope Reports Fourth Quarter and Full Year 2023 Results.

5 months ago - Business Wire

FCC Certifies Comsearch AFC for Commercial Deployment

CLAREMONT, N.C.--(BUSINESS WIRE)-- #6GHzSpectrum--CommScope (NASDAQ: COMM) announced its Comsearch® spectrum management business received FCC certification for commercial deployment of its AFC system.

5 months ago - Business Wire

CommScope Brings Open RAN Indoors – Extending Open RAN Support on ERA DAS and ONECELL Small Cell

CLAREMONT, N.C.--(BUSINESS WIRE)-- #Converged5GIndoor--CommScope (NASDAQ: COMM) announced three industry-leading Open RAN advances —facilitating open, sustainable, and converged 5G indoor networks.

5 months ago - Business Wire

Vantiva appoints new Directors and Chairman to Board of Directors following strategic acquisition of CommScope Home Networks

Press Release     Vantiva appoints new Directors and Chairman to Board of Directors following strategic acquisition of CommScope Home Networks Brian Shearer, TPG Angelo Gordon, appointed Chairman of B...

5 months ago - GlobeNewsWire

Boldyn Networks Deploys Wi-Fi 7 from RUCKUS at Camping World Stadium for Seamless Fan Experience

CLAREMONT, N.C.--(BUSINESS WIRE)-- #WiFi7--CommScope (NASDAQ: COMM) and Boldyn Networks (Boldyn) announce deployment of Wi-Fi 7 indoor access points in selected areas of Camping World Stadium.

5 months ago - Business Wire

CommScope to Release Fourth Quarter and Full Year 2023 Financial Results on February 29

CLAREMONT, N.C.--(BUSINESS WIRE)-- #InvestorRelations--CommScope Holding Company, Inc., plans to release its fourth quarter and full year 2023 financial results on February 29, before market opens.

5 months ago - Business Wire

CommScope Unveils SYSTIMAX 2.0 Providing Innovative Solutions to Address Network Infrastructure Challenges

CLAREMONT, N.C.--(BUSINESS WIRE)-- #NetworkingSolutions--CommScope (NASDAQ: COMM), announces SYSTIMAX® 2.0 enhancements, the next generation of its SYSTIMAX building and data center connectivity portf...

6 months ago - Business Wire

CommScope Completes Divestiture of Home Networks Business to Vantiva

CLAREMONT, N.C.--(BUSINESS WIRE)--CommScope (NASDAQ: COMM), announced today the closing of the transaction to sell its Home Networks Business to Vantiva (Euronext Paris: VANTI.).

6 months ago - Business Wire

Vantiva Finalizes the Acquisition of CommScope's Home Networks Business

Press Release     Vantiva Finalizes the Acquisition of CommScope's Home Networks Business This operation strengthens Vantiva's leadership position in the global connected home market Paris – January 9...

6 months ago - GlobeNewsWire

Vantiva takes another step towards completing the acquisition of CommScope's Home Networks division

Press Release Vantiva takes another step towards completing the acquisition of CommScope's Home Networks division Paris – January 4, 2024 - Vantiva (Euronext Paris: VANTI), today announced that it has...

7 months ago - GlobeNewsWire

CommScope Named to Newsweek's America's Most Responsible Companies 2024 and Newsweek's America's Greatest Workplaces for Diversity 2024 Lists

CLAREMONT, N.C.--(BUSINESS WIRE)-- #Diversity--CommScope was named to Newsweek's list of America's Most Responsible Companies 2024 and America's Greatest Workplaces for Diversity 2024.

7 months ago - Business Wire

CommScope stock rises on heels of Raymond James upgrade to market perform

CommScope Holding Company Inc.'s stock COMM, +11.26% was up 6% in premarket trading on Thursday. Raymond James upgraded the telecommunications equipment company to market perform from underperform on ...

8 months ago - Market Watch