Commscope Holding Company Inc (NASDAQ:COMM) insider Marvin S. Edwards, Jr. sold 50,000 shares of the stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $38.66, for a total transaction of $1,933,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Marvin S. Edwards, Jr. also recently made the following trade(s):
- On Monday, December 4th, Marvin S. Edwards, Jr. sold 50,000 shares of Commscope stock. The stock was sold at an average price of $36.45, for a total transaction of $1,822,500.00.
Shares of Commscope Holding Company Inc (COMM) opened at $38.97 on Friday. The company has a market cap of $7,409.20, a price-to-earnings ratio of 39.36, a P/E/G ratio of 2.54 and a beta of 1.20. The company has a current ratio of 2.78, a quick ratio of 2.10 and a debt-to-equity ratio of 2.93. Commscope Holding Company Inc has a 52-week low of $30.95 and a 52-week high of $42.75.
Commscope (NASDAQ:COMM) last released its quarterly earnings results on Wednesday, November 1st. The communications equipment provider reported $0.55 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 analyst estimates of $1.13 billion. Commscope had a net margin of 4.21% and a return on equity of 29.11%. The firm’s revenue was down 12.8% on a year-over-year basis. During the same quarter last year, the business earned $0.81 earnings per share. equities analysts expect that Commscope Holding Company Inc will post 2.01 EPS for the current year.
A number of hedge funds have recently added to or reduced their stakes in COMM. Krilogy Financial LLC grew its position in shares of Commscope by 5.7% in the second quarter. Krilogy Financial LLC now owns 3,170 shares of the communications equipment provider’s stock valued at $121,000 after purchasing an additional 170 shares during the period. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Commscope in the second quarter valued at about $216,000. Taurus Asset Management LLC acquired a new stake in shares of Commscope in the third quarter valued at about $222,000. Nordea Investment Management AB acquired a new stake in shares of Commscope in the second quarter valued at about $235,000. Finally, Massey Quick Simon & CO. LLC acquired a new stake in shares of Commscope in the third quarter valued at about $252,000.
A number of analysts have recently weighed in on COMM shares. BidaskClub lowered shares of Commscope from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, December 20th. Jefferies Group reiterated a “buy” rating and issued a $40.00 price objective on shares of Commscope in a research note on Wednesday, September 20th. Citigroup increased their price objective on shares of Commscope from $39.00 to $40.00 and gave the stock a “buy” rating in a research note on Thursday, November 2nd. Zacks Investment Research upgraded shares of Commscope from a “hold” rating to a “buy” rating and set a $36.00 price objective on the stock in a research note on Thursday, October 19th. Finally, ValuEngine upgraded shares of Commscope from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $40.80.
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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