In today’s session Commscope Holding Company Inc (COMM) registered an unusually high (3,003) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious COMM increase. With 3,003 contracts traded and 30364 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: COMM161118C00032000 closed last at: $1.25 or 16.7% down. About 35,938 shares traded hands. Commscope Holding Company Inc (NASDAQ:COMM) has risen 13.91% since March 11, 2016 and is uptrending. It has outperformed by 8.46% the S&P500.
Analysts await Commscope Holding Company Inc (NASDAQ:COMM) to report earnings on November, 14. They expect $0.69 earnings per share, up 35.29% or $0.18 from last year’s $0.51 per share. COMM’s profit will be $131.26 million for 11.35 P/E if the $0.69 EPS becomes a reality. After $0.71 actual earnings per share reported by Commscope Holding Company Inc for the previous quarter, Wall Street now forecasts -2.82% negative EPS growth.
Commscope Holding Company Inc (NASDAQ:COMM) Ratings Coverage
Out of 10 analysts covering CommScope Holding (NASDAQ:COMM), 8 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 80% are positive. $42.50 is the highest target while $22 is the lowest. The $34.55 average target is 10.28% above today’s ($31.33) stock price. CommScope Holding has been the topic of 18 analyst reports since July 24, 2015 according to StockzIntelligence Inc. BTIG Research initiated Commscope Holding Company Inc (NASDAQ:COMM) on Friday, June 17 with “Buy” rating. Northland Capital initiated the shares of COMM in a report on Wednesday, September 30 with “Market Perform” rating. The firm has “Buy” rating given on Monday, February 22 by Cross Research. Morgan Stanley initiated it with “Equal-Weight” rating and $35 target price in Tuesday, September 20 report. The company was maintained on Tuesday, November 10 by Barclays Capital. Drexel Hamilton initiated Commscope Holding Company Inc (NASDAQ:COMM) on Friday, July 24 with “Buy” rating. The firm has “Market Perform” rating given on Tuesday, November 10 by Northland Capital. Raymond James upgraded the shares of COMM in a report on Tuesday, February 16 to “Outperform” rating. JP Morgan upgraded the shares of COMM in a report on Thursday, December 17 to “Overweight” rating. Goldman Sachs upgraded the stock to “Buy” rating in Monday, May 9 report.
According to Zacks Investment Research, “CommScope Holding Inc. is a premier network infrastructure provider. The Company, through its subsidiaries, provides end-to-end solutions connecting technology and wireless and wired networks. It operates in three segments: Wireless, Enterprise, and Broadband. CommScope Holding Company, Inc. is headquartered in Hickory, North Carolina.”
Insitutional Activity: The institutional sentiment increased to 2.12 in Q2 2016. Its up 1.31, from 0.81 in 2016Q1. The ratio is positive, as 15 funds sold all Commscope Holding Company Inc shares owned while 43 reduced positions. 40 funds bought stakes while 83 increased positions. They now own 192.42 million shares or 1.89% less from 196.14 million shares in 2016Q1.
Federated Invsts Pa has 126,673 shares for 0.01% of their US portfolio. Lone Pine Ltd Liability Corp accumulated 3.49 million shares or 0.5% of the stock. State Street has invested 0% of its portfolio in Commscope Holding Company Inc (NASDAQ:COMM). Calvert Inv has 0.01% invested in the company for 6,985 shares. Point72 Asia (Hong Kong) Ltd accumulated 0.04% or 1,126 shares. Moreover, First Advsrs L P has 0.02% invested in Commscope Holding Company Inc (NASDAQ:COMM) for 243,879 shares. California Employees Retirement has 0.01% invested in the company for 186,700 shares. Blackrock Grp Ltd owns 168,604 shares or 0% of their US portfolio. Winfield Associates Inc owns 30 shares or 0% of their US portfolio. Driehaus Capital Management Limited has invested 0.01% of its portfolio in Commscope Holding Company Inc (NASDAQ:COMM). Zacks Invest Management reported 53,208 shares or 0.05% of all its holdings. Oppenheimer & accumulated 54,802 shares or 0.05% of the stock. Rivulet Ltd last reported 12.01% of its portfolio in the stock. Timessquare Capital Ltd Com last reported 0.22% of its portfolio in the stock. Goldman Sachs Grp holds 530,971 shares or 0.01% of its portfolio.
CommScope Holding Company, Inc. is provider of infrastructure solutions for wireless, business enterprise and residential broadband networks. The company has a market cap of $5.96 billion. The Firm operates through four divisions: Wireless, Enterprise, Broadband and Broadband Network Solutions . It currently has negative earnings. The Company’s Wireless segment provides merchant RF wireless network connectivity solutions and cell distributed antenna systems (DAS) solutions to enable carriers’ second generation (2G), third generation (3G) and fourth generation (4G) networks.
COMM Company Profile
CommScope Holding Company, Inc., incorporated on October 22, 2010, is well-known provider of infrastructure solutions for wireless, business enterprise and residential broadband networks. The Firm operates through four divisions: Wireless, Enterprise, Broadband and Broadband Network Solutions (BNS). The Firm also makes coaxial and fiber optic cable for residential broadband networks. Through its Andrew brand, the Company provides merchant radio frequency (RF) wireless network connectivity solutions and small cell distributed antenna system (DAS) solutions. Through its SYSTIMAX, Uniprise and AMP NETCONNECT brands, the Company provides enterprise connectivity solutions, delivering an end-to-end physical layer solution, including connectivity and cables, enclosures, data center and network intelligence software, in-building wireless and network design services for enterprise applications and data centers.
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