The stock of Commscope Holding Company Inc (NASDAQ:COMM) is a huge mover today! About 1.91 million shares traded hands. Commscope Holding Company Inc (NASDAQ:COMM) has risen 16.82% since April 5, 2016 and is uptrending. It has outperformed by 14.87% the S&P500.
The move comes after 9 months positive chart setup for the $6.67B company. It was reported on Nov, 8 by Barchart.com. We have $48.69 PT which if reached, will make NASDAQ:COMM worth $2.93 billion more.
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 $136.12M for 12.25 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. CommScope Holding has been the topic of 18 analyst reports since July 24, 2015 according to StockzIntelligence Inc. Morgan Stanley initiated the stock with “Equal-Weight” rating in Tuesday, September 20 report. The stock has “Buy” rating given by Cross Research on Monday, February 22. As per Friday, June 17, the company rating was initiated by BTIG Research. The stock has “Buy” rating given by Drexel Hamilton on Friday, July 24. The firm has “Outperform” rating by Raymond James given on Tuesday, February 16. The company was initiated on Wednesday, September 30 by Northland Capital. JP Morgan upgraded Commscope Holding Company Inc (NASDAQ:COMM) on Thursday, December 17 to “Overweight” rating. As per Tuesday, November 10, the company rating was maintained by Barclays Capital. The stock has “Market Perform” rating given by Northland Capital on Tuesday, November 10. On Monday, May 9 the stock rating was upgraded by Goldman Sachs to “Buy”.
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 improved, 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.
Ftb holds 0% or 558 shares in its portfolio. Quantitative Systematic Strategies Limited Liability Company, a Connecticut-based fund reported 6,840 shares. Wealthtrust reported 221 shares or 0% of all its holdings. Cipher Cap Lp holds 0.16% or 74,422 shares in its portfolio. Lone Pine Lc owns 3.49 million shares or 0.5% of their US portfolio. Dorsal Capital Mngmt Limited Co holds 6.06% or 2.65M shares in its portfolio. Veritable L P holds 24,006 shares or 0.02% of its portfolio. Overbrook Management Corp has invested 7.78% of its portfolio in Commscope Holding Company Inc (NASDAQ:COMM). State Street Corp last reported 1.48M shares in the company. Sg Americas Limited Liability Corp reported 3,233 shares or 0% of all its holdings. Barclays Plc last reported 10,020 shares in the company. Pnc Fincl Ser Grp reported 892 shares or 0% of all its holdings. Prudential Financial has 6,710 shares for 0% of their US portfolio. Paloma Prns Management Company holds 0% or 13,585 shares in its portfolio. Goodnow Invest Gru Ltd Liability last reported 6.79% of its portfolio in the stock.
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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