Price Don’t Lie: What’s Next for Commscope Holding Company Inc After Today’s Significant Increase?

Price Don't Lie: What's Next for Commscope Holding Company Inc After Today's Significant Increase?

The stock of Commscope Holding Company Inc (NASDAQ:COMM) is a huge mover today! About 682,428 shares traded hands. Commscope Holding Company Inc (NASDAQ:COMM) has risen 19.53% since February 29, 2016 and is uptrending. It has outperformed by 7.32% the S&P500.
The move comes after 7 months positive chart setup for the $5.87B company. It was reported on Oct, 3 by We have $39.85 PT which if reached, will make NASDAQ:COMM worth $1.82 billion more.

Analysts await Commscope Holding Company Inc (NASDAQ:COMM) to report earnings on November, 14. They expect $0.69 EPS, up 35.29% or $0.18 from last year’s $0.51 per share. COMM’s profit will be $133.15 million for 11.02 P/E if the $0.69 EPS becomes a reality. After $0.71 actual EPS 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. On Thursday, December 17 the stock rating was upgraded by JP Morgan to “Overweight”. Drexel Hamilton initiated it with “Buy” rating and $40 target price in Friday, July 24 report. The stock of Commscope Holding Company Inc (NASDAQ:COMM) has “Buy” rating given on Monday, February 22 by Cross Research. Goldman Sachs upgraded the shares of COMM in a report on Monday, May 9 to “Buy” rating. The rating was initiated by Morgan Stanley with “Equal-Weight” on Tuesday, September 20. BTIG Research initiated the stock with “Buy” rating in Friday, June 17 report. Northland Capital maintained Commscope Holding Company Inc (NASDAQ:COMM) rating on Tuesday, November 10. Northland Capital has “Market Perform” rating and $22 price target. The firm earned “Overweight” rating on Tuesday, November 10 by Barclays Capital. On Tuesday, February 16 the stock rating was upgraded by Raymond James to “Outperform”. On Friday, September 18 the stock rating was reinitiated by Goldman Sachs with “Neutral”.

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 2016 Q2. 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.
Moreover, Trexquant Lp has 0.11% invested in Commscope Holding Company Inc (NASDAQ:COMM) for 28,117 shares. Blackrock owns 20,291 shares or 0% of their US portfolio. The New York-based Bnp Paribas Arbitrage Sa has invested 0% in Commscope Holding Company Inc (NASDAQ:COMM). Cipher Capital Ltd Partnership has 0.16% invested in the company for 74,422 shares. Blackrock Limited Liability Company holds 0% of its portfolio in Commscope Holding Company Inc (NASDAQ:COMM) for 98,748 shares. Citigroup has invested 0% of its portfolio in Commscope Holding Company Inc (NASDAQ:COMM). Millennium Lc holds 855,376 shares or 0.06% of its portfolio. Brown Advisory has 0.04% invested in the company for 328,884 shares. Victory Capital Mngmt last reported 0.07% of its portfolio in the stock. Verition Fund Management Lc holds 9,658 shares or 0.04% of its portfolio. Chieftain Mgmt Inc has 15.36 million shares for 25.07% of their US portfolio. Bank & Trust Of America Corporation De holds 0.01% or 1.84M shares in its portfolio. Wall Street Associates has 8,617 shares for 0.11% of their US portfolio. Mrj Incorporated accumulated 2.37% or 112,000 shares. Sg Americas Secs Ltd Liability Corp holds 0% of its portfolio in Commscope Holding Company Inc (NASDAQ:COMM) for 3,233 shares.

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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