The stock of Commscope Holding Company Inc (NASDAQ:COMM) is a huge mover today! About 3.33M shares traded hands or 92.49% up from the average. Commscope Holding Company Inc (NASDAQ:COMM) has risen 21.37% since March 9, 2016 and is uptrending. It has outperformed by 13.96% the S&P500.
The move comes after 7 months negative chart setup for the $5.95B company. It was reported on Oct, 12 by Barchart.com. We have $28.26 PT which if reached, will make NASDAQ:COMM worth $535.50M less.
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 $132.18 million for 11.25 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. The firm has “Equal-Weight” rating given on Tuesday, September 20 by Morgan Stanley. As per Monday, February 22, the company rating was upgraded by Cross Research. Barclays Capital maintained Commscope Holding Company Inc (NASDAQ:COMM) on Tuesday, November 10 with “Overweight” rating. Goldman Sachs reinitiated the shares of COMM in a report on Friday, September 18 with “Neutral” rating. The stock of Commscope Holding Company Inc (NASDAQ:COMM) earned “Outperform” rating by Raymond James on Tuesday, February 16. The company was initiated on Friday, June 17 by BTIG Research. The company was initiated on Friday, July 24 by Drexel Hamilton. 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 stock of Commscope Holding Company Inc (NASDAQ:COMM) has “Overweight” rating given on Thursday, December 17 by JP Morgan. The firm has “Market Perform” rating by Northland Capital given on Wednesday, September 30.
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.
Ngam Ltd Partnership holds 0.02% or 53,780 shares in its portfolio. Blackrock Investment Management Ltd Llc accumulated 0% or 50,091 shares. Calvert Investment Mngmt has 6,985 shares for 0.01% of their US portfolio. Bnp Paribas Arbitrage Sa accumulated 20,847 shares or 0% of the stock. Shellback Capital L P has invested 4.22% of its portfolio in Commscope Holding Company Inc (NASDAQ:COMM). The Alberta – Canada-based Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Investment Mngmt Corporation has invested 0.04% in Commscope Holding Company Inc (NASDAQ:COMM). Moreover, Parametric Portfolio Assocs Ltd Llc has 0% invested in Commscope Holding Company Inc (NASDAQ:COMM) for 65,708 shares. Morgan Stanley holds 0% of its portfolio in Commscope Holding Company Inc (NASDAQ:COMM) for 45,969 shares. Criterion Cap Mngmt Lc last reported 5.86% of its portfolio in the stock. Pub Employees Retirement Association Of Colorado owns 29,563 shares or 0.01% of their US portfolio. Hollow Brook Wealth Mngmt Ltd Liability Corp, a New York-based fund reported 83,598 shares. Jpmorgan Chase & has 5.24 million shares for 0.04% of their US portfolio. Balyasny Asset Management Ltd Liability Co holds 0.15% or 753,911 shares in its portfolio. Intll Group Incorporated owns 3,156 shares or 0% of their US portfolio. Teachers has 118,258 shares for 0.01% of their US portfolio.
Another recent and important Commscope Holding Company Inc (NASDAQ:COMM) news was published by Twst.com which published an article titled: “CommScope Holding Company Inc.: CommScope to Release Third Quarter 2016 …” on October 10, 2016.
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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