The stock of Commscope Holding Company Inc (NASDAQ:COMM) reached all time high today, Nov, 29 and still has $37.55 target or 3.00% above today’s $36.46 share price. This indicates more upside for the $6.93 billion company. This technical setup was reported by Barchart.com. If the $37.55 PT is reached, the company will be worth $207.90 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 1.57M shares traded hands. Commscope Holding Company Inc (NASDAQ:COMM) has risen 33.30% since April 26, 2016 and is uptrending. It has outperformed by 28.04% the S&P500.
Analysts await Commscope Holding Company Inc (NASDAQ:COMM) to report earnings on February, 17. They expect $0.54 EPS, up 38.46% or $0.15 from last year’s $0.39 per share. COMM’s profit will be $102.64M for 16.88 P/E if the $0.54 EPS becomes a reality. After $0.79 actual EPS reported by Commscope Holding Company Inc for the previous quarter, Wall Street now forecasts -31.65% 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 earned “Buy” rating on Friday, July 24 by Drexel Hamilton. BTIG Research initiated it with “Buy” rating and $41 target price in Friday, June 17 report. The firm has “Overweight” rating by Barclays Capital given on Tuesday, November 10. The stock has “Outperform” rating given by Raymond James on Tuesday, February 16. The stock has “Buy” rating given by Cross Research on Monday, February 22. Morgan Stanley initiated the shares of COMM in a report on Tuesday, September 20 with “Equal-Weight” rating. Northland Capital maintained the shares of COMM in a report on Tuesday, November 10 with “Market Perform” rating. The company was initiated on Wednesday, September 30 by Northland Capital. The rating was upgraded by Goldman Sachs to “Buy” on Monday, May 9. The company was reinitiated on Friday, September 18 by Goldman Sachs.
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 decreased to 2.04 in 2016 Q2. Its down 0.08, from 2.12 in 2016Q1. The ratio dived, 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.
Williams Jones And Associates Limited Liability Corp holds 86,615 shares or 0.12% of its portfolio. Blackrock Ltd holds 0% or 168,604 shares in its portfolio. Fpr Prtnrs Lc accumulated 7.59% or 10.13M shares. Prudential Incorporated has invested 0% of its portfolio in Commscope Holding Company Inc (NASDAQ:COMM). Moreover, First Tru Advisors Limited Partnership has 0.02% invested in Commscope Holding Company Inc (NASDAQ:COMM) for 243,879 shares. Blackrock Ltd Llc holds 0% or 98,748 shares in its portfolio. Federated Pa holds 0.01% or 126,673 shares in its portfolio. Verition Fund Mngmt Lc holds 0.04% of its portfolio in Commscope Holding Company Inc (NASDAQ:COMM) for 9,658 shares. Ny State Common Retirement Fund holds 0.01% of its portfolio in Commscope Holding Company Inc (NASDAQ:COMM) for 286,900 shares. Seven Eight Capital Limited Liability Company has 0.11% invested in the company for 10,200 shares. Utah Retirement has invested 0.02% of its portfolio in Commscope Holding Company Inc (NASDAQ:COMM). Ameriprise Fincl has invested 0% of its portfolio in Commscope Holding Company Inc (NASDAQ:COMM). Public Employees Retirement Association Of Colorado holds 29,563 shares or 0.01% of its portfolio. Parametric Assoc Ltd last reported 0% of its portfolio in the stock. Credit Suisse Ag last reported 118,207 shares in the company.
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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