CommScope Holding (COMM) Receives Media Sentiment Score of 0.19
Press coverage about CommScope Holding (NASDAQ:COMM) has trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. CommScope Holding earned a coverage optimism score of 0.19 on Accern’s scale. Accern also assigned press coverage about the communications equipment provider an impact score of 45.3601267075645 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the news stories that may have effected Accern Sentiment Analysis’s scoring:
- CommScope Holding Company, Inc. (COMM) Given Consensus Rating of “Hold” by Analysts (americanbankingnews.com)
- Recent Research Analysts’ Ratings Changes for CommScope Holding (COMM) (campdesrecrues.com)
- Insider Trading at CommScope Holding Company Inc.? (elcumanes.com)
- IHS Markit Score downgrades CommScope Holding Company Inc to 32 out of 100, ranking positively in only one out of three available IHS Markit categories. (finance.yahoo.com)
- Worth Watching Stock CommScope Holding Company, Inc. (COMM) (wisdomsave.com)
A number of brokerages have recently weighed in on COMM. TheStreet raised shares of CommScope Holding from a “c+” rating to a “b” rating in a report on Tuesday. Barclays PLC lowered shares of CommScope Holding from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $41.00 to $36.00 in a report on Friday, August 4th. Jefferies Group LLC reissued a “buy” rating and set a $40.00 price objective (down from $43.00) on shares of CommScope Holding in a report on Wednesday. Longbow Research lowered shares of CommScope Holding from a “buy” rating to a “neutral” rating in a report on Friday, August 4th. Finally, Northland Securities reissued a “hold” rating and set a $28.00 price objective on shares of CommScope Holding in a report on Thursday. One research analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $41.45.
CommScope Holding (NASDAQ COMM) opened at 31.93 on Friday. CommScope Holding has a 52-week low of $28.32 and a 52-week high of $42.75. The firm has a market capitalization of $6.16 billion, a P/E ratio of 26.65 and a beta of 1.17. The company’s 50-day moving average is $35.90 and its 200-day moving average is $38.12.
CommScope Holding (NASDAQ:COMM) last issued its quarterly earnings data on Thursday, August 3rd. The communications equipment provider reported $0.60 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by $0.05. CommScope Holding had a return on equity of 33.38% and a net margin of 4.96%. The business had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same period in the previous year, the business posted $0.74 earnings per share. The company’s revenue for the quarter was down 10.2% on a year-over-year basis. On average, analysts predict that CommScope Holding will post $2.22 EPS for the current year.
CommScope Holding declared that its Board of Directors has initiated a stock buyback program on Thursday, August 3rd that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the communications equipment provider to repurchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.
In other news, Director Frank M. Drendel sold 15,000 shares of the firm’s stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $38.94, for a total value of $584,100.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Timothy T. Yates bought 5,000 shares of CommScope Holding stock in a transaction dated Tuesday, August 8th. The stock was purchased at an average price of $32.62 per share, with a total value of $163,100.00. The disclosure for this purchase can be found here. Insiders have acquired a total of 35,000 shares of company stock worth $1,207,400 over the last three months. 3.33% of the stock is currently owned by insiders.
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About CommScope Holding
CommScope Holding Company, Inc (CommScope) is a provider of infrastructure solutions for the core, access and edge layers of communications networks. The Company operates through two segments: CommScope Connectivity Solutions (CCS) and CommScope Mobility Solutions (CMS). Its portfolio includes wireless and fiber optic solutions.
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