Commscope (NASDAQ:COMM) updated its fourth quarter 2018 earnings guidance on Thursday. The company provided earnings per share guidance of $0.34-0.39 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.59. The company issued revenue guidance of $1.015-1.065 billion, compared to the consensus revenue estimate of $1.17 billion.Commscope also updated its FY 2018 guidance to $2.09-2.14 EPS.

A number of analysts have recently weighed in on the stock. ValuEngine raised shares of Commscope from a sell rating to a hold rating in a research report on Tuesday, July 31st. Credit Suisse Group set a $31.00 target price on shares of Commscope and gave the stock a hold rating in a research report on Wednesday, August 1st. Zacks Investment Research downgraded shares of Commscope from a hold rating to a sell rating in a research report on Friday, August 10th. BidaskClub downgraded shares of Commscope from a hold rating to a sell rating in a research report on Thursday, August 9th. Finally, Northland Securities set a $36.00 price objective on shares of Commscope and gave the company a buy rating in a research report on Thursday, August 2nd. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of $33.79.

Shares of COMM stock opened at $19.39 on Friday. Commscope has a one year low of $18.52 and a one year high of $41.60. The stock has a market cap of $4.71 billion, a P/E ratio of 12.01, a PEG ratio of 1.34 and a beta of 1.23. The company has a current ratio of 2.77, a quick ratio of 2.16 and a debt-to-equity ratio of 2.57.

Commscope (NASDAQ:COMM) last announced its quarterly earnings data on Thursday, November 8th. The communications equipment provider reported $0.59 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by ($0.07). Commscope had a net margin of 4.43% and a return on equity of 24.14%. The firm had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same period last year, the company posted $0.55 earnings per share. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. On average, analysts forecast that Commscope will post 2.23 EPS for the current year.

TRADEMARK VIOLATION WARNING: “Commscope (COMM) Updates Q4 2018 Earnings Guidance” was originally published by Daily Political and is the property of of Daily Political. If you are viewing this news story on another site, it was illegally stolen and republished in violation of United States & international trademark and copyright laws. The original version of this news story can be viewed at

About Commscope

CommScope Holding Company, Inc provides infrastructure solutions for communications networks worldwide. The company's CommScope Connectivity Solutions segment offers optical fiber and twisted pair structured cable solutions, intelligent infrastructure software, and network rack and cabinet enclosures under the SYSTIMAX, NETCONNECT, and Uniprise brands; and fiber management systems, patch cords and panels, pre-terminated fiber connectivity, complete cabling systems, and cable assemblies for use in offices and data centers.

Further Reading: Technical Analysis of Stocks, How Can It Help

Receive News & Ratings for Commscope Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Commscope and related companies with's FREE daily email newsletter.