Commscope (COMM) Updates Q4 2018 Earnings Guidance
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.
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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.
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