Commscope (COMM) Releases Q1 Earnings Guidance
Commscope (NASDAQ:COMM) updated its first quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.44-0.49 for the period, compared to the Thomson Reuters consensus estimate of $0.53. The company issued revenue guidance of $1.085-1.135 billion, compared to the consensus revenue estimate of $1.12 billion.Commscope also updated its FY18 guidance to $2.56-2.71 EPS.
A number of research analysts have recently issued reports on the stock. BidaskClub upgraded shares of Commscope from a buy rating to a strong-buy rating in a report on Thursday, December 14th. Longbow Research upgraded shares of Commscope from a neutral rating to a buy rating in a report on Friday, January 26th. Citigroup lifted their price objective on shares of Commscope to $45.00 and gave the company a buy rating in a report on Thursday, January 11th. Barclays upgraded shares of Commscope from an equal weight rating to an overweight rating and lifted their price objective for the company from $42.00 to $43.00 in a report on Wednesday. Finally, ValuEngine upgraded shares of Commscope from a hold rating to a buy rating in a report on Friday, December 1st. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company presently has an average rating of Buy and an average target price of $41.50.
Commscope (NASDAQ COMM) opened at $38.88 on Thursday. Commscope has a twelve month low of $30.95 and a twelve month high of $42.75. The stock has a market cap of $7,420.00, a PE ratio of 39.27, a PEG ratio of 2.38 and a beta of 1.13. The company has a current ratio of 2.78, a quick ratio of 2.10 and a debt-to-equity ratio of 2.93.
In related news, Director Frank M. Drendel sold 5,284 shares of the business’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $38.01, for a total transaction of $200,844.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Marvin S. Edwards, Jr. sold 50,000 shares of the business’s stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $38.66, for a total transaction of $1,933,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 180,284 shares of company stock worth $6,807,245. 3.33% of the stock is owned by corporate insiders.
WARNING: “Commscope (COMM) Releases Q1 Earnings Guidance” was first posted by TheOlympiaReport and is owned by of TheOlympiaReport. If you are viewing this report on another domain, it was illegally copied and reposted in violation of U.S. & international copyright & trademark legislation. The correct version of this report can be read at https://theolympiareport.com/2018/02/15/commscope-comm-releases-q1-earnings-guidance.html.
Commscope Company Profile
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.
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 MarketBeat.com's FREE daily email newsletter.