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.

Commscope (NASDAQ:COMM) last released its quarterly earnings results on Thursday, February 15th. The communications equipment provider reported $0.47 earnings per share for the quarter, hitting the consensus estimate of $0.47. Commscope had a net margin of 4.21% and a return on equity of 29.11%. The business had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the previous year, the company earned $0.61 earnings per share. The firm’s revenue for the quarter was down 5.0% compared to the same quarter last year. sell-side analysts anticipate that Commscope will post 2.01 EPS for the current fiscal year.

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.

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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.

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