Commscope (NASDAQ:COMM) Earns Daily Media Impact Score of 0.12

Media stories about Commscope (NASDAQ:COMM) have been trending somewhat positive recently, Accern reports. Accern ranks the sentiment of media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Commscope earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned headlines about the communications equipment provider an impact score of 44.8237030446066 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Here are some of the news headlines that may have impacted Accern Sentiment’s rankings:

Several research analysts have weighed in on COMM shares. Zacks Investment Research upgraded Commscope from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a research note on Thursday, October 19th. Citigroup increased their target price on Commscope from $39.00 to $40.00 and gave the company a “buy” rating in a research report on Thursday, November 2nd. ValuEngine downgraded Commscope from a “buy” rating to a “hold” rating in a research report on Saturday, November 4th. Northland Securities reiterated a “hold” rating on shares of Commscope in a research report on Friday, November 10th. Finally, BidaskClub upgraded Commscope from a “buy” rating to a “strong-buy” rating in a research report on Thursday, December 14th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $41.50.

Commscope (NASDAQ:COMM) traded up $1.17 during midday trading on Thursday, reaching $38.88. The company’s stock had a trading volume of 3,557,000 shares, compared to its average volume of 1,788,099. The firm has a market capitalization of $7,420.00, a price-to-earnings ratio of 39.27, a P/E/G ratio of 2.38 and a beta of 1.13. The company has a debt-to-equity ratio of 2.93, a current ratio of 2.78 and a quick ratio of 2.10. Commscope has a one year low of $30.95 and a one year high of $42.75.

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

In other news, insider Marvin S. Edwards, Jr. sold 50,000 shares of the stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $38.66, for a total value of $1,933,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Frank M. Drendel sold 15,000 shares of the stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $38.02, for a total value of $570,300.00. The disclosure for this sale can be found here. In 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 company insiders.

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About Commscope

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.

Insider Buying and Selling by Quarter for Commscope (NASDAQ:COMM)

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