Commscope (COMM) Set to Announce Earnings on Thursday

Commscope (NASDAQ:COMM) will be posting its quarterly earnings results before the market opens on Thursday, February 21st. Analysts expect Commscope to post earnings of $0.33 per share for the quarter.

Shares of COMM stock opened at $22.32 on Thursday. Commscope has a fifty-two week low of $15.09 and a fifty-two week high of $41.60. The company has a debt-to-equity ratio of 2.27, a quick ratio of 1.80 and a current ratio of 2.44. The company has a market cap of $4.22 billion, a price-to-earnings ratio of 11.05, a price-to-earnings-growth ratio of 2.48 and a beta of 1.31.

Several equities analysts have recently commented on the stock. Jefferies Financial Group upgraded shares of Commscope from a “hold” rating to a “buy” rating and lowered their price target for the stock from $30.50 to $28.50 in a research report on Monday, November 26th. Zacks Investment Research lowered shares of Commscope from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 15th. ValuEngine downgraded Commscope from a “sell” rating to a “strong sell” rating in a report on Tuesday, November 6th. Morgan Stanley restated a “hold” rating and issued a $23.00 price objective on shares of Commscope in a report on Friday, November 9th. They noted that the move was a valuation call. Finally, Longbow Research downgraded Commscope from a “buy” rating to a “neutral” rating in a report on Friday, November 9th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $31.02.

ILLEGAL ACTIVITY NOTICE: This story was originally published by Modern Readers and is the sole property of of Modern Readers. If you are viewing this story on another website, it was copied illegally and reposted in violation of United States & international trademark and copyright legislation. The original version of this story can be accessed at https://www.modernreaders.com/news/2019/02/14/commscope-comm-set-to-announce-earnings-on-thursday.html.

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.

Featured Story: Day Trading – Risk Worth the Reward?

Earnings History for Commscope (NASDAQ:COMM)

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.

Leave a Reply