CommScope (COMM) Expected to Announce Earnings on Wednesday

CommScope (NASDAQ:COMM) is expected to post its quarterly earnings results before the market opens on Wednesday, February 26th. Analysts expect CommScope to post earnings of $0.18 per share and revenue of $1.11 billion for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

CommScope Stock Up 0.8 %

NASDAQ COMM opened at $5.12 on Wednesday. The company’s 50 day moving average is $5.33 and its 200-day moving average is $5.14. CommScope has a 12-month low of $0.86 and a 12-month high of $7.19. The firm has a market cap of $1.11 billion, a P/E ratio of -1.16, a price-to-earnings-growth ratio of 0.59 and a beta of 1.90.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. JPMorgan Chase & Co. raised shares of CommScope from an “underweight” rating to a “neutral” rating and set a $5.00 price target on the stock in a research report on Tuesday, January 14th. Raymond James lowered shares of CommScope from a “market perform” rating to an “underperform” rating in a report on Monday, January 6th. Finally, Morgan Stanley lowered shares of CommScope from an “equal weight” rating to an “underweight” rating and set a $5.00 target price on the stock. in a report on Tuesday, December 17th. Three investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. Based on data from MarketBeat, CommScope currently has a consensus rating of “Hold” and an average target price of $3.00.

About CommScope

CommScope Holding Company, Inc provides infrastructure solutions for communications, data center, and entertainment networks worldwide. The company operates through Connectivity and Cable Solutions (CCS); Outdoor Wireless Networks (OWN); Networking, Intelligent Cellular and Security Solutions (NICS), and Access Network Solutions (ANS) segments.