Commscope Holding Company Inc (NASDAQ:COMM) institutional sentiment increased to 1.03 in 2019 Q1. Its up 0.08, from 0.95 in 2018Q4. The ratio improved, as 98 active investment managers started new or increased positions, while 95 cut down and sold equity positions in Commscope Holding Company Inc. The active investment managers in our partner’s database now possess: 176.83 million shares, down from 181.64 million shares in 2018Q4. Also, the number of active investment managers holding Commscope Holding Company Inc in their top 10 positions decreased from 6 to 5 for a decrease of 1. Sold All: 24 Reduced: 71 Increased: 69 New Position: 29.
CommScope Holding Company, Inc. provides infrastructure solutions for communications networks worldwide. The company has market cap of $3.11 billion. The companyÂ’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, AMP NETCONNECT, and Uniprise brands; and fiber management systems, patch cords and panels, complete cabling systems, and cable assemblies for use in offices and data centers. It has a 29.62 P/E ratio. This segment also provides fiber optic connectivity solutions, including hardened connector systems, fiber distribution hubs and management systems, couplers and splitters, plug and play multiport service terminals, hardened optical terminating enclosures, high density cable assemblies, splices, and splice closures that supports video, voice, and high-speed data services provided by telecommunications operators and multi-system operators.
The stock decreased 1.02% or $0.16 during the last trading session, reaching $16.06. About 997,640 shares traded. CommScope Holding Company, Inc. (NASDAQ:COMM) has declined 36.54% since July 2, 2018 and is downtrending. It has underperformed by 40.97% the S&P500.
Analysts await CommScope Holding Company, Inc. (NASDAQ:COMM) to report earnings on July, 30. They expect $0.50 earnings per share, down 20.63 % or $0.13 from last year’s $0.63 per share. COMM’s profit will be $96.79 million for 8.03 P/E if the $0.50 EPS becomes a reality. After $0.45 actual earnings per share reported by CommScope Holding Company, Inc. for the previous quarter, Wall Street now forecasts 11.11 % EPS growth.
Chieftain Capital Management Inc. holds 8.28% of its portfolio in CommScope Holding Company, Inc. for 11,544 shares. Fpr Partners Llc owns 11.62 million shares or 6.17% of their US portfolio. Moreover, Indaba Capital Management L.P. has 5.68% invested in the company for 1.28 million shares. The California-based Route One Investment Company L.P. has invested 4.52% in the stock. Maverick Capital Ltd, a Texas-based fund reported 10.04 million shares.
Ratings analysis reveals 67% of CommScope Holding Co’s analysts are positive. Out of 6 Wall Street analysts rating CommScope Holding Co, 4 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $19 while the high is $34. The stock’s average target of $25.86 is 61.02% above today’s ($16.06) share price. COMM was included in 14 notes of analysts from January 7, 2019. Raymond James upgraded CommScope Holding Company, Inc. (NASDAQ:COMM) rating on Wednesday, April 3. Raymond James has “Strong Buy” rating and $32 target. The stock of CommScope Holding Company, Inc. (NASDAQ:COMM) earned “Hold” rating by Morgan Stanley on Friday, February 22. The firm has “Outperform” rating by Credit Suisse given on Tuesday, April 2. The company was maintained on Friday, February 22 by Rosenblatt. The firm earned “Buy” rating on Thursday, February 21 by Northland Capital. The rating was maintained by Morgan Stanley on Monday, January 7 with “Equal-Weight”. Goldman Sachs upgraded CommScope Holding Company, Inc. (NASDAQ:COMM) on Thursday, June 20 to “Buy” rating.
More notable recent CommScope Holding Company, Inc. (NASDAQ:COMM) news were published by: Seekingalpha.com which released: “CommScope: Valuation Attractive Post ARRIS Acquisition – Seeking Alpha” on May 16, 2019, also Nasdaq.com with their article: “COMM or CALX: Which Is the Better Value Stock Right Now? – Nasdaq” published on May 06, 2019, Benzinga.com published: “Benzinga’s Top Upgrades, Downgrades For June 20, 2019 – Benzinga” on June 20, 2019. More interesting news about CommScope Holding Company, Inc. (NASDAQ:COMM) were released by: Globenewswire.com and their article: “New Research: Key Drivers of Growth for Zillow Group, Genpact, Royal Caribbean Cruises, CommScope Holding, Inovio Pharmaceuticals, and EW Scripps â€” Factors of Influence, Major Initiatives and Sustained Production – GlobeNewswire” published on April 15, 2019 as well as Nasdaq.com‘s news article titled: “Is CommScope Holding Company (COMM) Stock Outpacing Its Computer and Technology Peers This Year? – Nasdaq” with publication date: April 23, 2019.
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