CommScope (NASDAQ:COMM – Get Free Report) posted its quarterly earnings results on Thursday. The communications equipment provider reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01), Briefing.com reports. CommScope had a negative net margin of 30.88% and a negative return on equity of 1.75%. The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter last year, the company posted $0.14 EPS. The firm’s revenue was down 12.7% on a year-over-year basis.
CommScope Stock Performance
Shares of CommScope stock traded up $0.07 during midday trading on Friday, hitting $2.86. 5,282,709 shares of the company traded hands, compared to its average volume of 3,997,753. The stock has a market cap of $607.11 million, a price-to-earnings ratio of -0.32, a PEG ratio of 1.91 and a beta of 2.08. The firm’s fifty day moving average price is $1.62 and its 200-day moving average price is $1.51. CommScope has a 12 month low of $0.86 and a 12 month high of $3.97.
Wall Street Analyst Weigh In
Several research analysts have weighed in on the stock. StockNews.com cut shares of CommScope from a “hold” rating to a “sell” rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft increased their target price on CommScope from $1.25 to $2.00 and gave the stock a “hold” rating in a report on Tuesday, July 30th. Three analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $1.67.
CommScope Company Profile
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.
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