CommScope (NASDAQ:COMM) Posts Earnings Results, Misses Expectations By $0.03 EPS

CommScope (NASDAQ:COMM) released its quarterly earnings results on Wednesday. The communications equipment provider reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.03), Zacks reports. CommScope had a negative net margin of 18.10% and a negative return on equity of 1.01%.

CommScope Trading Up 25.3 %

Shares of NASDAQ:COMM traded up $1.24 during trading on Wednesday, hitting $6.13. 12,180,922 shares of the stock were exchanged, compared to its average volume of 4,129,967. The company has a fifty day moving average price of $5.26 and a two-hundred day moving average price of $5.26. The company has a market cap of $1.32 billion, a PE ratio of -1.39, a P/E/G ratio of 0.41 and a beta of 1.90. CommScope has a 12-month low of $0.86 and a 12-month high of $7.19.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley downgraded shares of CommScope from an “equal weight” rating to an “underweight” rating and set a $5.00 price objective for the company. in a research report on Tuesday, December 17th. Raymond James downgraded CommScope from a “market perform” rating to an “underperform” rating in a research report on Monday, January 6th. Finally, JPMorgan Chase & Co. upgraded shares of CommScope from an “underweight” rating to a “neutral” rating and set a $5.00 price objective on the stock in a research note on Tuesday, January 14th. Three analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $3.00.

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.