CommScope Holding Company, Inc. (NASDAQ:COMM) registered a 0.42% increase, still its new closing price is 97.01% up from the company’s 1 year high of 38.31.It posted 2.22% gains in previous 5 sessions and is now the subject of 3 analysts who together assign a hold rating on stock. 0 of Wall Street analysts have an underperform rating; the 0 sells versus 7 buy or better ratings. The 16 stock analysts following this company have an average price target at $40.14, with individual PT in the $29.00-$45.00 range. The shares moved at $38.16, implying that brokerage firms see shares gaining about 74.81% in twelve months time.
CommScope Holding Company, Inc. (COMM) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a 2.58% rise year to date. A Director at CommScope Holding Company, Inc. (COMM) offloaded shares in a transaction closed on Wednesday February 01, 2017. DRENDEL FRANK M sold 15,000 shares in the company at $37.77 each and collected $566,001 in proceeds. DRENDEL FRANK M now owns 2,551,941 shares in the company after this transaction. A SVP of CommScope, Inc. in the company, Karlsson Peter U, disclosed a transaction on Wednesday February 01, 2017 that ended up generating $296,001 from the sale of 7,796 shares at $38.04 per share.
CommScope Holding Company, Inc. (NASDAQ:COMM) Upcoming Results on Tap
CommScope Holding Company, Inc. will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $0.82 in that period. Sales during the quarter are predicted to arrive at $1.18 billion.
Earnings surprise history: Last quarter, the company posted approximately $1.29 billion in revenue and EPS of $0.81. The mean forecast was for $1.29 billion and $0.71 a share, respectively. One quarter earlier, revenue for the stock was at $1.31 billion, with earnings at $0.74/share.
CommScope Holding Company, Inc. (COMM) Brokerage Update
CommScope Holding Company, Inc. (COMM) is in Raymond James’s research list so their analyst rating change is noteworthy. These shares were downgraded to Mkt Perform from Outperform by Raymond James, according to news reported on Tuesday January 17, 2017.Another important research note was issued by Goldman on Monday May 09, 2016.The firm upgraded COMM to Buy from Neutral. Over the last six months and over the last three months, the shares of CommScope Holding Company, Inc. (COMM), have changed 31.45% and 26.02%, respectively.