CommScope Holding Company, Inc. (NASDAQ:COMM – Get Rating) SVP Farid Firouzbakht acquired 10,000 shares of the firm’s stock in a transaction dated Wednesday, May 11th. The shares were acquired at an average price of $6.97 per share, with a total value of $69,700.00. Following the acquisition, the senior vice president now owns 149,824 shares in the company, valued at approximately $1,044,273.28. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
NASDAQ:COMM opened at $6.62 on Friday. CommScope Holding Company, Inc. has a fifty-two week low of $5.94 and a fifty-two week high of $22.18. The firm’s 50 day moving average is $7.19 and its two-hundred day moving average is $9.13. The company has a market cap of $1.37 billion, a P/E ratio of -2.41, a P/E/G ratio of 0.19 and a beta of 1.69.
CommScope (NASDAQ:COMM – Get Rating) last released its quarterly earnings results on Thursday, May 5th. The communications equipment provider reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.11. The business had revenue of $2.23 billion during the quarter, compared to analyst estimates of $2.07 billion. CommScope had a negative net margin of 5.78% and a negative return on equity of 235.45%. The business’s revenue was up 7.6% on a year-over-year basis. During the same period last year, the business earned $0.27 EPS. As a group, research analysts anticipate that CommScope Holding Company, Inc. will post 1.32 earnings per share for the current year.
Several institutional investors have recently bought and sold shares of the company. Counterpoint Mutual Funds LLC bought a new stake in CommScope in the 4th quarter valued at about $28,000. Neo Ivy Capital Management acquired a new position in shares of CommScope in the 4th quarter worth approximately $35,000. O Shaughnessy Asset Management LLC purchased a new position in shares of CommScope in the third quarter worth approximately $40,000. Acadian Asset Management LLC purchased a new position in shares of CommScope in the first quarter worth approximately $51,000. Finally, National Bank of Canada FI boosted its holdings in shares of CommScope by 25.9% during the first quarter. National Bank of Canada FI now owns 7,082 shares of the communications equipment provider’s stock worth $56,000 after purchasing an additional 1,455 shares during the period. Institutional investors own 92.71% of the company’s stock.
About CommScope (Get Rating)
CommScope Holding Company, Inc provides infrastructure solutions for communications and entertainment networks. It operates through four segments: Broadband Networks (Broadband), Outdoor Wireless Networks (OWN), Venue and Campus Networks (VCN), and Home Networks (Home). The Broadband segment provides converged cable access platforms, passive optical networking products, video systems, access technologies, fiber and coaxial cables, fiber and copper connectivity products, and hardened closures to the telco and cable provider broadband market.
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