CommScope Holding Company, Inc. (COMM) Declines Again; Strong Momentum for Sellers

CommScope Holding Company, Inc. (NASDAQ:COMM) Logo

Investors sentiment increased to 1.07 in 2019 Q2. Its up 0.04, from 1.03 in 2019Q1. It improved, as 32 investors sold CommScope Holding Company, Inc. shares while 66 reduced holdings. 41 funds opened positions while 64 raised stakes. 173.10 million shares or 2.11% less from 176.83 million shares in 2019Q1 were reported.
26,200 are held by Fiera Cap Corp. Wellington Llp holds 11.44M shares or 0.04% of its portfolio. Carroll Fin Incorporated has 0% invested in CommScope Holding Company, Inc. (NASDAQ:COMM). Northern Tru invested in 1.13M shares. The Ohio-based Employees Retirement Sys Of Ohio has invested 0.01% in CommScope Holding Company, Inc. (NASDAQ:COMM). Campbell & Inv Adviser Limited Liability Company stated it has 39,309 shares or 0.28% of all its holdings. 910,846 are held by Bankshares Of Ny Mellon. Leuthold Limited Liability Com accumulated 16,596 shares. 739,191 are owned by Prudential. Kbc Group Nv reported 0.01% stake. Gulf Intl Bank & Trust (Uk) Ltd accumulated 0.01% or 45,100 shares. Teacher Retirement Of Texas holds 179,304 shares. Us Retail Bank De invested 0% in CommScope Holding Company, Inc. (NASDAQ:COMM). The Alabama-based Weiss Multi has invested 0.12% in CommScope Holding Company, Inc. (NASDAQ:COMM). Quantbot Technology L P stated it has 20,768 shares or 0.03% of all its holdings.

The stock of CommScope Holding Company, Inc. (NASDAQ:COMM) is a huge mover today! The stock decreased 3.05% or $0.38 during the last trading session, reaching $12.23. About 2.70M shares traded. CommScope Holding Company, Inc. (NASDAQ:COMM) has declined 53.39% since September 13, 2018 and is downtrending. It has underperformed by 53.39% the S&P500.
The move comes after 7 months negative chart setup for the $2.27B company. It was reported on Sep, 13 by Barchart.com. We have $11.25 PT which if reached, will make NASDAQ:COMM worth $181.36 million less.

Analysts await CommScope Holding Company, Inc. (NASDAQ:COMM) to report earnings on November, 14. They expect $0.39 earnings per share, down 29.09 % or $0.16 from last year’s $0.55 per share. COMM’s profit will be $72.29M for 7.84 P/E if the $0.39 EPS becomes a reality. After $0.57 actual earnings per share reported by CommScope Holding Company, Inc. for the previous quarter, Wall Street now forecasts -31.58 % negative EPS growth.

CommScope Holding Company, Inc. (NASDAQ:COMM) Ratings Coverage

Among 5 analysts covering CommScope Holding (NASDAQ:COMM), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. CommScope Holding has $34 highest and $1200 lowest target. $22’s average target is 79.89% above currents $12.23 stock price. CommScope Holding had 14 analyst reports since March 16, 2019 according to SRatingsIntel. The firm has “Strong Buy” rating by Raymond James given on Wednesday, April 3. The stock of CommScope Holding Company, Inc. (NASDAQ:COMM) earned “Neutral” rating by Bank of America on Friday, August 9. The firm has “Outperform” rating by Credit Suisse given on Tuesday, April 2. The firm earned “Buy” rating on Thursday, June 20 by Goldman Sachs. The rating was maintained by Credit Suisse on Friday, August 9 with “Outperform”.

More notable recent CommScope Holding Company, Inc. (NASDAQ:COMM) news were published by: Nasdaq.com which released: “Is the Options Market Predicting a Spike in CommScope (COMM) Stock? – Nasdaq” on August 09, 2019, also Nasdaq.com with their article: “Goldman Sachs: 7 Tech Stocks With Over 20% Upside – Nasdaq” published on September 03, 2019, Finance.Yahoo.com published: “Should You Worry About CommScope Holding Company, Inc.’s (NASDAQ:COMM) CEO Pay? – Yahoo Finance” on September 11, 2019. More interesting news about CommScope Holding Company, Inc. (NASDAQ:COMM) were released by: Nasdaq.com and their article: “After Hours Most Active for Aug 27, 2019 : ZNGA, CTL, MSFT, COMM, WMB, CSCO, SAN, BABA, AAPL, DXC, GE, INTC – Nasdaq” published on August 27, 2019 as well as Nasdaq.com‘s news article titled: “Wednesday 9/11 Insider Buying Report: MDP, COMM – Nasdaq” with publication date: September 11, 2019.

CommScope Holding Company, Inc. provides infrastructure solutions for communications networks worldwide. The company has market cap of $2.27 billion. The company'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 currently has negative earnings. 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.

CommScope Holding Company, Inc. (NASDAQ:COMM) Institutional Positions Chart

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