CommScope (NASDAQ:COMM – Get Free Report) will be releasing its earnings data before the market opens on Thursday, May 9th. Analysts expect CommScope to post earnings of ($0.21) per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.
CommScope (NASDAQ:COMM – Get Free Report) last announced its quarterly earnings results on Thursday, February 29th. The communications equipment provider reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.09). The company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.53 billion. CommScope had a negative return on equity of 7.18% and a negative net margin of 21.64%. On average, analysts expect CommScope to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
CommScope Price Performance
Shares of COMM opened at $0.92 on Tuesday. The company has a market cap of $196.22 million, a P/E ratio of -0.13 and a beta of 2.02. CommScope has a 12 month low of $0.86 and a 12 month high of $6.65. The stock has a fifty day moving average price of $1.20 and a 200 day moving average price of $1.83.
Wall Street Analyst Weigh In
Read Our Latest Research Report on COMM
Insider Transactions at CommScope
In other CommScope news, Director L William Krause acquired 57,300 shares of the stock in a transaction dated Tuesday, March 12th. The shares were bought at an average price of $1.59 per share, with a total value of $91,107.00. Following the purchase, the director now directly owns 227,873 shares of the company’s stock, valued at approximately $362,318.07. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 1.80% of the company’s stock.
About CommScope
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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