Commscope Target of Unusually Large Options Trading (COMM)

Commscope Holding Company Inc (NASDAQ:COMM) was the recipient of some unusual options trading activity on Thursday. Traders purchased 2,224 call options on the stock. This is an increase of 3,219% compared to the typical daily volume of 67 call options.

Several large investors have recently modified their holdings of the business. Royal Bank of Canada raised its holdings in shares of Commscope by 5.3% during the first quarter. Royal Bank of Canada now owns 35,460 shares of the communications equipment provider’s stock worth $1,418,000 after purchasing an additional 1,782 shares during the period. DnB Asset Management AS raised its holdings in shares of Commscope by 11.6% during the second quarter. DnB Asset Management AS now owns 17,262 shares of the communications equipment provider’s stock worth $504,000 after purchasing an additional 1,800 shares during the period. Janney Montgomery Scott LLC raised its holdings in shares of Commscope by 12.8% during the second quarter. Janney Montgomery Scott LLC now owns 16,944 shares of the communications equipment provider’s stock worth $495,000 after purchasing an additional 1,924 shares during the period. Guggenheim Capital LLC raised its holdings in shares of Commscope by 7.6% during the first quarter. Guggenheim Capital LLC now owns 34,883 shares of the communications equipment provider’s stock worth $1,394,000 after purchasing an additional 2,463 shares during the period. Finally, Leith Wheeler Investment Counsel Ltd. raised its holdings in shares of Commscope by 3.1% during the third quarter. Leith Wheeler Investment Counsel Ltd. now owns 99,090 shares of the communications equipment provider’s stock worth $3,048,000 after purchasing an additional 2,960 shares during the period.

COMM has been the topic of several recent analyst reports. Northland Securities set a $36.00 price target on shares of Commscope and gave the company a “buy” rating in a report on Thursday, August 2nd. Cross Research raised shares of Commscope from a “hold” rating to a “buy” rating in a report on Thursday, October 4th. ValuEngine raised shares of Commscope from a “sell” rating to a “hold” rating in a report on Tuesday, July 31st. Credit Suisse Group set a $31.00 price target on shares of Commscope and gave the company a “hold” rating in a report on Wednesday, July 18th. Finally, Jefferies Financial Group cut shares of Commscope from a “buy” rating to a “hold” rating and cut their price target for the company from $35.00 to $30.50 in a report on Monday, August 6th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company’s stock. Commscope presently has a consensus rating of “Hold” and an average target price of $33.79.

COMM opened at $19.39 on Friday. The firm has a market capitalization of $4.76 billion, a P/E ratio of 9.60, a P/E/G ratio of 1.35 and a beta of 1.23. Commscope has a 12-month low of $18.52 and a 12-month high of $41.60. The company has a debt-to-equity ratio of 2.57, a quick ratio of 2.16 and a current ratio of 2.77.

Commscope (NASDAQ:COMM) last issued its earnings results on Thursday, November 8th. The communications equipment provider reported $0.59 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.66 by ($0.07). The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.22 billion. Commscope had a return on equity of 24.14% and a net margin of 4.43%. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period last year, the company posted $0.55 earnings per share. As a group, equities research analysts anticipate that Commscope will post 2.23 EPS for the current fiscal year.

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Commscope Company Profile

CommScope Holding Company, Inc provides infrastructure solutions for communications networks worldwide. 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, NETCONNECT, and Uniprise brands; and fiber management systems, patch cords and panels, pre-terminated fiber connectivity, complete cabling systems, and cable assemblies for use in offices and data centers.

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