CommScope Sees Unusually Large Options Volume (NASDAQ:COMM)

CommScope Holding Company, Inc. (NASDAQ:COMM) was the recipient of some unusual options trading activity on Wednesday. Stock traders acquired 8,276 call options on the stock. This is an increase of 235% compared to the average volume of 2,472 call options.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on COMM. Morgan Stanley cut CommScope from an “equal weight” rating to an “underweight” rating and set a $5.00 price target for the company. in a report on Tuesday, December 17th. JPMorgan Chase & Co. raised shares of CommScope from an “underweight” rating to a “neutral” rating and set a $5.00 target price for the company in a research report on Tuesday, January 14th. Finally, Raymond James lowered shares of CommScope from a “market perform” rating to an “underperform” rating in a research report on Monday, January 6th. Three equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $3.00.

Institutional Investors Weigh In On CommScope

A number of hedge funds and other institutional investors have recently bought and sold shares of COMM. Future Financial Wealth Managment LLC acquired a new position in CommScope during the 3rd quarter worth about $31,000. National Bank of Canada FI raised its position in shares of CommScope by 109.1% during the third quarter. National Bank of Canada FI now owns 5,475 shares of the communications equipment provider’s stock worth $33,000 after acquiring an additional 2,857 shares during the last quarter. Quarry LP lifted its stake in shares of CommScope by 1,005.4% in the third quarter. Quarry LP now owns 8,114 shares of the communications equipment provider’s stock worth $50,000 after acquiring an additional 7,380 shares during the period. Ballentine Partners LLC bought a new stake in shares of CommScope in the 4th quarter valued at $58,000. Finally, Belvedere Trading LLC acquired a new stake in CommScope during the 3rd quarter worth about $68,000. Institutional investors own 88.04% of the company’s stock.

CommScope Stock Up 1.4 %

Shares of COMM stock traded up $0.07 during trading hours on Friday, reaching $5.05. The company’s stock had a trading volume of 4,680,473 shares, compared to its average volume of 4,325,273. CommScope has a fifty-two week low of $0.86 and a fifty-two week high of $7.19. The firm’s 50 day simple moving average is $5.33 and its 200-day simple moving average is $4.84. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of -1.14, a PEG ratio of 0.56 and a beta of 1.92.

CommScope (NASDAQ:COMM) last released its earnings results on Thursday, November 7th. The communications equipment provider reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.38). CommScope had a negative net margin of 18.10% and a negative return on equity of 1.01%. The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter in the prior year, the firm earned $0.10 EPS. The business’s revenue was up 2.7% on a year-over-year basis. Sell-side analysts predict that CommScope will post -0.85 earnings per share for the current year.

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.