CommScope Holding Company Inc. [COMM] gain 16.58% so far this year. What now?

CommScope Holding Company Inc. [NASDAQ: COMM] closed the trading session at $12.87. The company report on October 27, 2022 that Mediacom Communications Selects CommScope as a Primary Vendor for Migration to DAA.

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Mediacom will be deploying CommScope’s RD2322 RxD as Remote MACPHY Device in an OM4120 Optical Node with high-split operation, enabling next phase of Gigabit services for subscribers.

CommScope (NASDAQ: COMM) announced today that it has entered into an agreement with Mediacom Communications to power its network migration to a Distributed Access Architecture (DAA) based on Remote MACPHY. The announcement builds on the companies’ successful partnership trialing the CommScope Remote PHY solution—including E6000 CCAP Core, OM6000 node, Remote PHY Device (RPD), and Video Unified Edge (VUE)—as a part of a complete end-to-end system of CommScope DAA solutions in Mediacom’s milestone 10G Smart Home field trial in Ames, Iowa. The migration to the next-generation RD2322 RxD operating as a Remote MACPHY Device (RMD) in the OM4120 Optical Node, configured with high-split (204 MHz) upstream, shows CommScope’s ability to support Mediacom’s desired services in multiple DAAs.

The stocks have a year to date performance of 16.58 percent and weekly performance of -4.17 percent. The stock has been moved at 96.79 percent over the last six months. The stock has performed 14.91 percent around the most recent 30 days and changed 30.93 percent over the most recent 3-months.

If compared to the average trading volume of 2.91M shares, COMM reached to a volume of 4224327 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about CommScope Holding Company Inc. [COMM]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for COMM shares is $11.70 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on COMM stock is a recommendation set at 2.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Credit Suisse have made an estimate for CommScope Holding Company Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on October 04, 2022. While these analysts kept the previous recommendation, Morgan Stanley dropped their target price from $9 to $11. The new note on the price target was released on August 05, 2022, representing the official price target for CommScope Holding Company Inc. stock. On April 01, 2022, analysts decreased their price target for COMM shares from 18 to 9.

The Average True Range (ATR) for CommScope Holding Company Inc. is set at 0.68, with the Price to Sales ratio for COMM stock in the period of the last 12 months amounting to 0.29.

COMM stock trade performance evaluation

CommScope Holding Company Inc. [COMM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.17. With this latest performance, COMM shares gained by 14.91% in over the last four-week period, additionally plugging by 96.79% over the last 6 months – not to mention a rise of 14.30% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for COMM stock in for the last two-week period is set at 59.44, with the RSI for the last a single of trading hit 58.73, and the three-weeks RSI is set at 59.10 for CommScope Holding Company Inc. [COMM]. The present Moving Average for the last 50 days of trading for this stock 11.53, while it was recorded at 13.10 for the last single week of trading, and 8.85 for the last 200 days.

CommScope Holding Company Inc. [COMM]: An insightful look at the core fundamentals

CommScope Holding Company Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.00 and a Current Ratio set at 1.70.

Earnings per share (EPS) analysis for CommScope Holding Company Inc. [COMM] stock

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for COMM. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for CommScope Holding Company Inc. go to 23.90%.

CommScope Holding Company Inc. [COMM]: Insider Ownership positions

There are presently around $2,464 million, or 93.80% of COMM stock, in the hands of institutional investors. The top three institutional holders of COMM stocks are: VANGUARD GROUP INC with ownership of 28,843,057, which is approximately 6.816% of the company’s market cap and around 2.80% of the total institutional ownership; FPR PARTNERS LLC, holding 20,323,018 shares of the stock with an approximate value of $261.56 million in COMM stocks shares; and BLACKROCK INC., currently with $201.97 million in COMM stock with ownership of nearly 10.791% of the company’s market capitalization.

122 institutional holders increased their position in CommScope Holding Company Inc. [NASDAQ:COMM] by around 28,965,656 shares. Additionally, 123 investors decreased positions by around 27,594,411 shares, while 37 investors held positions by with 134,904,278 shares. The mentioned changes placed institutional holdings at 191,464,345 shares, according to the latest SEC report filing. COMM stock had 39 new institutional investments in for a total of 9,647,926 shares, while 45 institutional investors sold positions of 6,441,444 shares during the same period.


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