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CommScope: Refi Is Yet Another Temporary Fix, Reiterate Hold
Seeking Alpha· 2024-12-20 13:00
The last time I covered CommScope Holding Company (NASDAQ: COMM ), the stock was just recovering from its all-time lows, at around $1.73. I recommended a Hold , assuming that things would get worse andI have been a keen student of the markets for several years now. I love studying how companies grow over time, what value they deliver to their stakeholders, and projecting long-term value as an investment opportunity. I work as a content professional for a software company, but my passion is capital markets.A ...
CommScope's Q3 Earnings Lag Estimates on Lower Revenues
ZACKS· 2024-11-08 16:20
CommScope Holding Company, Inc. (COMM) reported soft third-quarter 2024 results, wherein both the adjusted earnings and revenues fell short of the respective Zacks Consensus Estimate.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. The company reported a top-line expansion year over year, backed by improved sales in the Connectivity and Cable Solutions (CCS) segment. However, lower capital spending from customers, inventory adjustments, macroeconomic challenges and weak demand in se ...
CommScope(COMM) - 2024 Q3 - Earnings Call Transcript
2024-11-07 18:46
CommScope Holding Company, Inc. (NASDAQ:COMM) Q3 2024 Earnings Conference Call November 7, 2024 8:30 AM ET Company Participants Massimo DiSabato - VP, IR Chuck Treadway - President and CEO Kyle Lorentzen - EVP and CFO Conference Call Participants Meta Marshall - Morgan Stanley Simon Leopold - Raymond James Amit Daryanani - Evercore Samik Chatterjee - JPMorgan Steven Fox - Fox Advisors Tim Savageaux - Northland Capital Markets Operator Welcome to CommScope's 2024 Third Quarter Results Conference Call. [Opera ...
CommScope (COMM) Reports Q3 Earnings: What Key Metrics Have to Say
ZACKS· 2024-11-07 15:36
For the quarter ended September 2024, CommScope (COMM) reported revenue of $1.08 billion, down 32.3% over the same period last year. EPS came in at -$0.05, compared to $0.13 in the year-ago quarter.The reported revenue represents a surprise of -24.05% over the Zacks Consensus Estimate of $1.42 billion. With the consensus EPS estimate being $0.33, the EPS surprise was -115.15%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Stre ...
CommScope (COMM) Reports Q3 Loss, Lags Revenue Estimates
ZACKS· 2024-11-07 13:50
CommScope (COMM) came out with a quarterly loss of $0.05 per share versus the Zacks Consensus Estimate of $0.33. This compares to earnings of $0.13 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -115.15%. A quarter ago, it was expected that this wireless and broadband network technology company would post earnings of $0.37 per share when it actually produced earnings of $0.34, delivering a surprise of -8.11%.Over the last fou ...
CommScope(COMM) - 2024 Q3 - Quarterly Results
2024-11-07 11:34
Exhibit 99.1 COMMSCOPE® News Release CommScope Reports Third Quarter 2024 Results Third Quarter Highlights • Net sales of $1.08 billion • GAAP loss from continuing operations of $(96.7) million • Non-GAAP adjusted EBITDA of $204.2 million (1) • Core non-GAAP adjusted EBITDA of $220.4 million* (1) • Cash flow generated by operations of $122.2 million and free cash flow of $115.5 million (1) (2) * Core financial measures reflect the results of the Connectivity and Cable Solutions (CCS), Networking, Intelligen ...
CommScope(COMM) - 2024 Q3 - Quarterly Report
2024-11-06 22:40
Securities registered pursuant to Section 12(b) of the Act: UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-36146 CommScope Holding Company, Inc. (Exact name of registrant ...
Will the Deployment of AI-Driven Wi-Fi 7 at COTA Benefit COMM Stock?
ZACKS· 2024-10-24 17:51
CommScope Holding Company, Inc. (COMM) recently announced that its RUCKUS Networks has successfully deployed a cutting-edge AI-driven Wi-Fi 7 solution at the Circuit of The Americas (COTA) racetrack in Texas. This positions it as the first racetrack to utilize this solution with Automated Frequency Coordination (AFC) technology. The deployment is aimed at significantly reducing interference and enhancing network performance, setting a new standard in connectivity. What COMM Brings to the Table?The comprehen ...
COMM Unveils SYSTIMAX GigaSHIELD X10D Platform: Stock to Gain?
ZACKS· 2024-10-24 14:46
CommScope Holding Company, Inc. (COMM) recently augmented its SYSTIMAX portfolio with the launch of the SYSTIMAX GigaSHIELD X10D platform. This advanced end-to-end Cat 6A shielded solution is designed for next-generation copper networks and offers enhanced performance, sustainability and ease of installation.The GigaSHIELD X10D platform incorporates advanced technologies such as F/UTP, F/FTP, and S/FTP cables, offering optimal electromagnetic interference and radio frequency interference protection. These f ...
Will the Launch of RUCKUS Edge Platform Benefit COMM Stock?
ZACKS· 2024-10-22 15:35
CommScope Holding Company, Inc. (COMM) has expanded its AI-driven network assurance and business intelligence platform, RUCKUS One, with the launch of RUCKUS Edge, a new service delivery platform. RUCKUS Edge, built on the RUCKUS One cloud platform, utilizes the latter’s service catalog to provide a scalable and flexible solution for edge network deployment. By combining cloud orchestration with an edge appliance, this solution ensures a centralized, cloud-based control while enhancing performance and flexi ...