CommScope(COMM)

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CommScope(COMM) - 2024 Q2 - Quarterly Results
2024-08-08 10:39
Exhibit 99.1 COMMSCOPE® News Release CommScope Reports Second Quarter 2024 Results Second Quarter Highlights • Consolidated net sales of $1.39 billion • Core net sales of $1.05 billion* • GAAP income from continuing operations of $74.8 million • Consolidated non-GAAP adjusted EBITDA of $302.1 million (1) • Core non-GAAP adjusted EBITDA of $201.1 million* (1) • Cash flow generated by operations of $50.8 million and non-GAAP adjusted free cash flow of $68.7 million (1) * Core financial measures exclude the re ...
CommScope(COMM) - 2024 Q2 - Quarterly Report
2024-08-07 21:45
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Securities registered pursuant to Section 12(b) of the Act: 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 June 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 as sp ...
Insights Into CommScope (COMM) Q2: Wall Street Projections for Key Metrics
ZACKS· 2024-08-07 14:20
Wall Street analysts expect CommScope (COMM) to post quarterly earnings of $0.37 per share in its upcoming report, which indicates a year-over-year increase of 94.7%. Revenues are expected to be $1.39 billion, down 27.5% from the year-ago quarter. Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 662.5% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period. Prior to a company's earnin ...
CommScope (COMM) Is Attractively Priced Despite Fast-paced Momentum
ZACKS· 2024-08-02 13:51
Momentum investing is essentially the opposite of the tried-and-tested Wall Street adage -- "buy low and sell high." Investors following this investing style typically avoid betting on cheap stocks and waiting long for them to recover. They believe instead that one could make far more money in lesser time by "buying high and selling higher." Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth p ...
CommScope (COMM) Reports Mixed Preliminary Q2 Results
ZACKS· 2024-07-30 18:25
CommScope Holding Company, Inc. (COMM) recently released preliminary second-quarter 2024 results, offering a glimpse of its business performance amid a challenging macroeconomic landscape. The company is scheduled to release its second-quarter results on Aug 8, 2024. For the June quarter, management anticipates GAAP income from continuing operations to be around $75 million. The company's non-GAAP adjusted EBITDA is expected to be $302 million, driven by the CommScope NEXT initiative and reduced fixed costs ...
Why CommScope Stock Blasted 21% Higher on Monday
The Motley Fool· 2024-07-29 23:04
The company looks like it will post an investor-pleasing set of quarterly results in early August. For its second quarter, CommScope is estimating that net sales will come in at $1.39 billion, with income from continuing operations landing at $75 million. Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) are projected to be $302 million. The company did not provide any net income figures. In the news release unveiling the preliminary results, CommScope quoted CEO Chuck Treadw ...
CommScope (COMM) Upgraded to Buy: Here's What You Should Know
ZACKS· 2024-07-25 17:00
As empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, tracking such revisions for making an investment decision could be truly rewarding. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions. The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Z ...
CommScope (COMM) Aims to Divest Business for Core Focus
ZACKS· 2024-07-19 16:55
Telephone and Data Systems, Inc. (TDS) , sporting a Zacks Rank of 1, provides wireless products and services, cable and wireline broadband, TV and voice services to approximately 6 million customers in Chicago. Shares of CommScope have lost 65.1% over the past year compared with the industry's decline of 47.8%. CommScope's DAS business is part of its Networking, Intelligent Cellular & Security Solutions segment, which also makes and sells RUCKUS Wi-Fi, small cell and private wireless solutions to support se ...
Zacks Industry Outlook CommScope Holding and DZS
ZACKS· 2024-07-19 09:46
For Immediate Release Chicago, IL – July 19, 2024 – Today, Zacks Equity Research discusses CommScope Holding Company, Inc. (COMM) and DZS Inc. (DZSI) Industry: Communication Infrastructure Link: https://www.zacks.com/commentary/2304111/2-communication-stocks-likely-to-transcend-industrygloom The Zacks Communication - Infrastructure industry appears to be weighed down by escalating capital expenditures for infrastructure upgrades, unpredictable raw material prices owing to Middle East tensions, supply-chain ...
2 Communication Stocks Likely to Transcend Industry Gloom
ZACKS· 2024-07-18 13:16
The Zacks Communication - Infrastructure industry appears to be weighed down by escalating capital expenditures for infrastructure upgrades, unpredictable raw material prices owing to Middle East tensions, supply-chain disruptions albeit at a decreasing rate and high customer inventory levels. However, the industry should benefit in the long run from an increasing user propensity to stay abreast of the latest digital innovations. Industry Description What's Shaping the Future of the Communication - Infrastr ...