CommScope Holding Company Inc (NASDAQ: COMM) Gain 8.72%, Marking A Loss For Bears.

In the last trading session, 1.78 million CommScope Holding Company Inc (NASDAQ:COMM) shares changed hands as the company’s beta touched 2.09. With the company’s per share price at $2.37 changed hands at $0.19 or 8.72% during last session, the market valuation stood at $502.58M. COMM’s last price was a discount, traded about -266.67% off its 52-week high of $8.69. The share price had its 52-week low at $1.34, which suggests the last value was 43.46% up since then. When we look at CommScope Holding Company Inc’s average trading volume, we note the 10-day average is 1.73 million shares, with the 3-month average coming to 0.58.

CommScope Holding Company Inc (NASDAQ:COMM) trade information

Instantly COMM was in green as seen at the end of in last trading. With action 13.40%, the performance over the past five days has been green. The jump to weekly highs of 2.38 added 8.72% to the stock’s daily price. The company’s shares are showing year-to-date downside of -15.96%, with the 5-day performance at 13.40% in the green. However, in the 30-day time frame, CommScope Holding Company Inc (NASDAQ:COMM) is -4.05% down. Looking at the short shares, we see there were 8.92 million shares sold at short interest cover period of 4.1 days.

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CommScope Holding Company Inc (COMM) estimates and forecasts

Data shows that the CommScope Holding Company Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -36.12% over the past 6 months, a -56.02% in annual growth rate that is considerably lower than the industry average of 9.70%. Moreover, analysts have looked to lower expectations by upgrading its fiscal year 2024 revenue estimates. The rating firms predict current quarter revenue for CommScope Holding Company Inc will fall -89.80%, while the growth in revenue is estimated to hit -85.70% for the next quarter. Year-over-year growth is forecast to reach -23.80% down from the last financial year.

Consensus estimates given by 6 financial analysts project the company’s revenue in the current quarter to hit an average of $1.5 billion. 6 analysts are of the opinion that CommScope Holding Company Inc’s revenue for the quarter ending Mar 2024 will be $1.47 billion. The company’s revenue for the corresponding quarters a year ago was $2.32 billion. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -35.30%.

The 2024 estimates are for CommScope Holding Company Inc earnings to decrease by -57.04%.

COMM Dividends

CommScope Holding Company Inc is expected to release its next quarterly earnings report on February 29.

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