CommScope Holding Company Inc (COMM) Looks Set To Grow At A Great Clip In 2024

CommScope Holding Company Inc (NASDAQ:COMM) has a beta value of 2.02 and has seen 3.25 million shares traded in the last trading session. The company, currently valued at $198.66M, closed the last trade at $0.94 per share which meant it gained $0.03 on the day or 2.32% during that session. The COMM stock price is -606.38% off its 52-week high price of $6.64 and 8.51% above the 52-week low of $0.86. The 3-month trading volume is 3.16 million shares.

CommScope Holding Company Inc (NASDAQ:COMM) trade information

Sporting 2.32% in the green in last session, the stock has traded in the green over the last five days, when the COMM stock price touched $0.94 or saw a rise of 12.96%. Year-to-date, CommScope Holding Company Inc shares have moved -66.81%, while the 5-day performance has seen it change 1.41%. Over the past 30 days, the shares of CommScope Holding Company Inc (NASDAQ:COMM) have changed -26.31%.

CommScope Holding Company Inc (COMM) estimates and forecasts

Figures show that CommScope Holding Company Inc shares have underperformed across the wider relevant industry. The company’s shares have lost -60.68% over the past 6 months, with this year growth rate of -126.56%, compared to 16.70% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are -165.70% and -184.20% for the next quarter. Revenue growth from the last financial year stood is estimated to be -18.70%.

8 analysts offering their estimates for the company have set an average revenue estimate of $1.07 billion for the current quarter. 8 have an estimated revenue figure of $1.13 billion for the next quarter concluding in Jun 2024.

COMM Dividends

CommScope Holding Company Inc is expected to release its next earnings report in May this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.