CommScope stock: buy or sell?
November 15th, 2019
CommScope Holding Company, Inc. provides infrastructure solutions for communications networks worldwide. The company's CommScope Connectivity Solutions segment offers optical fiber and twisted pair structured cable solutions, intelligent infrastructure software, and network rack and cabinet enclosures under the SYSTIMAX, NETCONNECT, and Uniprise brands; and fiber management systems, patch cords and panels, pre-terminated fiber connectivity, complete cabling systems, and cable assemblies for use in offices and data centers.
Should I buy CommScope stock?You can't be a successful trader if you don't follow a methodolgy or system that assist you in choosing companies and the correct market timing. Following a trading plan helps to make decisions easier, quicker and with less hesitations. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.
Currently, CommScope stock doesn't match any of these trading strategies, so our recommendation is not to buy.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is CommScope stock a buy?
Banks and financial institutions publish stock ratings everyday.At Stocks2.com, we collected 15 ratings published for COMM stock in the last 30 days. The general sentiment of these ratings is bullish for COMM stock, with 10 positive ratings.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-8-9||Jefferies Financial Group||n/a||Buy|
|2019-8-9||Credit Suisse Group||n/a||Outperform|
|2019-8-9||Bank of America||n/a||Neutral|
|2019-8-9||Bank of America||n/a||Neutral|
|2019-7-23||Credit Suisse Group||n/a||Outperform|
|2019-6-5||Morgan Stanley||Equal Weight||Overweight|
|2019-6-20||Goldman Sachs Group||Neutral||Buy|
|2019-4-22||JPMorgan Chase & Co.||Neutral||Overweight|
CommScope stock analysis
CommScope jumped a more than good 2.26% and closed at $14.95.
CommScope jumped a more than good 2.26% and closed at $14.95. From a daily outlook perspective, COMM is drawing an uptrend of rising tops and rising bottoms. Since its last top on Nov 8th at $15.79, price slid and bounced up back from $14.55. Breaking down under $14.55 would cancel the current uptrend and it might slide further to test lower supports. Note that $15.79 might act as a resistance line. Trading the long side, we should wait to a new breakout over $15.79 to find the next buy point. Since November/7 when COMM stock price broke up the SMA100d line, it gained $3.20 (27.23%).
After boosting an amazing 27.96% in a week last week, CommScope closed this week at $14.95 and plummed a horrible -4.78%.
CommScope stock is drawing an uptrend with rising tops and bottoms. Now trading in between its last bottom and last top, COMM might consolidate in a flat-base, waiting to break out over or down under . Since early May, when COMM stock price broke down the 40-weeks moving avarage line, it slid $-9.30 per share (-38.35%). Trading stocks that are below the 40-weeks (that is, 200-days) moving average mark is not recommended by many experts, as it indicates that the stock has not enough institutional support.
CommScope stock price history
CommScope stock went public on October 25th, 2013 with a price of $15.001. Since then, COMM stock sliced a -0.30%, with a yearly average of -0.10%.
1: Adjusted price after possible price splits or reverse-splits.
CommScope stock historical price chart
COMM stock reached 52-week highs on April at $27.00, and all-time highs 2017-05-01 with a price of 42.75.
CommScope stock price target is $20.00How much a stock will be priced tomorrow or next week is quite unpredictable However, banks and other financial institutions analysts, with the help of lots of data and algorithms do their best to predict the stock prices movement. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. For the last 30 days we found 13 price forecasts for COMM stock:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-8-9||Jefferies Financial Group||Lowers Target||$28.50||$16.00||-43.9%|
|2019-8-9||Credit Suisse Group||Lowers Target||$27.00||$23.00||-14.8%|
|2019-8-9||Bank of America||Reiterates||$26.00||$16.00||-38.5%|
|2019-8-9||Bank of America||Lowers Target||$26.00||$16.00||-38.5%|
|2019-7-23||Credit Suisse Group||Lowers Target||$30.00||$27.00||-10%|
|2019-6-20||Goldman Sachs Group||Upgrades||$20.00||$19.00||-5%|
Financials and fundamental analysis
Earnings date and Earnings per ShareAfter presenting its last earnings report on April, CommScope . As soon as we get its posted EPS from the earnings report, we will extend this review.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsIn 2018, CommScope annual revenues stayed constant a neutral 0.17% to $4,568.51 M dollars from $4,560.58 marked in 2017. When comparing 2018 vs 2017, aligned with this, profit margin (that is, the net income divided by revenues) declined a -1.18% to 3.07%. To have an updated picture of the financial situation of CommScope, we have calculated the trailing twelve month (TTM) sales and income figures. TTM values are the sum of the last 4 quarters and aproximate to an annual fiscal report ending in 2019-Q1 that can be compared to 2018 fiscal year results. Annual CommScope TTM sales up to were $3,448.00 and earnings were $106.48 million dollars. When comparing this TTM figures with the last reported annuality, we can review CommScope business evolution since December 2018: Annual revenues up to , compared to lastest yearly report, collapsed a dreadful -24.53%. Regarding profit margin, CommScope remained steady 0.02% to 3.07%
|2013||$3,480 M||-||$19 M0.6%||-|
|2014||$3,830 M||10.05%||$237 M6.2%||1,120.47%|
|2015||$3,808 M||-0.57%||$-70.88 M-1.9%||-129.93%|
|2016||$4,924 M||29.30%||$223 M4.5%||-414.41%|
|2017||$4,561 M||-7.37%||$194 M4.2%||-13.05%|
|2018||$4,569 M||0.17%||$140 M3.1%||-27.64%|
|TTM||$3,448 M||-24.53%||$106 M3.1%||-24.06%|
Quarterly financial resultsCommScope posted M in revenues for 2019-Q1, a -100.00% less compared to previous quarter. Reported quarter earnings marked million with a profit margin of . Profit margin remained steady a 0.00% compared to previous quarter when profit margin was -2.20%. When comparing sales to same quarter last year, CommScope sales marked a scary slide and plunged a -100.00%. Looking back to recent quarterly results, CommScope posted 3 positive quarters in a row.
|2017-Q1||$1,140 M||-||$34 M2.9%||-|
|2017-Q2||$1,170 M||2.63%||$55 M4.7%||65.26%|
|2017-Q3||$1,129 M||-3.52%||$51 M4.5%||-7.76%|
|2017-Q4||$1,120 M||-0.74%||$54 M4.8%||4.74%|
|2018-Q1||$1,121 M||0.01%||$34 M3.0%||-37.04%|
|2018-Q2||$1,240 M||10.65%||$66 M5.3%||95.41%|
|2018-Q3||$1,150 M||-7.21%||$64 M5.5%||-3.15%|
|2018-Q4||$1,058 M||-8.06%||$-23 M-2.2%||-136.47%|
CommScope ownershipWhen you are planning to invest in shares of a stock, it's worth to have a look its ownership structure.
CommScope shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 1.67% of all shares.
Bearish positions for COMM stock account 0.00%, no big difference from last month.
For a better understanding, the following table shows ownership data compared to other related companies:
|Market cap||$2.9 B||$30.3 B||$2.4 B||$45.2 B||$30.2 B|
|Total shares||194.1 M||296.5 M||45.5 M||615.1 M||3,310.0 M|
|Float shares||159.2 M||294.9 M||44.8 M||613.2 M||2,810.0 M|
|- Institutional holdings (%)||99.8%||99.0%||121.7%||74.2%||221.9%|
|- Insider holdings (%)||1.7%||0.4%||1.9%||0.6%||0.0%|
|Shares in short selling||0.0%||0.0%||0.0%||0.0%||0.0%|
|Friday, November 15th, 2019|
|Day range||$14.80 - $15.21|
|Average true range||$0.81|
|50d mov avg||$12.25|
|100d mov avg||$12.73|
|200d mov avg||$16.93|
CommScope performancePerformance as an absolute value is never valid if it's not benchmarked against competitors or related stocks in the industry. In the following table, we compare CommScope to Amphenol, Belden, Emerson Electric, , Corning, TE Connectivity and Westell Technologies: