EVP & CFO Pease Alexander W acquired 40,000 shares in CommScope Holding Company, Inc. (NASDAQ:COMM) for $63,396 in transaction occurred on 2018/11/15. After making this transaction, the EVP & CFO owns a direct stake of 748,000 shares, worth $1,109,430, as per the last closing price. On 2018/11/14 Wyatt Frank B Ii, SVP, General Counsel & Sec at COMM, purchased 7,500 shares at an average price of $18.8 per share. The new stake is valued at $1,397,900.
Separately, it had been reported that some other COMM insiders also took part of the insider trading activity. Director, Watts Claudius E. Iv had invested in 25,000 shares for $66,335 through a trade on 2018/11/13. Following this activity, the insider holds 475,000 shares worth $1,160,863 as of recent close. Wall Street’s most bullish CommScope Holding Company, Inc. (NASDAQ:COMM) analysts are predicting the share price to blow past $31 per share during the next 12 months. The current median share price forecast by them is $25.5, suggesting that the stock could increase 45.71% in that time frame. The average price target of $25.54 calls for a nearly 45.94% increase in the stock price.
CommScope Holding Company, Inc. (COMM) trading activity significantly weakened as the volume at ready counter decreased to 3,007,128 shares versus 5,022,850 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 2,000,288 shares. The share price dropped -1.02% in recent trade and currently has a stock-market value of $3.36B. The shares finished at $17.5, after trading as low as $17.2 earlier in the session. It hit an intraday high Thursday at $17.68. The stock is now 1.33% above against its bear-market low of $17.27 on December 06, 2018. It has retreated -137.71% since it’s 52-week high of $41.6 reached in April. Now the market price is down -51.8% on the year and down -53.74% YTD.
COMM’s 50 day simple moving average (SMA 50) price is $23.24 and its 200-day simple moving average (SMA 200) price is $30.72. The company’s stock currently has a total float of 189.02M shares. Its weekly volatility is hovering around 3.14% and felt 4.01% volatility in price over a month. On the upside, the share price will test short term resistance at around $17.72. On a downside, the stock is likely to find some support, which begins at $17.24. The failure to get near-term support could push it to $16.98.
It had seen a positive analyst call from Jefferies, which upgraded the stock from Hold to Buy on November 26. Analysts at Raymond James, shed their negative views on November 08 by lifting it fromMkt Perform to Outperform. The stock lost favor of Goldman analysts who expressed their lack of confidence in it using a downgrade from Buy to Neutral on October 09.
When looking at valuations, CommScope Holding Company, Inc. (COMM) has a cheap P/E of 14.26x as compared to industry average of 17.33x. Moreover, it trades for 8.23 times the next 12 months of expected earnings. Also, it is trading at rather expensive levels at just over 1.92x price/book and 0.73x price/sales. Compared to others, CommScope Holding Company, Inc. is in a different league with regards to profitability, having net margins of 4.7%. To put some perspective around this, the industry’s average net margin is 5.34%. COMM’s ROE is 12.7%, which is also considerably better than the industry’s ROE of 8.18%. It’s also very liquid in the near term, with a current ratio of 2.4. The stock has a debt/capital of 0.
Shares of CommScope Holding Company, Inc. (COMM) have dropped -27.8% since the company’s last earnings report. Over the past 12 fiscal quarters, CommScope Holding Company, Inc. (NASDAQ:COMM) has topped consensus earnings estimates in 8 quarters (66%), missed earnings in 4 quarters (33%), whereas at 0 occasion EPS met analyst expectations. COMM last reported earnings on November 08, 2018 when it released Sep-18 results that receded expectations. The company raked in $0.59 per share, -94.39% change on the same period last year. That was worse than consensus for $0.66. Revenue for the recent quarter stood at $1.15 billion, up 2% on last year and below the $1.22 billion predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $1.04 billion to $1.05 billion, which should be compared with $1.19 billion generated last year. EPS is seen in a range of $0.36 to $0.4, against the $0.66 reported a year ago.