COMM - CommScope Holding Company Inc. Looks to Continue to Trade Above its Annual-High Share Price Today
CommScope Holding Company Inc. (NASDAQ:COMM) traded today at a new 52-week high of $17.60. This new high was reached on below average trading volume as 543,000 shares traded hands, while the average 30-day volume is approximately 2.7 million shares.
CommScope Holding Co Inc provides infrastructure services for communications networks. It helps customers increase bandwidth, maximize existing capacity, improve network performance and availability, and simplify technology migration. Its product portfolio consists of products and services such as wired and wireless systems, cables, broadband devices, distribution and transmission equipment, and WiFi devices used by network services providers. The company organizes itself into five segments based on the product type: connectivity solutions, mobility solutions, customer premises equipment, network & cloud, and Ruckus Networks. The connectivity and customer premises equipment segments together generate majority of the revenue, and roughly half of the revenue is earned in United States.
CommScope Holding Company Inc. (NASDAQ:COMM) defies analysts with a current price ($17.52) 12.3% above its average consensus price target of $15.36.
Over the past year, CommScope Holding Company Inc. has traded in a range of $7.56 to $17.60 and is now at $17.52, 132% above that low.
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