COMM - Shares of CommScope Holding Company Inc. (COMM) Rise Above Previous 52-Week High
Shares of CommScope Holding Company Inc. (NASDAQ:COMM) traded at a new 52-week high today of $21.00. So far today approximately 216,000 shares have been exchanged, as compared to an average 30-day volume of 2.7 million shares.
CommScope Holding Company Inc. has overhead space with shares priced $20.82, or 10.9% below the average consensus analyst price target of $23.36.
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.
Over the past year, CommScope Holding Company Inc. has traded in a range of $7.56 to $21.00 and is now at $20.82, 175% above that low.
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