CommScope (COMM)

We reinstate our Equal-Weight on the shares of CommScope (COMM; $5.20), after today’s 25% decline in the stock, which seemed to reflect concerns tied to news that negotiations with one group of creditors had ceased…

This morning, CommScope’s (COMM; $3.90; NR) RUCKUS Networks business unit and Nokia (NOK; $4.39; NR) announced the introduction of a new Wi-Fi and fiber connectivity solution to enable a range of what should be increasingly…

CommScope’s (COMM; $2.79; NR) Q2 results and outlook “filled in a number of the blanks” to the company’s recent positive pre-announcement (“Pre-Announces Big Q2 Upside”; 7/29). To that end, COMM total company sales and non-GAAP…

This morning, CommScope (COMM; $2.20; NR) positively pre-announced Q2 sales and non-GAAP EBITDA. Specifically, the company disclosed preliminary Q2E sales and EBITDA of $1.39B (+19% QoQ) and $302mm (21.7% of sales), which is significantly ahead…

This morning, CommScope (COMM; $1.85; NR) announced plans to divest its Outdoor Wireless Networks (OWN) business as well as its Distributed Antenna Systems (DAS) portfolio that sits within its Networking, Intelligent Cellular and Security offering,…

Yesterday, CommScope (COMM; $1.49) announced that it was selected as the “highest and best bidder” to acquire Casa Systems’ (CASSQ; $0.0064; NR) Cable Business assets for $45mm. A sale hearing is scheduled for Tuesday (6/4)…

We are suspending our investment opinion on the shares of CommScope (COMM; $1.19) since a looming $1.3B debt maturity in June of 2025E has still yet to be resolved, as part of its highly leveraged…

CommScope (COMM; $1.05; E/W) reported Q1 non-GAAP EPS losses of ($0.08), which were better than our ($0.19) and the Street’s ($0.22). Sales were $1,168mm, which was ahead of our $1,063mm and the Street’s $1,067mm, contributing…

We reduce our 2024E EBITDA for CommScope (COMM; $1.27; E/W) from $1.08B to $650mm as management warned on further weakness across its business to start the new year after posting “core” Q4 EBITDA (ex-Home Networks)…

CommScope’s (COMM; $1.59; E/W) Q3 results and outlook “filled in the blanks” to its recent, badly timed negative pre-announcement, which was not overly surprising after prior news flow (“Another Major Disappointment”; 10/30). Specifically, COMM’s “core”…

CommScope (COMM; $1.57; E/W) reported Q3 non-GAAP EPS of $0.13, which was lower than our $0.17 and the Street’s $0.19. Sales of $1,600mm were as expected, as per its negative pre-announcement late last month (“Another…

This morning, CommScope (COMM; $1.41; E/W) negatively pre-announced Q3 results and warned on its Q4E outlook. Specifically, COMM now expects Q3E sales of $1.60B (-17% QoQ and -33% YoY) and $249mm (15.6% of sales), which…

This morning, Vantiva (VANTI.FR; €0.18; NR) announced it reached an agreement with CommScope (COMM; $3.45; E/W) to purchase its Home Networks business in exchange for: (1) a 25% stake in Vantiva on a fully dilutive…

We are reducing our rating on the shares of CommScope (COMM; $3.26) from Outperform to Equal-Weight after a much bigger Q2 “miss and lower” than we expected with our recent estimate cuts (“Reducing Estimates Ahead…

CommScope (COMM; $4.42; O/P) reported Q2 non-GAAP EPS of $0.19, which badly missed our consensus matching $0.37. Sales were $1,918mm, below our $2,013mm and the Street’s $2,029mm, which led to disappointing operating profits and margins…