CommScope (COMM)

Based on some further field checks, we now think we may have been underestimating risks to our current EBITDA estimates for CommScope (COMM; $3.64; E/W) from a range of new U.S. tariffs now beginning to…

We assume that CommScope (COMM; $3.44; E/W) proves relatively less impacted, when it reports Q1 results and outlook on May 1st (before market), by a range of new U.S. tariffs beginning to impact global supply…

We are raising our 2025E EBITDA for CommScope (COMM; $6.17; E/W) from $825mm 18.5% of sales) to $1,025mm (20.4% of sales) after the company produced a healthy Q4 beat with better-than-expected guidance for the New…

CommScope (COMM; $4.89; E/W) reported Q4 non-GAAP EPS of $0.18, which was well ahead of our $0.03 and the Street’s $0.02, albeit including $0.06 per share of favorable non-operating items that were not in our…

Last night, CommScope (COMM; $5.61; E/W) announced a major refinancing that pushes out upcoming maturities while laying out a specific plan to reduce balance sheet leverage, which we think enables the company’s ongoing businesses to…

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”…