COMM Stock Summary and Trading Ideas (Commscope Hldg Co | NASDAQ:COMM)

CommScope Holding Co Inc is a provider of infrastructure solutions for communication, data center and entertainment networks. The company provides solutions for wired and wireless networks to enable service providers, including cable, telephone, data center and digital broadcast satellite operators and media programmers, to deliver media, voice, Internet Protocol (IP) data services and Wi-Fi to their subscribers and allow enterprises to experience constant wireless and wired connectivity across complex and varied networking environments. They have operating segments, which excludes our Home segment: Connectivity and Cable Solutions (CCS), Outdoor Wireless Networks (OWN), Networking, Intelligent Cellular and Security Solutions (NICS) and Access Network Solutions (ANS).

Commscope Hldg Co trades on the NASDAQ stock market under the symbol COMM.

As of April 15, 2024, COMM stock price declined to $1.00 with 2,474,345 million shares trading.

COMM has a beta of -0.41, meaning it tends to be less sensitive to market movements. COMM has a correlation of 0.00 to the broad based SPY ETF.

COMM has a market cap of $212.06 million. This is considered a Small Cap stock.

Last quarter Commscope Hldg Co reported $1 billion in Revenue and -$.02 earnings per share. This fell short of revenue expectation by $-314 million and missed earnings estimates by -$.07.

In the last 3 years, COMM stock traded as high as $22.18 and as low as $.89.

The top ETF exchange traded funds that COMM belongs to (by Net Assets): FDN, VTI, IWM, VGT, FNDA.

COMM has underperformed the market in the last year with a price return of -81.9% while the SPY ETF gained +25.3%. COMM has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -59.5% and -23.7%, respectively, while the SPY returned +6.2% and -3.6%, respectively.

COMM support price is $1.01 and resistance is $1.13 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that COMM stock will trade within this expected range on the day.