CommScope Holding Company, Inc. - COMM STOCK NEWS

CommScope (NASDAQ: COMM) reported Q3 2024 results with net sales of $1.08 billion, up 2.7% year-over-year. The company posted a GAAP loss from continuing operations of $(96.7) million, or $(0.52) per share. Core non-GAAP adjusted EBITDA reached $220.4 million, a 25% increase from the previous year. The CCS segment showed strong performance with $174 million adjusted EBITDA, up 115% year-over-year. The company generated $122.2 million in operating cash flow and ended the quarter with total liquidity of approximately $1.02 billion. CommScope has narrowed its full-year Core adjusted EBITDA guidance to $700-750 million.

CommScope (NASDAQ: COMM) has partnered with the Cleveland Cavaliers to implement 5G connectivity at Rocket Mortgage FieldHouse using their ERA® DAS (distributed antenna system). The system will cover the 152,979 square foot arena, providing enhanced mobile connectivity for fan experiences. The Chief Information Officer of the Cleveland Cavaliers highlighted that this implementation has reduced their footprint by nearly 85%. The system supports all 5G spectrum bands, including C-band, enabling various digital fan experiences from parking assistance to augmented game experiences.

Amphenol (NYSE: APH) has announced the pricing of its senior notes offering, totaling $1.5 billion across three tranches: $250 million due 2027 at 5.050%, $750 million due 2035 at 5.000%, and $500 million due 2054 at 5.375%. The 2027 Notes are an extension of existing notes issued in April 2024. The offering is expected to close on October 31, 2024. The proceeds will primarily fund the acquisition of CommScope's mobile networks businesses, specifically their Outdoor Wireless Networks and Distributed Antenna Systems divisions. The 2035 and 2054 Notes include a special mandatory redemption clause if the CommScope acquisition fails to complete.

CommScope's RUCKUS Networks has implemented an AI-driven Wi-Fi 7 solution at the Circuit of The Americas (COTA) racetrack in Austin, Texas, making it the first racetrack with this technology. The system features Automated Frequency Coordination (AFC) technology and outdoor 6 GHz at Standard Power. During a recent October event, the network supported over 36,000 connected clients, generating 39 TB of data with speeds up to 1 Gbps. The upgrade includes indoor and outdoor access points, ICX switches, virtual SmartZone controllers, and RUCKUS AI with Melissa AI-driven virtual network assistant.

CommScope (NASDAQ: COMM), a leader in network connectivity, has unveiled the SYSTIMAX® GigaSHIELD™ X10D end-to-end Cat 6A shielded platform, enhancing the SYSTIMAX 2.0 portfolio.

This platform includes F/UTP, F/FTP, and S/FTP cabling, MiNo shielded patch cords, MGS600S jacks, InstaPATCH integration, and preloaded panels supporting imVision and VisiPORT solutions. It is designed to support high-speed copper networks, particularly in light industrial and high-security environments.

Key features include:

• EMI and RFI protection
• Eco-friendly design
• Port monitoring and AIM integration
• Rapid installation with MGS600S jack and InstaPATCH assemblies
• 25-year warranty and SYSTIMAX Assurance™ program

For more details, visit CommScope's website.

CommScope (NASDAQ: COMM) has launched the RUCKUS Edge cloud-managed edge platform for service delivery. This platform extends the AI-driven RUCKUS One network assurance and business intelligence platform to the network edge, enabling rapid deployment and simplified management of various services and applications.

Key features of RUCKUS Edge include:

• Simplified deployment and management through a centralized cloud-managed platform
• Scalability and flexibility to address needs of various organization sizes
• Improved security and privacy with VXLAN-based SD-LAN service
• Reduced latency and faster data transmission
• Seamless Wi-Fi roaming across campuses
• Pay-as-you-go subscription model
• AI-driven assurance and insights
• Converged management across IT and IoT/OT networks

The RUCKUS Edge platform is now available globally for RUCKUS One customers, with initial services developed by RUCKUS offered in the RUCKUS One catalog.

CommScope (NASDAQ: COMM) has introduced two new solutions for optimizing rural broadband deployments: the All-in-One (AIO) Cabinet and the 36-fiber count flat cable. Both products have been awarded Four Diamond honors in the 2024 Lightwave+BTR Diamond Technology Reviews program.

The AIO Cabinet combines active equipment and passive fiber distribution hub technology in a single cabinet, supporting up to 576 customers. It features a smaller footprint, network-style rack mounting, and FDH3000 swing frame technology for easier maintenance.

The 36-fiber flat cable maintains the same outer dimensions as single fiber flat cable while offering higher density. It consists of three micro tubes, each containing 12 250-micron fibers, addressing fiber identification challenges seen in other high-density flat cables.

Both solutions aim to simplify deployments, reduce costs, and optimize business cases for service providers expanding fiber-to-the-home networks in rural areas.

Comcast and CommScope have announced the first live deployment of CommScope's Full Duplex (FDX) DOCSIS amplifier in Comcast's network. This milestone enables Comcast to deliver multi-gig symmetrical services with enhanced reliability, security, and performance to customers across the majority of its current network architecture.

Since launching FDX DOCSIS 4.0 in October 2023, Comcast has scaled the offering to more than one million homes across six markets. The successful deployment of CommScope's FDX amplifier provides Comcast with a clear path to deliver an unparalleled network experience nationwide.

CommScope delivered the first prototype FDX amplifiers to Comcast's advanced technology labs in February 2023, followed by extensive systems testing and technology improvements. This achievement is the result of multi-year joint development efforts and demonstrates CommScope's capabilities as a leading RPD Node and RF Amplifier solutions provider.

CommScope (NASDAQ: COMM) has licensed AFL to manufacture its Prodigy® universal fiber-to-the-home (FTTH) hardened connectivity solutions. This partnership aims to address the growing needs of global FTTH installations, including government-subsidized projects. The Prodigy line offers key advantages:

1. Interoperability with legacy fiber infrastructure
2. Simplified logistics and planning
3. Sustainability with space-saving design and reduced waste
4. Accessibility through global dual sourcing

Starting in 2025, AFL will release Prodigy-powered drop assemblies and multiports, supporting Buy America, Build America (BABA) provisions for BEAD funding eligibility. This collaboration aims to make FTTH deployments more efficient, sustainable, and accessible worldwide.