Welcome to our dedicated page for CommScope Holding Company news (Ticker: COMM), a resource for investors and traders seeking the latest updates and insights on CommScope Holding Company stock.
CommScope Holding Company, Inc. (symbol: COMM) is a leading provider of infrastructure solutions for communication, data center, and entertainment networks. Headquartered in Hickory, North Carolina, CommScope specializes in both wired and wireless network solutions, playing a pivotal role in enabling service providers such as cable and telephone companies, data centers, and digital broadcast satellite operators to efficiently deliver media, voice, Internet Protocol (IP) data services, and Wi-Fi to subscribers.
CommScope's operations are divided into several key segments:
- Connectivity and Cable Solutions (CCS): Focuses on providing robust connectivity solutions that include copper and fiber optic cables, as well as connectivity components for various applications.
- Outdoor Wireless Networks (OWN): This segment offers solutions for improving wireless coverage and capacity, particularly in outdoor settings such as remote cell sites and large venues like sports arenas and airports.
- Networking, Intelligent Cellular, and Security Solutions (NICS): Develops intelligent networking solutions to enhance cellular connectivity and network security across complex environments.
- Access Network Solutions (ANS): Provides comprehensive solutions to optimize and expand network access, ensuring high-speed and reliable connectivity.
With a focus on innovation and a commitment to excellence, CommScope is continuously evolving to meet the dynamic needs of modern communication. Recent achievements include advancements in 5G technology, expanding the capabilities of its fiber optic solutions, and forming strategic partnerships to enhance its product offerings. Financially, CommScope has shown resilience and adaptability, investing in R&D to stay ahead in the competitive tech landscape.
CommScope's products and solutions are integral to some of the world's most advanced networks, ensuring seamless connectivity in various environments from bustling airports to high-tech data centers. The company's expertise is crucial for businesses looking to boost bandwidth, expand network capacity, and enhance overall efficiency.
CommScope has been chosen by Spurs Sports & Entertainment to enhance mobile connectivity at the AT&T Center, home of the San Antonio Spurs. This partnership will implement CommScope's ERA All-Digital DAS and CBRS solutions, providing dedicated 4G, 5G, and private wireless network access. The upgrades promise improved fan engagement through enhanced mobile experiences, low-latency interactions, and operational efficiency. Additionally, the new private network will address critical operational needs, allowing for smart parking and enhanced security.
CommScope, a leader in home networking solutions, is entering the retail Wi-Fi 6E market with two new ARRIS SURFboard products: the THRUSTER Gaming Acceleration Kit (Model W6B) and Wi-Fi 6E Network Upgrade Adapter (Model W6U). These solutions allow customers to upgrade their home networks without needing to replace existing equipment. The THRUSTER kit, priced at $309.99, enhances gaming performance with speeds up to 4.8 Gbps. The W6U adapter, available for $189.99, supports multiple devices and smart home technology. Both products aim to meet the increasing demand for high-speed connectivity in gaming and smart home applications.
CommScope (NASDAQ: COMM) has partnered with Microsoft to launch an integrated private wireless network solution, enhancing industrial manufacturing capabilities. This deployment at CommScope's manufacturing center in Shakopee, Minnesota leverages Microsoft Azure private MEC and CommScope CBRS access points. The solution aims to improve operational efficiency through low-latency applications, enabling real-time data processing, augmented reality training, and mobilized testing equipment. This collaboration signifies a step towards implementing agile factories and enhancing workforce productivity.
CommScope Holding Company (NASDAQ: COMM) will release its Q2 2022 financial results on August 4 before market open. A conference call will follow at 8:30 a.m. Eastern to discuss the results. Shareholders can access the live audio via the Investor Relations website. A replay will be available for a limited time.
CommScope has partnered with Telenor Sverige AB to introduce the VIP5702W set top box, powered by Android TV, to customers in Sweden. This collaboration aims to enhance Telenor's video services with 4K video and dual-band Wi-Fi for better viewing experiences. The launch signifies CommScope's ongoing expansion in the Nordic region, emphasizing their commitment to providing innovative solutions in home networking.
CommScope’s stockholders approved five proxy proposals at the annual meeting. Directors re-elected include Mary S. Chan and Timothy T. Yates, each serving until the 2023 annual meeting. Ernst & Young LLP was ratified as the independent public accounting firm for the 2022 fiscal year. The stockholders also backed executive compensation on a non-binding advisory basis and approved additional shares under the 2019 Long-Term Incentive Plan. Series A Convertible Preferred Stockholders re-elected Mindy Mackenzie and Patrick R. McCarter as directors.
CommScope reported a 7.6% increase in net sales to $2.229 billion in Q1 2022, with Core net sales growing 10.3% to $1.733 billion. However, the company saw a GAAP net loss of $139.9 million, up 43.3% from last year. Non-GAAP adjusted EBITDA fell 12.6% to $253.3 million. Significant growth was noted in Connectivity and Cable Solutions (24%) and Outdoor Wireless Networks (20%). Despite challenges from supply chain issues, the company aims for Core adjusted EBITDA of $1.15 to $1.25 billion for the year.
CommScope (NASDAQ: COMM) has unveiled a new cloud-to-edge suite of XGS-PON solutions aimed at enhancing global fiber deployments. This innovative suite supports 10G infrastructure and is designed to meet increasing consumer demand and facilitate government and private sector funding opportunities. Key features include a flexible architecture, interoperability, and cloud-based operations, allowing service providers to optimize capex, reduce opex, and accelerate technology changes. The solutions will be showcased at ANGA from May 10-12, with lab trials starting in Q3.
CommScope has partnered with Orange Moldova to launch the Orange TV Box 4K, enhancing subscriber viewing experiences by offering both live television and premium streaming services. The device features a Hybrid DVB-C and IP connected 4K UHD digital video decoder, allowing access to over 180 live TV channels and recording functionalities. Sustainable practices are highlighted, with packaging using 99% recycled plastics and eliminating single-use plastics. This partnership marks CommScope’s third deployment using Android TV, following similar agreements in Slovakia and Belgium.
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