CommScope Holding Company, Inc. - COMM STOCK NEWS

CommScope Holdings plans to disclose its Q1 2022 financial results on May 5 before market open. The announcement will be followed by a conference call at 8:30 a.m. Eastern, where management will discuss the results. Investors can access a live audio stream via the Investor Relations website. A replay will be available post-call.

CommScope has partnered with Orange Belgium to launch next-generation set tops powered by the Android TV™ OS. These devices will enhance subscriber experiences with live TV and streaming services. Key features include access to premium streaming apps, a multiscreen cloud recording service, and Chromecast built-in™ functionality. The devices are environmentally friendly, made with 99% post-consumer recycled plastics and eliminate single-use plastics in packaging. This collaboration marks CommScope's second deployment of Android TV devices, expecting further expansions in 2022.

CommScope has introduced Propel, a high-speed fiber platform aimed at meeting the growing demand for data center capacity and performance. Propel supports Terabit speeds and facilitates modernization with 16-fiber cabling, enabling efficient data access and superior connectivity for applications like cloud computing and AI. By optimizing existing infrastructure, it allows for increased efficiency and reduced costs. Propel features interchangeable sizes and components, backed by a comprehensive warranty, aligning with industry trends towards faster networking solutions.

CommScope announced its partnership with TELUS to provide the ECO Service Management Platform, enhancing management of TELUS's consumer premises equipment (CPE). The platform will automate device management, allowing TELUS to remotely upgrade firmware and improve operational efficiency. With over 80 million CPE devices under its management, CommScope aims to simplify and optimize lifecycle management, enhancing customer experience and reducing operational costs for TELUS. TELUS anticipates improved service quality and reduced service calls as a result of this collaboration.

CommScope announced the launch of its new RUCKUS BIG DOGS Partner Program, effective April 1, 2022. This three-tier program—Elite, Certified, and Registered—aims to broaden partnerships by providing market development funds and specializations. Enhanced training on key technologies will be available for Elite partners, who can tap into a projected $14 billion market by 2025. The program also simplifies contract management and offers updated marketing tools to assist partners in meeting evolving customer needs.

CommScope has expanded its partnership with Trackhouse Racing to launch the CommScope Ignition Program, aimed at enhancing STEM education in schools across the United States. This initiative features NASCAR technology and will visit six schools, providing classroom sessions on STEM's role in motorsports and assessing broadband network support. Notable locations include Phoenix, Austin, Charlotte, and Miami. The program addresses the digital divide exacerbated by the pandemic, aiming to inspire future careers in STEM fields.

CommScope Holding Company (NASDAQ: COMM) will participate in the Morgan Stanley Technology, Media & Telecom Conference on March 7-8, 2022. Chief Financial Officer Kyle Lorentzen is set to join a fireside chat on March 7 at 4:10 p.m. Pacific. The company's Investor Relations team will hold individual meetings with attendees on March 8. A live webcast will be available on CommScope's Investor Relations page before the event and will be accessible for on-demand viewing within 24 hours after the conference.

CommScope reported a 4.3% increase in fourth quarter net sales year-over-year, totaling $2.224 billion. Core net sales rose by 12.8% primarily due to strong performance in Outdoor Wireless and Venue and Campus Networks. However, the company faced a GAAP net loss of $87.1 million. The planned spin-off of the Home Networks business has been deferred due to supply chain issues. For the full year, net sales increased by 1.8%, with a GAAP net loss of $462.6 million. Non-GAAP adjusted EBITDA for Q4 was $260.6 million, a decrease of 28.1% from the previous year.

CommScope announced that Vodafone Germany will deploy its Touchstone TG6442 DOCSIS 3.1 cable gateways to enhance Wi-Fi performance for millions of subscribers. The gateway supports high split and features RDK-B software, facilitating improved in-home applications.

This deployment aims to boost broadband speeds, reduce latency, and allow more devices to connect in homes. Vodafone's initiative, launched in January 2022, focuses on delivering reliable ultra-HD video and other applications, underscoring the collaboration between CommScope and Vodafone in advancing home networking technology.