Commscope Hldg Co Inc - COMM STOCK NEWS

CommScope Holding Company (NASDAQ: COMM) reported its financial results for Q4 and the full year 2020. Net sales for Q4 reached $2,131.8 million, a decrease compared to the previous year. For the full year, net sales totaled $7,892.2 million, reflecting a 3% decline year-over-year. The company faced challenges due to pandemic-related impacts but aims for recovery through strategic initiatives and product innovations moving forward.

CommScope has renewed its sponsorship of NASCAR driver Daniel Suárez for the 2021 Cup Series, marking the seventh year of collaboration. Suárez will drive the No. 99 Chevrolet Camaro under the Trackhouse Racing Team, co-owned by Pitbull, who seeks to promote diversity in the sport. Their mission includes launching a STEM curriculum for underprivileged students. CommScope emphasizes its commitment to community improvement and diversity, along with its technological advancements in network connectivity at racing venues.

CommScope announced that its RUCKUS SmartZone controllers and access points have successfully cleared the NSA/CSS vetting process. This approval allows these products to be included in the Commercial Solutions for Classified (CSfC) Programs list, enabling secure communication for government networks. Chris Collura emphasized the importance of safeguarding National Security Systems (NSS) data and highlighted the company's strategic investments in meeting stringent government standards.

CommScope Holding Company plans to announce its fourth quarter and full year 2020 financial results on February 17, before market opening. Following the release, a conference call with management will be held at 8:30 a.m. Eastern to discuss the results. Investors can access the live audio via the Investor Relations website. A replay will be made available afterward.

CommScope has filed a patent infringement lawsuit against SOLiD in Germany, focusing on European Patent No. EP 2290850B1 related to its digital DAS innovations. This lawsuit follows a similar action in the UK last year. CommScope has previously enforced this patent in the U.S. against other companies, including Dali Wireless and SOLiD. The company emphasizes its commitment to protecting its intellectual property and highlights past successes in patent enforcement, including a royalty-bearing license agreement with Kathrein in 2017.

CommScope reports that the Luna Rossa Prada Pirelli team has chosen RUCKUS Wi-Fi equipment to connect its AC75 racing yacht during the ongoing PRADA Cup, which runs from January 15 to February 2021. The team's yacht is equipped with hundreds of sensors that gather vital data, including speed and weather conditions, ensuring continuous analysis during races. The RUCKUS network will enhance data collection and transmission, optimizing racing performance. The collaboration emphasizes CommScope's technology leadership for the America's Cup event, scheduled for March 2021.

CommScope has unveiled two new members of its gigabit whole-home mesh portfolio at CES 2021: the SURFboard mAX and SURFboard mAX Express. These systems support the latest Wi-Fi 6 technology with speeds up to 6.6 Gbps, designed to provide extensive coverage of up to 5,550 sq. ft. to accommodate multiple devices in smart homes. The SURFboard S33 DOCSIS 3.1 Cable Modem was also showcased, capable of delivering 3.5 Gbps throughput. All devices come with a two-year warranty and are available for purchase at major retailers.

CommScope is enhancing its Wi-Fi 6 home network gateway portfolio with the launch of the NVG578LX 2.5G GPON residential gateway. This new device aims to meet the rising demand for faster internet speeds as more people work and learn from home. The NVG578LX provides gigabit speeds for voice, video, and data services, supporting up to 2.5 Gbps downstream and 1.25 Gbps upstream connectivity. It features a 2.5G Ethernet WAN/LAN port and dual-band Wi-Fi 6, making it suitable for modern home networking needs.