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.
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CommScope (COMM) announces plans to expand production for fiber-optic connectivity products to meet the demand for Build America Buy America (BABA) compliant products. The expansion aims to support the increasing need for broadband networks in rural areas, with production set to begin in Q3 of 2024.
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CommScope Holding Company, Inc. reported fourth-quarter net sales of $1.186 billion and full-year net sales of $5.789 billion. The company faced challenges with a 23% decline in net sales and a 18% decrease in adjusted EBITDA compared to the prior year. CommScope aims to achieve $100 million in cost savings in early 2024 to navigate market uncertainties.
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CommScope's Comsearch AFC receives FCC certification for deploying 6 GHz spectrum to support unlicensed devices, enabling high-quality indoor and outdoor networks for various applications. The solution enhances signal strength, throughput, and network flexibility, catering to industries like venues, IoT, and municipal Wi-Fi deployments.
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RUCKUS Networks, in collaboration with the City of San José and CommScope, has been driving San José's smart city vision for safety, sustainability, and economic growth through AI-driven Wi-Fi technology. Projects like closing the 'Homework Gap' at East Side Union High School District and deploying outdoor networks have significantly improved connectivity for residents and businesses.
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CommScope introduces three industry-leading Open RAN advances to its network portfolio, enhancing 5G indoor connectivity with greater speed, flexibility, and sustainability. The company supports third-party Open RAN Distributed Units on its flagship ERA DAS and ONECELL small cell, enabling open, sustainable 5G networks. CommScope's innovations aim to provide unprecedented flexibility for on-premises 5G coverage, capacity, and control in both public and private networks.
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CommScope and Boldyn Networks announced the deployment of Wi-Fi 7 indoor access points in selected areas of Camping World Stadium in Orlando, Florida, marking the first Wi-Fi 7 deployment in a major stadium. The RUCKUS R770 Wi-Fi access points provide superior speed, capacity, reliability, and low latency, resulting in a 60% increase in throughput and 75% reduction in latency compared to Wi-Fi 6E. This deployment is expected to revolutionize the fan experience at the stadium, offering ultra-fast, low latency wireless connections to support high-demand applications.
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CommScope Holding Company, Inc. is set to release its Q4 and full year 2023 financial results on February 29th, followed by a conference call. The live audio will be available on the Investor Relations website, with a webcast replay archived for a limited time.
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CommScope (NASDAQ: COMM) has announced SYSTIMAX 2.0 enhancements, the next generation of its SYSTIMAX building and data center connectivity portfolio, providing customers with the latest structured cabling solutions. The enhancements include GigaSPEED XL5™ technology, VisiPORT™ solution, and an enhanced SYSTIMAX Assurance™ program, all aimed at supporting customers' network evolution within a fluid business environment.
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CommScope (COMM) closes transaction to sell Home Networks Business to Vantiva (VANTI)
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CommScope (COMM) RUCKUS Wi-Fi 7 AP selected for Wi-Fi CERTIFIED 7 interoperability certification test bed. The device is the only commercial access point in the test bed to deliver unmatched interoperability for the platform across Wi-Fi CERTIFIED 7 devices. The RUCKUS Wi-Fi 7 AP platform represents the next step in Wi-Fi device performance, with extreme speeds, low latency, and increased capacity to deliver exceptional user experiences.
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FAQ
What is the current stock price of CommScope Holding Company (COMM)?
The current stock price of CommScope Holding Company (COMM) is $4.68 as of November 22, 2024.
What is the market cap of CommScope Holding Company (COMM)?
The market cap of CommScope Holding Company (COMM) is approximately 989.9M.
What does CommScope Holding Company, Inc. do?
CommScope provides infrastructure solutions for communication, data center, and entertainment networks, offering both wired and wireless solutions.
What are the main operating segments of CommScope?
The main segments include Connectivity and Cable Solutions (CCS), Outdoor Wireless Networks (OWN), Networking, Intelligent Cellular and Security Solutions (NICS), and Access Network Solutions (ANS).
Where is CommScope headquartered?
CommScope is headquartered in Hickory, North Carolina.
What recent achievements has CommScope made?
Recent achievements include advancements in 5G technology, expanding fiber optic capabilities, and forming strategic partnerships to enhance its product offerings.
How does CommScope contribute to network connectivity?
CommScope provides the essential infrastructure and expertise needed for reliable network connectivity in various settings, including remote cell sites, sports arenas, airports, and data centers.
What type of customers does CommScope serve?
CommScope serves service providers such as cable and telephone companies, data centers, digital broadcast satellite operators, and media programmers.
How does CommScope enhance wireless and wired connectivity?
CommScope enhances connectivity by developing solutions that increase bandwidth, expand capacity, speed up deployment, and simplify migration.
What is CommScope's approach to innovation?
CommScope focuses on continuous innovation through significant investment in research and development to stay ahead in the competitive tech landscape.
What products does CommScope offer?
CommScope offers a range of products including copper and fiber optic cables, connectivity components, wireless network solutions, and more.
What is the significance of CommScope's solutions in modern networks?
CommScope's solutions are integral to maintaining seamless and reliable connectivity in advanced networks, essential for modern communication and data transfer needs.
CommScope Holding Company, Inc.
Nasdaq:COMM
COMM Rankings
COMM Stock Data
989.93M
207.95M
3%
79.85%
3.55%
Communication Equipment
Radio & Tv Broadcasting & Communications Equipment
United States of America
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