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 Holding Company, Inc. (COMM) reported a 32.8% decrease in net sales to $1.600 billion and a GAAP net loss of $828.7 million in Q3 2023. Non-GAAP adjusted EBITDA was $248.6 million, and cash flow generated by operations was $138.8 million. The company experienced challenges in its CCS, OWN, and ANS segments, prompting a reduction in Core adjusted EBITDA guideposts to $1.00 to $1.05 billion for the remainder of 2023.
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CommScope Holding Company, Inc. (NASDAQ: COMM) has reported preliminary third quarter results. Consolidated net sales were $1.60 billion, with core net sales at $1.35 billion. The company reported a GAAP net loss of $829 million, including non-cash asset impairments of $895 million. Core adjusted EBITDA was $246 million. CommScope has revised its adjusted EBITDA guideposts down and now expects full year 2023 core adjusted EBITDA to be in the range of $1.00 to $1.05 billion.
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CommScope to release Q3 2023 financial results on November 9
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Horacio Facca joins Origin Merchant Partners as Managing Director
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Comcast and CommScope have achieved a new milestone in the development of DOCSIS 4.0 Full-Duplex DOCSIS (FDX) amplifiers. Comcast generated speeds exceeding symmetrical 4Gbps in lab testing using CommScope MiniBridger FDX amplifiers. This achievement will enable Comcast to accelerate its deployment of FDX at scale and provide a better user experience for customers.
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CommScope launches next-generation platforms for DOCSIS 4.0 operation, offering a clear path to 10G networks.
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CommScope announces availability of ARRIS SURFboard G54 Wi-Fi 7 cable modem at retailers
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CommScope unveils RUCKUS R770, the market's leading enterprise-class Wi-Fi 7 access point, driven by RUCKUS AI for enhanced network resilience and performance. Wi-Fi 7 offers higher throughput, reduced latency, simplified security, and better resiliency. Industries like education, hospitality, and manufacturing will benefit from the platform's capabilities.
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CommScope plans to sell its Home Networks Business to Vantiva, receiving a 25% stake in Vantiva at closing and an earnout of up to $100 million. The transaction is expected to be completed in Q4 2023. This strategic acquisition will strengthen Vantiva's Connected Home operations and generate synergies. Both companies see compelling financial and commercial reasons for the combination.
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CommScope's major DOCSIS Access Architectures demonstrate interoperability with five DOCSIS 4.0 modem vendors, showcasing the company's ability to leverage its robust software across all major DOCSIS 3.1 access architectures. The hybrid DOCSIS 3.1/4.0 configuration can offer up to an 8 Gbps downstream service tier, providing a cost-effective bridge for operators to offer higher speed services ahead of fully deploying DOCSIS 4.0 technology.
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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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