CommScope Holding Company, Inc. - COMM STOCK NEWS

Werner Enterprises (Nasdaq: WERN) has appointed Christopher D. Wikoff as Executive Vice President, Treasurer, and Chief Financial Officer, effective April 18, 2023. Wikoff succeeds John J. Steele, who retires after 33 years with the company. With over 20 years in finance leadership, Wikoff aims to enhance Werner's financial discipline and support its DRIVE strategy. Previously, he held significant roles at West Technology Group and CommScope, contributing to major transformations and capital market activities. The transition is praised by Werner's leadership, reinforcing the company's commitment to stakeholder value.

CommScope Holding Company reported Q4 2022 net sales of $2.318 billion, up 4.2% year-over-year, with core net sales increasing 10.2% to $1.926 billion. However, the GAAP net loss widened to $1.109 billion, translating to a net loss per share of $(5.39). On a positive note, non-GAAP adjusted EBITDA reached $376.2 million, up 44.4%. For the full year, net sales totaled $9.228 billion, with a GAAP net loss of $1.287 billion. The company noted challenges due to inflation and supply chain constraints, but expects improvements in 2023.

CommScope (NASDAQ: COMM) achieved a significant milestone in 2022 by building and shipping over 1,000,000 RF amplifiers to leading cable operators. This accomplishment highlights the company’s leadership in DOCSIS and access networks, particularly as the industry evolves towards 10G technology. With the transition to DOCSIS 4.0, CommScope is enhancing its RF amplifier line to support both Extended Spectrum DOCSIS and Full Duplex DOCSIS technologies. The firm’s integrated manufacturing and supply chain approach ensures its readiness to meet the requirements of broadband providers, despite facing supply chain challenges.

CommScope (NASDAQ: COMM) has announced that its Propel™ fiber platform has received recognition in the 2023 Lightwave Innovation Reviews, highlighting its innovative design and positive impact on customer needs. Propel is engineered to support the growing demand for data center capacity, facilitating migration to Terabit speeds while ensuring reliable connectivity. With capabilities for current network speeds and future growth, Propel aims to address the surging demand from AI applications and cloud computing. Lightwave's recognition underscores CommScope's commitment to advancing network technology.

CommScope Holding Company plans to release its fourth quarter and full year 2022 financial results on February 23, before market opening. A conference call will occur at 8:30 a.m. Eastern Time the same day for management to discuss these results. Investors can listen to the call via the Investor Relations website. A replay will be available after the call.

CommScope (NASDAQ: COMM) announced the launch of two new Wi-Fi 6E products, the RUCKUS® R760 and RUCKUS R560, aimed at Multi-Dwelling Units (MDUs) like apartments and assisted living spaces. These products utilize the 6 GHz Wi-Fi band to enhance connectivity, offering high throughput of up to 8.35 Gbps. Additionally, RUCKUS Networks is integrating WPA3 security support with its Dynamic PSK technology, ensuring both ease of deployment and advanced user security. The enhancements promise improved bandwidth, reduced latency, and support for modern applications such as augmented reality and high-definition video.

CommScope (NASDAQ: COMM) announces the launch of the ICX 8200 Switch Series, designed for wired networks optimized for wireless-first and IoT campus networks. This series features entry-level switches with 25 Gbps uplink ports and includes the first enterprise switch offering fiber-to-the-room connectivity. The product supports advanced Wi-Fi technologies and provides flexibility with multiple hardware configurations. Key benefits include broad connectivity options, high power delivery for IoT devices, and enhanced security features. Models with gigabit copper ports are already available, while those with fiber and multigigabit options will launch in mid-2023.

CommScope (NASDAQ: COMM) has entered the Wi-Fi 7 retail market with the launch of the SURFboard G54 DOCSIS 3.1 quad-band cable modem, as announced during CES 2023. The SURFboard G54 boasts significant enhancements such as a 10 Gbps Ethernet port, quad-band capabilities, and multi-gigabit speed support. This device enables compatibility with older Wi-Fi technologies and is designed for seamless performance, making it suitable for high-demand applications. Additional Wi-Fi 7 solutions aimed at service providers are also in development, showcasing CommScope's commitment to advanced home networking technologies.

CommScope (NASDAQ: COMM) has launched the HomeVantage™ home networking solutions, featuring high-performance gateways with open-source firmware. This product line is designed to meet global market demands, allowing service providers to streamline broadband deployment and application management. HomeVantage integrates technologies from the RDK and OpenWrt communities, supporting containerized apps for enhanced service delivery. The portfolio includes support for Wi-Fi 7 and aims to boost the connected home experience. CommScope will showcase these solutions at CES in Las Vegas from January 5-7.