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After reaching an important support level, CommScope Holding Company, Inc. (COMM) could be a good stock pick from a technical perspective. COMM recently experienced a "golden cross" event, which saw its 50-day simple moving average breaking out above its 200-day simple moving average.
Macroeconomic uncertainty, lower spending from core customers and inventory adjustments hurt CommScope's (COMM) second-quarter 2024 earnings.
CommScope Holding Company, Inc. (NASDAQ:COMM ) Q2 2024 Earnings Conference Call August 8, 2024 8:30 AM ET Company Participants Massimo DiSabato - VP of IR Chuck Treadway - President and CEO Kyle Lorentzen - EVP and CFO Conference Call Participants Meta Marshall - Morgan Stanley Samik Chatterjee - JPMorgan George Notter - Jefferies Steven Fox - Fox Advisors Simon Leopold - Raymond James Matt Niknam - Deutsche Bank Simon Leopold - Raymond James Operator Good day, and thank you for standing by. Welcome to the CommScope 2024 Second Quarter Earnings Conference Call.
While the top- and bottom-line numbers for CommScope (COMM) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
CommScope (COMM) came out with quarterly earnings of $0.34 per share, missing the Zacks Consensus Estimate of $0.37 per share. This compares to earnings of $0.19 per share a year ago.
Evaluate the expected performance of CommScope (COMM) for the quarter ended June 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, CommScope (COMM) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.
CommScope's (COMM) preliminary second-quarter results show mixed performance, with growth in the Connectivity and Cable Solutions and Outdoor Wireless Networks segments.
The communications-technology specialist released preliminary quarterly results. It's anticipating that net sales will slip on a year-over-year basis, although they will likely top the consensus analyst estimate.
CommScope (COMM) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).