Evercore ISI analyst Amit Daryanani maintained a Buy rating on CommScope Holding (NASDAQ:COMM) on Friday, setting a price target of $30, which is approximately 49.93% above the present share price of $20.01.
Daryanani expects CommScope Holding to post earnings per share (EPS) of -$0.55 for the second quarter of 2021.
The current consensus among 10 TipRanks analysts is for a Moderate Buy rating of shares in CommScope Holding, with an average price target of $22.33.
The analysts price targets range from a high of $30 to a low of $14.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $2.07 billion and a net profit of $53.3 million. The company's market cap is $4.08 billion.
According to TipRanks.com, Evercore ISI analyst Amit Daryanani is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 19.3% and a 66.20% success rate.
CommScope Holding Co., Inc. engages in the provision of infrastructure solutions for communications networks. It operates through the Connectivity Solutions (CCS), and Mobility Solutions (CMS) segments. The CCS segment offers innovative fiber optic and copper cable and connectivity solutions for use in data centers and business enterprise, telecommunications, cable television, and residential broadband networks. The CMS segment includes integral building blocks for cellular base station sites and related connectivity; indoor, small cell and distributed antenna wireless systems; and wireless network backhaul planning and optimization products and services. The company was founded by Frank M. Drendel in 1976 and is headquartered in Hickory, NC.