Northland Securities analyst Tim Savageaux maintained a Buy rating on Commscope Holding on Friday, setting a price target of $22, which is approximately 34.56% above the present share price of $16.35.
Savageaux expects Commscope Holding to post earnings per share (EPS) of $0.05 for the second quarter of 2021.
The current consensus among 8 TipRanks analysts is for a Strong Buy rating of shares in CommScope Holding (NASDAQ:COMM), with an average price target of $19.29.
The analysts price targets range from a high of $23 to a low of $14.
In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $2.13 billion and a net profit of $123.8 million. The company's market cap is $3.33 billion.
According to TipRanks.com, Northland Securities analyst Tim Savageaux is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 26.1% and a 65.98% 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.