CommScope Holding Company Inc. (NASDAQ:COMM) traded today at a new 52-week high of $20.35. This new high was reached on below average trading volume as 216,000 shares traded hands, while the average 30-day volume is approximately 2.7 million shares.
In the past 52 weeks, shares of CommScope Holding Company Inc. have traded between a low of $7.56 and a high of $20.35 and is now at $20.01, which is 165% above that low price.
CommScope Holding Co Inc provides infrastructure services for communications networks. It helps customers increase bandwidth, maximize existing capacity, improve network performance and availability, and simplify technology migration. Its product portfolio consists of products and services such as wired and wireless systems, cables, broadband devices, distribution and transmission equipment, and WiFi devices used by network services providers. The company organizes itself into five segments based on the product type: connectivity solutions, mobility solutions, customer premises equipment, network & cloud, and Ruckus Networks. The connectivity and customer premises equipment segments together generate majority of the revenue, and roughly half of the revenue is earned in United States.
Potential upside of 13.5% exists for CommScope Holding Company Inc., based on a current level of $20.01 and analysts’ average consensus price target of $22.72.
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