CommScope (COMM) Numbers Ratcheted Higher at Jefferies Amid Strong Q1

CommScope Holding (NASDAQ: COMM) is solidly higher (+2.7%) for the second day as investors and analysts react to strong first quarter results from the company - with sales up 16%, orders up 30% and adjusted net income up 74%.

Analyst George Notter boosted his price target on COMM from $25 to $31 following the results, noting wireless is "on fire." He commented, "The acceleration in the Wireless business surpassed expectations. Domestically, AT&T and Verizon drove much of the upside. In addition, the organization is taking market share. In total, we think the risk/reward in the stock remains favorable."

He lifted Q2 EPS from $0.52 to $0.58, FY 2014 EPS from $1.84 to $2.00 and FY 2015 EPS from $1.94 to $2.05.

For an analyst ratings summary and ratings history on CommScope Holding click here. For more ratings news on CommScope Holding click here.

Shares of CommScope Holding closed at $26.68 yesterday.

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