CommScope Reports First Quarter 2018 Results

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CommScope Holding (COMM) PT Lowered to $33 at Nomura/Instinet

May 2, 2018 7:24 AM EDT

Nomura/Instinet lowered its price target on CommScope Holding (NASDAQ: COMM) to $33.00 (from $48.00) while maintaining a Buy rating. Below the line items led to a 1Q sales/EPS beat ($1.12bn/$0.49, consensus $1.11bn/$0.46). The 2Q guidance midpoints of ~$1.24bn/~$0.66 were also solid vs. consensus of... More