CommScope Reports Fourth Quarter and Full Year 2023 Results

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Go back to CommScope Reports Fourth Quarter and Full Year 2023 Results

Evercore ISI Resumes CommScope Holding (COMM) at In Line, 'Challenges Persist'

February 29, 2024 12:00 PM EST

Evercore ISI analyst Amit Daryanani resumes coverage on CommScope Holding (NASDAQ: COMM) with a In Line rating and a price target of $1.25.

The analyst comments "CommScope reported earnings that were below expectations after adjusting for the divestiture of the home networks business. The forward-looking commentary was the main negative as they indicated challenges across all end-markets driven by elevated customer inventory levels. They have limited visibility into when end markets... More