Commscope Hldg Co Inc Stock Price, News & Analysis

CommScope has expanded its partnership with Trackhouse Racing to launch the CommScope Ignition Program, aimed at enhancing STEM education in schools across the United States. This initiative features NASCAR technology and will visit six schools, providing classroom sessions on STEM's role in motorsports and assessing broadband network support. Notable locations include Phoenix, Austin, Charlotte, and Miami. The program addresses the digital divide exacerbated by the pandemic, aiming to inspire future careers in STEM fields.

CommScope Holding Company (NASDAQ: COMM) will participate in the Morgan Stanley Technology, Media & Telecom Conference on March 7-8, 2022. Chief Financial Officer Kyle Lorentzen is set to join a fireside chat on March 7 at 4:10 p.m. Pacific. The company's Investor Relations team will hold individual meetings with attendees on March 8. A live webcast will be available on CommScope's Investor Relations page before the event and will be accessible for on-demand viewing within 24 hours after the conference.

CommScope reported a 4.3% increase in fourth quarter net sales year-over-year, totaling $2.224 billion. Core net sales rose by 12.8% primarily due to strong performance in Outdoor Wireless and Venue and Campus Networks. However, the company faced a GAAP net loss of $87.1 million. The planned spin-off of the Home Networks business has been deferred due to supply chain issues. For the full year, net sales increased by 1.8%, with a GAAP net loss of $462.6 million. Non-GAAP adjusted EBITDA for Q4 was $260.6 million, a decrease of 28.1% from the previous year.

CommScope announced that Vodafone Germany will deploy its Touchstone TG6442 DOCSIS 3.1 cable gateways to enhance Wi-Fi performance for millions of subscribers. The gateway supports high split and features RDK-B software, facilitating improved in-home applications.

This deployment aims to boost broadband speeds, reduce latency, and allow more devices to connect in homes. Vodafone's initiative, launched in January 2022, focuses on delivering reliable ultra-HD video and other applications, underscoring the collaboration between CommScope and Vodafone in advancing home networking technology.

CommScope (NASDAQ: COMM) partners with Meta Connectivity to join the Evenstar program, aimed at accelerating Open RAN adoption through the development of open reference designs. The collaboration will focus on creating a Massive MIMO reference design following O-RAN Alliance specifications to enhance network capacity and coverage. This initiative supports operators' flexibility by allowing disaggregation of filter/antenna elements from radio units. CommScope will conduct Over-the-Air testing to ensure interoperability, reinforcing its commitment to advancing wireless technology.

CommScope Holding Company, a leader in network connectivity, will release its fourth quarter and full year 2021 financial results on February 17 before market opening. Following the release, management will host a conference call at 8:30 a.m. Eastern to discuss the results, which can be accessed online. The replay of the call will be available on CommScope's Investor Relations website for a limited time. CommScope aims to push technology boundaries to enhance wired and wireless networks.

CommScope has appointed Markus Ogurek as the new senior vice president and segment leader for Venue and Campus Networks. Previously with Cisco, he brings extensive experience in enterprise technology and networking, having led efforts that generated hundreds of millions in new revenue. Ogurek will manage a team of over 2,000, focused on advancing networking, indoor cellular, and security products. The segment has a potential market size of $23 billion, aligning with CommScope's strategic transformation program, CommScope NEXT.

CommScope (NASDAQ: COMM) and ViacomCBS (NASDAQ: VIAC) announced a significant milestone in their partnership with the launch of FAVE and the migration of DABL and select SHOWTIME channels to CDN IP distribution. This transition represents the first full migration from satellite to IP for ViacomCBS. The move aims to improve efficiencies, save costs, and enhance audience reach, especially as satellite bandwidth in the US declines by 60% in 2023. CommScope's DigiCipher Streaming system was crucial in this migration, ensuring zero service interruption.

CommScope has partnered with EKTRA to deploy the VIP7100 UHD set top solution to its Balticum TV customers in Lithuania. This innovative device, powered by the Android TV™ operating system, supports linear TV and various OTT streaming services, allowing users to convert existing TVs into smart devices. The partnership aims to enhance customer entertainment offerings, providing a seamless experience for accessing content like Netflix and YouTube. CommScope remains a leader in home networking solutions, focusing on technology advancements for enhanced connectivity.