Commscope Hldg Co Inc Stock Price, News & Analysis

CommScope has partnered with Foxtel to launch the iQ5 streaming set-top box, offering subscribers access to over 50,000 hours of content instantly. This innovative, 4K-capable device features a plug-and-play setup and a detachable 1TB hard drive for recording. The collaboration has been recognized with the Good Design Award in Australia. Foxtel's subscribers will benefit from improved personalization and user experience, while the iQ5 integrates popular streaming apps, enhancing viewing options.

Hall of Fame Resort & Entertainment Company (NASDAQ: HOFV, HOFVW) has signed a multi-year, multi-million dollar agreement with CommScope (NASDAQ: COMM) to enhance the technology infrastructure of Hall of Fame Village powered by Johnson Controls. This partnership will integrate CommScope's advanced technology to improve guest experiences and provide advertising benefits. The agreement also grants CommScope intellectual property rights and branding opportunities throughout the venue, aiming to create a world-class destination in Canton, Ohio.

CommScope (NASDAQ: COMM) will host a Strategic Transformation Update on December 14, 2021, at 8:30 a.m. Eastern. The event, featuring management presentations and a Q&A session, will focus on the company's strategy and ongoing CommScope NEXT initiatives. Attendees can register via CommScope’s Investor Relations website. A replay will be available for a limited time post-event.

CommScope Holdings reported a 2.9% year-over-year decrease in third-quarter net sales to $2.105 billion, with core net sales up 6%. GAAP net loss widened to $124.2 million. Notably, revenue from Outdoor Wireless Networks surged 30.8% and Venue and Campus Networks rose 8.4%. The company generated $67.1 million in cash flow from operations. Challenges persist due to supply chain disruptions and rising costs. With over 100 initiatives under its CommScope NEXT strategy, management is focused on growth and operational improvements.

CommScope Holding Company (NASDAQ: COMM) announced key finance management changes, appointing Kyle Lorentzen as Chief Financial Officer effective November 1, 2021. He replaces Alex Pease, who is taking up a role at another company. Justin Coleman is promoted to Chief Transformation Officer, while Brooke Clark will lead the corporate financial planning and analysis function. Lorentzen has experience as a CFO and has been with CommScope since December 2020. The company aims to enhance its CommScope NEXT strategy under this new leadership.

CommScope introduces its new Prodigy connector designed for plug-and-play functionality in fiber-to-the-home (FTTH) installations. The system features universal, small-form connectors for interoperability and self-aligning mechanisms to enhance reliability. Highlights include a break-free design for reusability and the option for cable assemblies up to 600 meters. This innovation aims to simplify installations and support future upgrades, aligning with the demands for speed, density, and scalability in modern networks.

CommScope (NASDAQ: COMM) is set to release its third quarter 2021 financial results on November 4, before the market opens. The announcement will be followed by a conference call at 8:30 a.m. Eastern, where management will discuss the results. Interested parties can access the live audio of the call through CommScope’s Investor Relations page.

CommScope has launched the ARRIS SURFboard G34 and G36 DOCSIS 3.1 cable modems and Wi-Fi 6 routers, designed to enhance home connectivity. Both models are tailored for high-speed internet plans, providing speeds of up to 1 Gbps for G34 and 1.2 Gbps for G36. The systems allow seamless streaming of 4K ultra-HD videos and online gaming. Users stand to save an estimated $168 annually on modem rental fees. The G34 is priced at $279 and the G36 at $299, with availability expected in major retail stores and online.

CommScope has expanded its Wi-Fi 6 home network gateway portfolio with the launch of the Touchstone TG644x DOCSIS 3.1 cable gateways. This new product enhances the Low Latency DOCSIS solution, designed to reduce lag in online gaming and video conferencing. The TG644x gateways deliver multi-gigabit data rates and support high split features for flexible deployment. They also enable efficient management through CommScope's HomeAssure and other solutions, enhancing network reliability and connectivity for remote work and gaming applications.