Commscope Hldg Co Inc Stock Price, News & Analysis

CommScope has partnered with View TV Group to enhance its broadcast content delivery networks (CDN) through the integration of CommScope's Manifest Delivery Controller (MDC). This technology aims to facilitate the transition of traditional broadcasts to digital platforms, emphasizing monetization capabilities. View TV Group's Broadcast CDN enables efficient monetization for live and on-demand content. CommScope's MDC supports dynamic ad insertion and analytics, demonstrating its scalability for millions of subscribers and shortening the time-to-market for new advertising services.

CommScope achieved a significant legal victory against Rosenberger for the misappropriation of base station antenna (BSA) trade secrets. The New Jersey Federal District Court has prohibited Rosenberger from using CommScope's BSA software and has halted its sale of related products. This order remains in effect until the case's resolution. CommScope is pursuing further legal action for additional trade secrets theft, including hardware. The court also indicated that it will consider broader injunctive relief after the trial.

CommScope has unveiled its NOVUX portfolio, designed to enhance the deployment of fiber networks for global service providers. This innovative platform claims to reduce component usage by 75% and offers up to 50 times more configurations than existing solutions, while promoting sustainability through eco-friendly practices. Notable features include CommScope's Octopus sealing gel for harsh environments and modular designs for flexibility. The NOVUX SRC 100 Closure and Hardened Terminals are now available globally, with more products set to launch soon.

CommScope has partnered with a4, Altice USA's advanced advertising unit, deploying its Video Advertising Solutions to enhance geographic and addressable advertising capabilities across video platforms. The CommScope Manifest Delivery Controller (MDC) is implemented to deliver server-side dynamic ad insertion and analytics for IP video services. This strategic move aims to improve ad experiences, operational efficiency, and revenue generation amidst evolving content consumption patterns. CommScope's solutions support millions of subscribers, enhancing subscriber experiences and advertising inventory value.

CommScope stockholders approved seven proxy proposals at the annual meeting, including an amendment to eliminate the classified structure of the Board of Directors. Directors Mary S. Chan, Stephen C. Gray, L. William Krause, and Derrick A. Roman were re-elected for terms ending in 2022. The appointment of Ernst & Young LLP as the independent auditor for fiscal 2021 was ratified. Additional approvals included compensation for named executive officers and selective performance-based retention equity awards. Series A Convertible Preferred Stockholders re-elected Patrick R. McCarter as a director.

CommScope Holding Company (NASDAQ: COMM) reported Q1 2021 results, showing net sales of $2.07 billion, a 1.9% increase from Q1 2020. Core net sales rose 10.5% to $1.58 billion. The GAAP net loss decreased 39% to $97.6 million, with a loss per share of $0.55. Non-GAAP adjusted EBITDA grew by 25.3% to $289.7 million. The company is undergoing a spin-off of its Home Networks business to focus on core segments, expecting to capitalize on growth opportunities in broadband and wireless markets amidst ongoing market recovery post-pandemic.

CommScope has announced the availability of its RD2322 Remote MACPHY (RxD) device, now ready for field deployment. This innovative solution allows operators to transition from Remote PHY to Remote MACPHY as they upgrade their Hybrid fiber-coaxial networks. The RD2322 RxD enhances bandwidth capacity and fiber efficiencies, while simplifying operations and reducing loads on facilities. This product marks a significant step in Distributed Access Architecture (DAA) technology, showcasing CommScope's leadership in this field.

CommScope plans to release its first quarter 2021 financial results on May 6, before the market opens. Following the release, management will host a conference call at 8:30 a.m. Eastern to discuss the results. The call will be available via a link on the Investor Relations website, and a replay will be archived for a limited time.

About CommScope: CommScope (NASDAQ: COMM) specializes in advanced connectivity solutions for communications networks.

CommScope (NASDAQ: COMM) announces the retirement of chief legal officer Burk Wyatt effective June 1, 2021, after more than 25 years with the company. His tenure saw CommScope grow from $400 million in revenue to approximately $8 billion, navigating various market changes. Justin Choi will succeed Wyatt, bringing over 30 years of legal experience in the network infrastructure industry. The transition comes as CommScope focuses on its CommScope NEXT strategy, aiming to return to growth and optimize its portfolio.