Commscope Hldg Co Inc Stock Price, News & Analysis

CommScope is enhancing its Wi-Fi 6 home network gateway portfolio with the launch of the NVG578LX 2.5G GPON residential gateway. This new device aims to meet the rising demand for faster internet speeds as more people work and learn from home. The NVG578LX provides gigabit speeds for voice, video, and data services, supporting up to 2.5 Gbps downstream and 1.25 Gbps upstream connectivity. It features a 2.5G Ethernet WAN/LAN port and dual-band Wi-Fi 6, making it suitable for modern home networking needs.

CommScope has introduced the first 204MHz digital return technology, enhancing upstream bandwidth and enabling gigabit speeds through a high-split network. The solution includes the DT4600N node transmitter and DR3600N headend receiver, facilitating high link performance up to 100km. This innovation allows operators to upgrade seamlessly from mid-split to high-split, supporting more bandwidth and efficient remote monitoring. The platform is currently in trials with various operators and is available for deployment in the market.

CommScope has partnered with the City of Wyandotte, Michigan, to enhance digital connectivity for nearly 25,000 residents. The initiative aims to deliver high-capacity internet of up to 10Gbps to approximately 13,000 homes and over 700 commercial buildings. This project involves a full conversion to fiber-to-the-home (FTTH) technology and the management of various contractors. CommScope will provide critical services such as construction management and network integration, ultimately driving economic growth and improved quality of life in Wyandotte.

CommScope Holding Company (NASDAQ: COMM) announced its participation in the Bank of America Leveraged Finance Virtual Conference, scheduled for November 30, 2020. The Chief Financial Officer, Alex Pease, along with other executives, will hold individual meetings with attendees throughout the day. A live webcast will be accessible on CommScope's Investor Relations page, and a recording will be available for on-demand viewing shortly thereafter.

CommScope has launched the ARRIS SURFboard S33 DOCSIS 3.1 multi-Gigabit cable modem, designed to enhance home networking performance. This modem supports a total throughput of up to 3.5 Gbps, accommodating advanced applications like video conferencing and online gaming. Priced at $179.99 MSRP, the S33 is available through retailers such as Best Buy and SURFboard.com. The modem features an easy setup process, is certified for all major US service providers, and includes a two-year warranty.

CommScope has partnered with RDK Management to implement the User Services Platform (USP) Agent for the RDK community. This integration enhances existing TR-069 deployments as they transition to USP, improving management for broadband service providers. CommScope's ECO solution, vital for managing millions of devices, has been updated to support USP, allowing remote management of connected homes via standardized protocols. This move is viewed positively by industry leaders like Vodafone, emphasizing its importance in managing contemporary connected home devices.

CommScope and Nokia have collaborated to introduce a new interleaved passive-active antenna (IPAA) radio platform to enhance 5G deployment. This innovative modular design allows operators to upgrade existing sites without extra space, facilitating faster rollout of 5G services amid rising demand. The IPAA features two customizable modules: a passive module covering 700 MHz to 2.7 GHz and a passive-active module with TDD beamforming for 5G n78 (3.4-3.8 GHz). This solution addresses site permitting challenges and provides upgrade paths, potentially lowering operational costs for telecom operators.

CommScope Holding Company has appointed John "Jack" Carlson as Chief Commercial Officer, effective November 16. Carlson will oversee the company's global sales and marketing efforts and drive growth strategies. His extensive experience includes leadership roles at Sullair and Southwire Company, highlighting a strong background in industrial manufacturing and sales. President and CEO Chuck Treadway emphasized the importance of advanced network infrastructure and Carlson's role in optimizing the go-to-market strategy to enhance top-line growth.

CommScope Holding Company (NASDAQ: COMM) reported Q3 2020 results with net sales of $2.17 billion, an 8.9% decline year-over-year. The company posted a GAAP net loss of $116.3 million, improving from a loss of $156.5 million in Q3 2019. Non-GAAP adjusted EBITDA was $341.9 million, down 7.5% year-over-year. Key segments showed varied performance: Broadband Networks grew by 18.1% while Home Networks fell by 31.8%. Despite challenges, the management remains focused on strategic investments and cost-cutting measures to enhance profitability and shareholder value.