Commscope Hldg Co Inc Stock Price, News & Analysis

CommScope (NASDAQ: COMM) announced an expansion of its fiber-optic cable production in the U.S. to enhance broadband access, particularly for underserved areas. The initiative aims to connect 500,000 homes annually through fiber-to-the-home (FTTH) deployments and will create 250 new jobs over the next five years, with 90% requiring no college degree. The company is investing $47 million in capital expenditures to boost domestic manufacturing in alignment with the White House's supply chain initiative. The HeliARC fiber optic cable will also facilitate easier installation and support rural connectivity efforts.

CommScope Holding Company (NASDAQ: COMM) will participate in the J.P. Morgan Global High Yield & Leveraged Finance Conference on March 7, 2023. The Executive Vice President and Chief Financial Officer, Kyle Lorentzen, will engage in a fireside chat at 8:30 a.m. Eastern. Additionally, he and the CommScope Investor Relations team will hold individual meetings with attendees throughout the day.

A live webcast of the event will be accessible on CommScope’s Investor Relations page and available for on-demand viewing approximately 24 hours after the event concludes.

Werner Enterprises (Nasdaq: WERN) has appointed Christopher D. Wikoff as Executive Vice President, Treasurer, and Chief Financial Officer, effective April 18, 2023. Wikoff succeeds John J. Steele, who retires after 33 years with the company. With over 20 years in finance leadership, Wikoff aims to enhance Werner's financial discipline and support its DRIVE strategy. Previously, he held significant roles at West Technology Group and CommScope, contributing to major transformations and capital market activities. The transition is praised by Werner's leadership, reinforcing the company's commitment to stakeholder value.

CommScope Holding Company reported Q4 2022 net sales of $2.318 billion, up 4.2% year-over-year, with core net sales increasing 10.2% to $1.926 billion. However, the GAAP net loss widened to $1.109 billion, translating to a net loss per share of $(5.39). On a positive note, non-GAAP adjusted EBITDA reached $376.2 million, up 44.4%. For the full year, net sales totaled $9.228 billion, with a GAAP net loss of $1.287 billion. The company noted challenges due to inflation and supply chain constraints, but expects improvements in 2023.

CommScope (NASDAQ: COMM) achieved a significant milestone in 2022 by building and shipping over 1,000,000 RF amplifiers to leading cable operators. This accomplishment highlights the company’s leadership in DOCSIS and access networks, particularly as the industry evolves towards 10G technology. With the transition to DOCSIS 4.0, CommScope is enhancing its RF amplifier line to support both Extended Spectrum DOCSIS and Full Duplex DOCSIS technologies. The firm’s integrated manufacturing and supply chain approach ensures its readiness to meet the requirements of broadband providers, despite facing supply chain challenges.

CommScope (NASDAQ: COMM) has announced that its Propel™ fiber platform has received recognition in the 2023 Lightwave Innovation Reviews, highlighting its innovative design and positive impact on customer needs. Propel is engineered to support the growing demand for data center capacity, facilitating migration to Terabit speeds while ensuring reliable connectivity. With capabilities for current network speeds and future growth, Propel aims to address the surging demand from AI applications and cloud computing. Lightwave's recognition underscores CommScope's commitment to advancing network technology.

CommScope Holding Company plans to release its fourth quarter and full year 2022 financial results on February 23, before market opening. A conference call will occur at 8:30 a.m. Eastern Time the same day for management to discuss these results. Investors can listen to the call via the Investor Relations website. A replay will be available after the call.

CommScope (NASDAQ: COMM) announced the launch of two new Wi-Fi 6E products, the RUCKUS® R760 and RUCKUS R560, aimed at Multi-Dwelling Units (MDUs) like apartments and assisted living spaces. These products utilize the 6 GHz Wi-Fi band to enhance connectivity, offering high throughput of up to 8.35 Gbps. Additionally, RUCKUS Networks is integrating WPA3 security support with its Dynamic PSK technology, ensuring both ease of deployment and advanced user security. The enhancements promise improved bandwidth, reduced latency, and support for modern applications such as augmented reality and high-definition video.