CommScope Q3 sales rise 50.6%, EPS beats estimates

Overview

• CommScope Q3 net sales rise 50.6% yr/yr to $1.63 bln

• Adjusted EPS for Q3 beats analyst expectations

• Adjusted EBITDA for Q3 beats analyst expectations

• Company plans special dividend post-CCS segment sale closure

Outlook

• CommScope raises 2025 consolidated adjusted EBITDA guidance to $1.30-$1.35 bln

• Company expects CCS deal to close in Q1 2026

• CommScope plans special dividend post-CCS deal closure

Result Drivers

• STRONG SEGMENT PERFORMANCE - CommScope attributes Q3 growth to strong performance in ANS and CCS segments

• RUCKUS DEMAND - Increased demand and improved channel inventory position drove RUCKUS segment sales

• ANS GROWTH - ANS segment growth driven by Access Technologies and Broadband Networks Solutions

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the communications & networking peer group is "buy"

• Wall Street's median 12-month price target for CommScope Holding Company Inc is $20.00, about 21.3% above its October 29 closing price of $15.75

• The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 8 three months ago

Press Release: ID:nBw80Zrq7a

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)