Is CommScope (Comm) a good stock to buy?

COMM isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Good day, […] Despite revenue contraction due to lower demand, CommScope (COMM) reports narrower-than-expected loss in first-quarter 2024.

How much is CommScope worth?

But for what it's worth, the company thinks this number will range from $1 billion to perhaps $1.05 billion. For context on what that means, S&P Global Market Intelligence shows that over the past four years at least, CommScope has consistently produced positive EBITDA numbers -- but negative GAAP income in each of those years.

Is CommScope stock about to lose $4 a share?

This $1.50 stock is about to lose almost $4 a share. Shares of communications equipment supplier CommScope ( COMM -41.53%) disintegrated -- down 40.9% through 11:05 a.m. ET -- after the company delivered an earnings warning Monday morning.