CommScope Holding Company, Inc. stock forum
COMM Third Quarter 2024 Highlights:-Net Sales: $1.414 billion, a 5% increase from the prior year.
-Adjusted EBITDA: $308 million, marking a 27% year-over-year increase.
-Core Adjusted EBITDA: $220 million, up 25% from the prior year.
What's my Outlook ? While the third quarter demonstrated sequential improvements in revenue and adjusted EBITDA, CommScope notes limited visibility regarding the timing and scale of network upgrades. The company anticipates continued momentum across its businesses in the upcoming quarters, supported by investments in next-generation network products
Financial Position:
CommScope concluded the third quarter with total liquidity exceeding $1.02 billion, including $456 million in cash. The company has adjusted its full-year Core adjusted EBITDA guidance to a range of $700 to $750 million.
COMM what do you think guys? is it a good time to buy this? it has potential to go up in a week.