Why ARRIS International Stock Surged Today [The Motley Fool]
CommScope Holding Company, Inc. (COMM)
Last commscope holding company, inc. earnings: 2/20 06:30 am
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ir.commscope.com
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Source: The Motley Fool
CommScope is acquiring ARRIS, overshadowing third-quarter earnings. Evan Niu, CFA ( TMFNewCow ) Nov 8, 2018 at 2:07PM What happened Shares of ARRIS International ( NASDAQ:ARRS ) have surged today, up by 10% as of 1:30 p.m. EST, after the company reported third-quarter earnings. However, the results weren't too relevant as the company also announced it was being acquired. So what Revenue in the third quarter was $1.65 billion, which led to non- GAAP earnings per share of $0.68. The more significant announcement was that CommScope ( NASDAQ:COMM ) will acquire ARRIS for $31.75 per share in a transaction valued at $7.4 billion including debt. The Carlyle Group will also invest $1 billion in CommScope, after dissolving its stake in the company in 2016. Carlyle had previously acquired CommScope in 2011 before taking it public again in 2013.
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News
- RESULTS 2023 - VANTIVA ACHIEVES ITS OBJECTIVES [Yahoo! Finance]Yahoo! Finance
- CommScope Holding Company, Inc. (NASDAQ: COMM) had its price target lowered by analysts at Bank of America Co. from $2.00 to $1.00. They now have an "underperform" rating on the stock.MarketBeat
- Cable Modem Termination System (CTMS) and Converged Cable Access Platform (CCAP) Market worth $10.4 billion by 2029 - Exclusive Report by MarketsandMarkets™ [Yahoo! Finance]Yahoo! Finance
- CommScope To Increase U.S. Based Manufacturing Capabilities for Fiber Connectivity Products [Yahoo! Finance]Yahoo! Finance
- CommScope To Increase U.S. Based Manufacturing Capabilities for Fiber Connectivity ProductsBusiness Wire
COMM
Earnings
- 2/29/24 - Miss
COMM
Sec Filings
- 3/25/24 - Form ARS
- 3/25/24 - Form DEFA14A
- 3/25/24 - Form DEF
- COMM's page on the SEC website