BUZZ-CommScope surges after Q4 beat

Shares of telecom equipment firm CommScope Holding COMM.O surge 26.9% to over 2-mth high of $6.16 on Weds after Q4 results top analysts' expectations

COMM on course for biggest one-day pct gain since Aug 8

North Carolina-based network infrastructure provider early Weds posted sales of $1.17 bln, up ~27% y/y, compared to LSEG estimate of $1.11 bln

Adj EPS of 18 cents beat consensus by 15 cents

Co said net sales increased across all regions, except the Caribbean and Latin America region in the qtr, while sales in U.S. grew ~30% y/y to $776 mln

On Jan 31, co completed previously announced sale of the outdoor wireless networks and distributed antenna systems units to Amphenol APH.N

In Dec, co inked new refinancing agreements with a group of existing lenders, including Apollo APO.N, to push out its 2025 debt maturities to 2029 and 2031

5 of 8 analysts covering COMM rate stock "hold", rest recommend "sell", LSEG data shows, with median PT of $5

Shares closed at $1.94 a year ago