NASDAQ:COMM

CommScope Stockholders Approve Proxy Proposals

Retrieved on: 
Thursday, May 9, 2024
Data Management, Technology, Mobile, Wireless, Telecommunications, Networks, Hardware, Ernst & Young, CommScope

The stockholders of CommScope Holding Company, Inc., a global leader in network connectivity solutions, approved five proxy proposals today at the company’s annual meeting of stockholders.

Key Points: 
  • The stockholders of CommScope Holding Company, Inc., a global leader in network connectivity solutions, approved five proxy proposals today at the company’s annual meeting of stockholders.
  • CommScope stockholders re-elected Stephen C. Gray, L. William Krause, Joanne M. Maguire, Thomas J. Manning, Derrick A. Roman, Charles L. Treadway, Claudius E. Watts IV and Timothy T. Yates as directors, each for a term ending at the 2025 annual meeting, and ratified the appointment of Ernst & Young LLP as the company’s independent registered public accounting firm for the 2024 fiscal year.
  • The stockholders also approved, on a non-binding advisory basis, the compensation of the company’s named executive officers.
  • In addition, the stockholders approved additional shares under the company’s 2019 Long-Term Incentive Plan.

CommScope Reports First Quarter 2024 Results

Retrieved on: 
Thursday, May 9, 2024
Technology, Mobile, Wireless, Other Technology, Telecommunications, Software, Networks, Internet, Hardware, Data Management, Sale, CommScope, CCS, OWN, ANS, EPS, NICS, GAAP, Bank

“As expected, our first quarter was a challenging quarter as we continued to deal with lower demand.

Key Points: 
  • “As expected, our first quarter was a challenging quarter as we continued to deal with lower demand.
  • Based on current visibility, we expect the first quarter to be the lowest revenue and adjusted EBITDA quarter of the year.
  • CommScope does not expect to begin to see a recovery in demand until in the second half of 2024.
  • Non-GAAP adjusted net loss for the first quarter of 2024 was $(20.3) million, or $(0.08) per share, versus $86.7 million, or $0.34 per share, in the first quarter of 2023.

CommScope to Release First Quarter 2024 Financial Results on May 9

Retrieved on: 
Thursday, April 18, 2024
Telecommunications, Software, Networks, Hardware, Data Management, Technology, Mobile, Wireless, Other Technology, CommScope, Video game

CommScope Holding Company, Inc., a global leader in network connectivity, plans to release its first quarter 2024 financial results on Thursday, May 9, before the market opens.

Key Points: 
  • CommScope Holding Company, Inc., a global leader in network connectivity, plans to release its first quarter 2024 financial results on Thursday, May 9, before the market opens.
  • The release will be followed by an 8:30 a.m. Eastern conference call in which management will discuss the results.
  • The live, listen-only audio of the call will be available through a link on the Events and Presentations page of CommScope’s Investor Relations website.
  • The webcast replay will be archived on CommScope’s website for a limited time following the conference call.

RUCKUS Networks Launches AI-Driven Solutions for Hospitality

Retrieved on: 
Tuesday, April 16, 2024
Mobile, Wireless, Networks, Internet, Hardware, Data Management, Other Travel, IOT (Internet of Things), Apps, Applications, Technology, Lodging, Travel, Artificial Intelligence, Telecommunications, IEEE 802.11be, PMS, Safety, CommScope, Policy, Business intelligence, Access Point (Antarctica), AP, Intelligence, SVP, Ruckus Networks, Universal Orlando, MTTR, Royal Garden Hotel, COMM, Organization

The turn-key suite builds on RUCKUS Networks’ worldwide leadership in hotel Wi-Fi®—offering solutions that work in harmony to deliver personalized and elevated guest experiences across hospitality brands and locations.

Key Points: 
  • The turn-key suite builds on RUCKUS Networks’ worldwide leadership in hotel Wi-Fi®—offering solutions that work in harmony to deliver personalized and elevated guest experiences across hospitality brands and locations.
  • The RUCKUS Networks hospitality suite features the following solutions:
    RUCKUS One Hospitality Edition : AI-driven, Converged Network Assurance and Business Intelligence platform tailored to the hospitality industry that helps to drive global brand standards and increase brand loyalty.
  • “The RUCKUS suite of hospitality solutions is purpose driven to meet two of the biggest needs in the hospitality industry: improving brand loyalty and operational efficiency,” stated Bart Giordano, SVP and president, Networking, Intelligent Cellular & Security Solutions, CommScope.
  • In other words, it’s never been easier or more cost-effective to deliver and maintain the best digital hospitality experiences.”
    For more information on the RUCKUS Networks suite of solutions for hospitality, please visit the RUCKUS Networks website .

Xplore Selects CommScope to Deploy High-Speed Fiber Broadband in Rural Ontario

Retrieved on: 
Monday, April 15, 2024
Technology, Mobile, Wireless, 5G, Carriers and Services, Satellite, Telecommunications, Networks, Hardware, Data Management, Professional services, Name, Internet, Telehealth, COMM, Government, CommScope, Internet service provider

CommScope (NASDAQ: COMM), a global leader in network connectivity, announced today a collaboration with Xplore Inc. to bring new rural broadband services to Ontario, Canada.

Key Points: 
  • CommScope (NASDAQ: COMM), a global leader in network connectivity, announced today a collaboration with Xplore Inc. to bring new rural broadband services to Ontario, Canada.
  • CommScope® Professional Services will be providing both design and permitting services for the new network, in addition to working closely with Xplore to source networking solutions.
  • And to find out more about CommScope’s rural broadband services and solutions, please, visit CommScope .
  • CommScope and the CommScope logo are registered trademarks of CommScope and/or its affiliates in the U.S. and other countries.

CommScope Unveils GigaREACH XL Solution Designed to Power and Connect Emerging Edge Devices

Retrieved on: 
Tuesday, April 9, 2024
Data Management, Technology, Telecommunications, Mobile, Wireless, Networks, Internet, Hardware, Failure, Power over Ethernet, Name, ANSI, CommScope, Category 6 cable, ISO, COMM

CommScope addresses this challenge with its new GigaREACH XL solution.

Key Points: 
  • CommScope addresses this challenge with its new GigaREACH XL solution.
  • “Today, CommScope eliminates the 100-meter distance limit to cost-effectively connect a range of edge devices.”
    With the GigaREACH XL solution, customers can easily connect and power devices beyond the 100-meter limit with one cable and with little or no disruption to existing services.
  • As part of the SYSTIMAX portfolio, the GigaREACH XL solution is also backed by CommScope’s industry-leading SYSTIMAX Assurance ™ program.
  • CommScope and the CommScope logo are registered trademarks of CommScope and/or its affiliates in the U.S. and other countries.

CommScope To Increase U.S. Based Manufacturing Capabilities for Fiber Connectivity Products

Retrieved on: 
Thursday, March 7, 2024
Mobile, Wireless, Networks, Hardware, Electronic Design Automation, Data Management, Consumer Electronics, Technology, Semiconductor, Other Manufacturing, Other Technology, Manufacturing, Telecommunications, Name, Internet, Architecture, SVP, COMM, Government, Face, BABA, Connectivity, Digital divide, CommScope, NTIA, Internet service provider

The manufacturing expansion will help address the projected increase in demand for Build America Buy America (BABA) compliant products manufactured and assembled in the U.S.

Key Points: 
  • The manufacturing expansion will help address the projected increase in demand for Build America Buy America (BABA) compliant products manufactured and assembled in the U.S.
  • The increased production will focus on CommScope’s fiber-optic connectivity products and solutions that target faster installation and more efficient construction of rural broadband networks.
  • Key products such as Fiber Optic Splice Closures (FOSC®), fiber distribution cabinets and connectorized hardened and non-hardened fiber terminals will meet the BABA domestic preference.
  • CommScope and the CommScope logo are registered trademarks of CommScope and/or its affiliates in the U.S. and other countries.

CommScope Reports Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Thursday, February 29, 2024
Data Management, Technology, Mobile, Wireless, Telecommunications, Networks, Hardware, Home, CCS, EPS, CommScope, GAAP, NICS, ANS, Pressure, OWN, Investment, Pharmaceutical industry

“For the fourth quarter, CommScope reported consolidated net sales of $1.186 billion, a decrease of 38% from the prior year, driven by declines in all of the segments.

Key Points: 
  • “For the fourth quarter, CommScope reported consolidated net sales of $1.186 billion, a decrease of 38% from the prior year, driven by declines in all of the segments.
  • As previously announced, in the fourth quarter of 2023, CommScope entered into an agreement with Vantiva SA to divest of its Home business.
  • Non-GAAP adjusted net income (loss) for the fourth quarter of 2023 was $(3.9) million, or $(0.02) per share, versus $138.1 million, or $0.55 per share, in the fourth quarter of 2022.
  • Non-GAAP adjusted EBITDA decreased 49.2% to $190.7 million in the fourth quarter of 2023 compared to the same period last year.

FCC Certifies Comsearch AFC for Commercial Deployment

Retrieved on: 
Tuesday, February 27, 2024
Networks, Internet, IOT (Internet of Things), Mobile, Wireless, Technology, Name, GameChanger, FCC, AFC, ROI, SVP, Internet of things, COMM, APS, Wi-Fi, Hertz, Certification, CommScope, Ruckus Networks, IEEE 802.11be, Internet service provider

CommScope (NASDAQ: COMM), a global leader in network connectivity, today announced that its Comsearch ® spectrum management business has received FCC certification for the commercial deployment of its AFC (automated frequency coordination) system supporting unlicensed 6 GHz standard power and fixed client devices.

Key Points: 
  • CommScope (NASDAQ: COMM), a global leader in network connectivity, today announced that its Comsearch ® spectrum management business has received FCC certification for the commercial deployment of its AFC (automated frequency coordination) system supporting unlicensed 6 GHz standard power and fixed client devices.
  • This certification allows Comsearch AFC to open up 850 MHz of 6 GHz spectrum for shared, FCC-compliant use by unlicensed devices to offer enhanced quality of service.
  • “This is a gamechanger for a number of industries that are looking to CommScope to power their next-generation commercial networks.
  • For more information on Comsearch AFC and 6GHz spectrum solutions, please visit the Comsearch and CommScope websites.

RUCKUS Networks Marks Tenth Year in Collaboration with the City of San José as It Builds Smart City

Retrieved on: 
Thursday, February 22, 2024
Telecommunications, Software, Networks, Internet, Hardware, Data Management, Technology, Mobile, Wireless, Algorithm, Restaurant, AI, SVP, City, Transport, Growth, Airport, Data-rate units, COMM, Commerce, Access, Silicon, Market intelligence, Curriculum, APS, Wi-Fi, San Jose Convention Center, Safety, SJC, Element, School, San Jose International Airport, Convention, Heart, Machine learning, CommScope, Ruckus Networks, ESUHSD, Garden, Student, Mobile phone

For the last ten years, a collaboration between the City of San José, CommScope’s (NASDAQ: COMM) RUCKUS Networks and SmartWAVE has been helping drive the Garden City’s smart city vision for safety, sustainability and economic growth.

Key Points: 
  • For the last ten years, a collaboration between the City of San José, CommScope’s (NASDAQ: COMM) RUCKUS Networks and SmartWAVE has been helping drive the Garden City’s smart city vision for safety, sustainability and economic growth.
  • “San José’s potential is limitless,” said Matt Mahan, Mayor, City of San José.
  • Today, thanks to several smart city projects, San José residents are never far away from the RUCKUS® technology that connects thousands of people at its schools, convention center, airport and throughout the community.
  • Part of this effort involved deploying a Wi-Fi network using streetlight poles, traffic lights and city building rooftops for mounting RUCKUS APs.