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CommScope Holding (COMM) Catches Eye: Stock Jumps 5.5%

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CommScope Holding Company, Inc.(COMM - Free Report) was a big mover last session, as the company saw its shares rise over 5% on the day. The uptrend was driven by the company’s announcement of encouraging third-quarter 2016 results. This resulted in solid volume with far more shares changing hands than in a normal session. This stock, trading in a volatile price range of $30.19 to $32.02 in the past one-month time frame, showed a pick-up yesterday at $31.91. 

None of the estimates for this stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

CommScope Holding currently carries a Zacks Rank #3 (Hold).

A better-ranked stock in the same industry is SBA Communications Corp. (SBAC - Free Report) , carrying a Zacks Rank #2 (Buy).You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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