Procore stock price target raised to $90 from Goldman Sachs on stabilizing growth
CommScope Holding Company, Inc. (NASDAQ:COMM) announced the relocation of its corporate headquarters to 2601 Telecom Parkway in Richardson, Texas. The move was effective Friday, according to a company statement filed with the Securities and Exchange Commission. The company’s stock has shown remarkable strength recently, trading near its 52-week high of $17.93 and delivering a 154.79% return over the past year.
As part of the relocation, CommScope has updated its main telephone number to (972) 952-9700. The company was previously headquartered in Claremont, North Carolina. CommScope, currently valued at approximately $3.83 billion, maintains a healthy financial position with a current ratio of 2.25, indicating liquid assets exceed short-term obligations.
The announcement was made in a press release statement included in a Form 8-K filing with the SEC. No additional operational or financial changes were disclosed in the filing. According to InvestingPro data, CommScope trades at a P/E ratio of 13.07 and is expected to remain profitable this year, with analysts recently revising earnings estimates upward. For deeper insights into CommScope’s financial health and future prospects, InvestingPro offers comprehensive Pro Research Reports with expert analysis on this and 1,400+ other US equities.
In other recent news, CommScope Holding Company Inc. reported strong financial results for the third quarter of 2025, exceeding market expectations. The company achieved an adjusted earnings per share of $0.62, significantly higher than the anticipated $0.23, resulting in a 169.57% surprise. CommScope’s revenue also surpassed projections, reaching $1.63 billion compared to the forecasted $1.22 billion, marking a 33.61% surprise. Despite these impressive earnings and revenue figures, the stock experienced a minor premarket decline. These developments highlight the company’s robust financial performance in recent times.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.