Why CommScope Stock Blasted 21% Higher on Monday
COMMCommScope(COMM) The Motley Fool·2024-07-30 07:04

The company looks like it will post an investor-pleasing set of quarterly results in early August.CommScope (COMM 20.31%), a provider of communications technology equipment, saw a big leap in its share price on the first trading day of the week. The company's stock soared more than 20% today following the release of preliminary quarterly results. That contrasted very well with the generally flat performance of the S&P 500 index.Upside surprise with projected revenueFor its second quarter, CommScope is estim ...