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COMM

CommScope

$10.42

-0.31 (-2.89%)

12:38
08/15/19
08/15
12:38
08/15/19
12:38

CommScope wins favorable ruling against Dali Wireless patent

CommScope announced that it received a favorable final decision from the Patent Trial and Appeal Board against Dali Wireless. In its final decision, the PTAB found all patent claims of U.S. Patent No. 9,531,473 being asserted by Dali Wireless in co-pending litigation are unpatentable. The PTAB ruled that each of claims 6-21 were invalid in view of the prior art submitted by CommScope. "We are very pleased with the decision finding these claims unpatentable," said Matt Melester, senior vice president, Technology Strategy for CommScope. "CommScope's investment to develop more efficient solutions in this field of digital distributed antenna systems goes back many years, resulting in prior patents that predate Dali Wireless's more recent attempts to enter this market." The PTAB's ruling follows a favorable ruling by the Northern District of Texas jury in June validating CommScope's five patents relating to digital distributed antenna systems. Further, due to the jury's finding that Dali willfully infringed each of CommScope's five patents, CommScope will file motions for enhanced damages and attorney fees. In that same litigation, Dali Wireless had included counterclaims in the Northern District of Texas action that relied on the patent claims which the PTAB has now found to be invalid.

  • 23

    Sep

COMM CommScope
$10.42

-0.31 (-2.89%)

06/20/19
GSCO
06/20/19
UPGRADE
Target $19
GSCO
Buy
Goldman Sachs upgrades CommScope to Buy on margin expansion potential
Goldman Sachs analyst Mark Delaney upgraded CommScope Holding to Buy from Neutral while lowering his price target for the shares to $19 from $20. The company can expand margins from a combination of lower input costs, as DRAM pricing and copper pricing have both fallen, and cost synergies from the Arris transaction, Delaney tells investors in a research note. The analyst views CommScope's price-to-earnings multiple as attractive given his expectations for "solid" free cash flow generation and debt reduction over time. Further, the company has opportunities to benefit from secular trends like 5G and datacenter, adds Delaney.
06/20/19
06/20/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Genomic Health (GHDX) upgraded to Overweight from Neutral at Piper Jaffray analyst William Quirk stating management appears "comfortable" with the pace of the current business ahead of the German reimbursement decision. 2. Bright Horizons (BFAM) upgraded to Buy from Neutral at Goldman Sachs with analyst George Tong sayinh favorable secular trends, a "strong" pipeline of new center openings, enrollment growth and tuition increases create a "robust" revenue growth outlook. 3. CommScope (COMM) upgraded to Buy from Neutral at Goldman Sachs with analyst Mark Delaney stating the company can expand margins from a combination of lower input costs as DRAM pricing and copper pricing have both fallen. 4. First Financial Bancorp (FFBC) upgraded to Overweight from Neutral at Piper Jaffray with analyst Nathan Race saying shares are "overly discounted" at current levels and discussions with management indicate improved visibility on near-term core net interest margin and loan growth trends. 5. AES Corp. (AES) upgraded to Neutral from Underperform at BofA/Merrill with analyst Julien Dumoulin-Smith noting a "constructive" meeting with management and saying he sees upside to renewable development opportunities and expects opportunities in Vietnam and the Atlantic Basin to drive growth. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/27/19
NOMU
06/27/19
NO CHANGE
Target $17
NOMU
Neutral
CommScope price target lowered to $17 from $24 at Nomura Instinet
Nomura Instinet analyst Jeffrey Kvaal lowered his price target for CommScope to $17 from $24 saying another negative revision is possible. CommScope's decision to rescind annual guidance after the Arris deal has driven a "wide spread" in consensus 2019 sales estimates, which may now need to be revised lower, Kvaal tells investors in a research note. He believes CommScope consensus estimates face downside risk and keeps a Neutral rating on the shares. The analyst cites the company's lower than expected debt reduction progress for his reduced price target.
08/09/19
JEFF
08/09/19
NO CHANGE
Target $16
JEFF
Buy
CommScope price target lowered to $16 from $28.50 at Jefferies
Jefferies analyst George Notter lowered his price target for CommScope Holding to $16 from $28.50 saying his "enthusiasm for the story has waned" following the company's Q2 results. It is clear that the outlook for the Arris side of the business is worse than anybody thought three or six months ago, Notter tells investors in a research note. However, with investor sentiment on the stock "very negative," the analyst keeps a Buy rating on CommScope.

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