Page 7 - Intelligent Cellular News Today

First Quarter Highlights Net sales of $2.002 billion Core net sales of $1.664 billion* GAAP net loss attributable to common stockholders of $11.7 million Non-GAAP adjusted EBITDA of... | May 4, 2023

Revenues at CommScopes access network solutions unit dropped 5.7% in Q1, but the company expects revenues to be more heavily weighted toward the second half of 2023.

Revenues at CommScopes access networks division rose in Q4, but margins are being squeezed as spending shifts to edge elements such as nodes, taps and amps.

CommScope's shares are up more than in the past 3 months as technical and quantitative metrics suggest a turn. Read why I advise staying away from COMM Stock.

Charters not that big of a client for us at this point, says CommScope CEO Chuck Treadway. Yet CommScope remains a key supplier of X1 and Flex boxes powered by Comcasts software platform.

Cloonan, who most recently served as interim CTO at CommScope, is a cable industry engineering exec who has played a key role in the evolution of DOCSIS - from 1.0 to 4.0.

Company is also reorganizing its remaining core business into four divisions, including a new Access Network Solutions unit led by cable industry vet Guy Sucharczuk.