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Actionable news in COMM: CommScope Holding Company, Inc.,

CommScope (COMM) Stock Soars on Q1 Results, Guidance

NEW YORK (TheStreet) -- Shares of CommScope (COMM - Get Report) are surging by 16.16% to $31.05 on heavy trading volume Thursday morning, after the company posted better-than-expected results for the 2016 first quarter.

Before the opening bell, the Hickory, NC-based wireless and broadband network company reported adjusted earnings of 48 cents per diluted share, surpassing analysts' projections of 36 cents per share.

Revenue jumped by 39% to $1.14 billion year-over-year and was higher than Wall Street's forecasts of $1.11 billion.

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The company completed its acquisition of TE Connectivity's Broadband Network Solutions (BNS) business last...


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