CommScope (COMM) stock skyrocketed on Monday after the infrastructure provider for communications and entertainment networks announced an agreement with Amphenol Corporation (APH). This agreement will have the company sell its Connectivity and Cable Solutions (CCS) segment to Amphenol.
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Amphenol has agreed to acquire the CCS business for $10.5 billion in cash in a sale that is expected to close in the first half of 2026. CommScope intends to use the $10 billion in net proceeds to pay off its net debt, redeem all preferred equity, and add modest leverage on its remaining businesses. Once those actions are complete, any excess funds will be distributed to shareholders as a special dividend.
CommScope Stock Movement Today
CommScope stock was up 80.74% as of Monday morning, extending a 172.55% year-to-date rally. The shares have also increased 286.6% over the past 12 months. Today’s news saw 2.45 million shares of COMM stock traded, compared to a three-month daily average of about 5.22 million units.
Is CommScope Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts’ consensus rating for CommScope is Hold, based on two Hold ratings over the past three months. With that comes an average COMM stock price target of $7.50, representing a potential 46.43% upside for the shares.
