Arris Will Drag Down CommScope Results, Analyst Says
CommScope closed Friday down 3 percent at $15.90 after Raymond James analyst Frank Louthan downgraded it to "outperform," citing expectations Arris will do worse than expected. Commscope closed on its $7.4 billion Arris buy in April (see 1904040054). Louthan said…
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
the evolution of cable networks toward virtualized architectures, which began years ago, is hitting an inflection point, while Arris "has been slow to embrace the transition" even as it expects to put out a virtual product. Commscope didn't comment.