** Shares of telecom equipment firm CommScope Holding COMM.O surge 26.9% to over 2-mth high of $6.16 on Weds after Q4 results top analysts' expectations
** COMM on course for biggest one-day pct gain since Aug 8
** North Carolina-based network infrastructure provider early Weds posted sales of $1.17 bln, up ~27% y/y, compared to LSEG estimate of $1.11 bln
** Adj EPS of 18 cents beat consensus by 15 cents
** Co said net sales increased across all regions, except the Caribbean and Latin America region in the qtr, while sales in U.S. grew ~30% y/y to $776 mln
** On Jan 31, co completed previously announced sale of the outdoor wireless networks and distributed antenna systems units to Amphenol APH.N
** In Dec, co inked new refinancing agreements with a group of existing lenders, including Apollo APO.N, to push out its 2025 debt maturities to 2029 and 2031
** 5 of 8 analysts covering COMM rate stock "hold", rest recommend "sell", LSEG data shows, with median PT of $5
** Shares closed at $1.94 a year ago
(Lance Tupper is a Reuters market analyst. The views expressed are his own)
((lance.tupper@tr.com 1-646-279-6380))
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