CommScope Holding Company, Inc., headquartered in Claremont, North Carolina, is an American provider of network infrastructure that employs over 22,000 individuals.
1- Where is CommScope based
The company's headquarters are located at 3642 E US Highway 70, Claremont, North Carolina 28610, United States.
2- When was CommScope founded
The history of CommScope is characterized by people and innovation. More than 40 years ago, a young Frank Drendel, like many entrepreneurs throughout history, took a significant risk when he and his business partner Jearld Leonhardt founded CommScope as an independent company in 1976.
3- What kind of CommScope company
It provides services including data center and fiber services, managed networks, network transformation, software and integration, as well as video services.
4- Who owns CommScope
The ownership structure of CommScope Holding (COMM) stock consists of a combination of institutional, retail, and individual investors. Institutional Investors own approximately 34.97% of the company's stock, while Insiders hold 33.13%, and Public Companies along with Individual Investors account for 31.91%.
5- What is the main purpose of CommScope
At CommScope, we strive to push the boundaries of communications technology in order to create the most advanced networks in the world. We take pride in our heritage of leading the evolution of both wired and wireless technology to satisfy the exacting demands and increasing expectations of our connected society.
6- How many people work for CommScope
With a growing workforce of over 25,000 employees worldwide, we aim to enhance the diversity of our company culture by bringing in talented individuals like you, who can contribute to our continued success in the markets we serve.
7- How much does CommScope pay
At CommScope, the average salary varies from approximately $44,000 per year for a Technical Support Analyst to $209,173 per year for a Sales Director. Additionally, the average hourly pay ranges from about $14.97 per hour for a Training Coordinator to $58.40 per hour for a Construction Superintendent.
8- Why is CommScope so successful
CommScope, the international provider of communications technology solutions, has played a significant role in designing, building, and managing some of the world's most advanced networks. After a major acquisition in 2019, the American enterprise faced an urgent need to establish a technology infrastructure that would enable the consolidation of three different businesses.
CommScope has enhanced the digital customer experiences it offers by placing Digizuite DAM at the core of its marketing technology stack. The utilization of this tool has enabled the marketing and IT teams to achieve greater productivity and efficiency than ever before.
According to Connie Walters, CommScope's Director of Digital Marketing, the implementation of Digizuite has led to “increasing productivity, reducing frustration, and saving time” — all achieved through a substantial business transformation.
9- The Future of CommScope
CommScope expresses optimism that the second half of 2024 will demonstrate a “meaningful recovery” following a challenging set of financial results, which revealed an annual sales decline of 23% to $5.79 billion.
For the entire year, CommScope's adjusted EBITDA declined by 18% relative to the prior year, while the fourth quarter saw a 38% reduction in consolidated net sales and a 49% drop in adjusted EBITDA.
10- What are some key challenges facing CommScope
Successful enterprises are those that continuously adapt to the ever-changing landscape of business. Similar to a veteran team captain who reads the field, identifying opportunities and assessing risks, flourishing enterprises are those that take the initiative. In both sports and business, remaining passive can lead to being overtaken while waiting for the optimal path forward to emerge. The year 2024 may indeed serve as the time that distinguishes the hall-of-famers from the benchwarmers, as several significant enterprise technology developments take the field.