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…
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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.