Stock Alert: CommScope Holding Shares Up

(RTTNews) - Shares of CommScope Holding Co. Inc. (COMM) are up 12%, ahead of the company's quarterly earnings announcement, scheduled on Feb 20. The stock is trading at nearly half the value of its 52-week high of $27 reached in mid-April, last year. So, what does the 12% rally today mean?

End of last month, CommScope received FCC approval for commercial deployment of its spectrum access system (SAS) to support 3.5 GHz Citizens Broadband Radio Service (CBRS). The approval allows CommScope's SAS to open up 150 MHz of CBRS spectrum that until now had very limited use. CommScope's CBRS solutions enable customers to easily deploy CBRS networks for even the most challenging and critical use cases.