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Why CommScope Stock Jumped Monday

TheMotleyFool

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Shares of CommScope (NASDAQ: COMM), a communication equipment company, jumped on Monday. The stock was up about 11% as of 3 p.m. EDT.

The stock's gain followed news that privately held global communications networks company Petra Systems selected CommScope's Managed Public Networks, which use CommScope's Ruckus wireless Wi-Fi systems, to support the Petra Smart Streetlight Network. An upbeat note from an analyst on Monday likely helped, too.

Image source: Getty Images.

Source Fool.com

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