Raymond James believes CommScope is a good company with an appropriate restructuring strategy, but warns that the company remains pressured by rising costs and too much debt.
Cloonan, who most recently served as interim CTO at CommScope, is a cable industry engineering exec who has played a key role in the evolution of DOCSIS - from 1.0 to 4.0.
Company is also reorganizing its remaining core business into four divisions, including a new Access Network Solutions unit led by cable industry vet Guy Sucharczuk.