Vistance Networks (NASDAQ:VISN) Upgraded by Zacks Research to “Strong-Buy” Rating

Zacks Research upgraded shares of Vistance Networks (NASDAQ:VISN – Free Report) from a hold rating to a strong-buy rating in a research report report published on Wednesday,Zacks.com reports.

Other analysts also recently issued reports about the stock. Wall Street Zen downgraded shares of Vistance Networks from a “buy” rating to a “hold” rating in a research report on Sunday, March 8th. JPMorgan Chase & Co. dropped their price target on shares of Vistance Networks from $24.00 to $21.00 and set a “neutral” rating on the stock in a research report on Thursday, April 16th. Weiss Ratings upgraded Vistance Networks from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Evercore assumed coverage on Vistance Networks in a research report on Thursday, February 26th. They issued a “hold” rating and a $20.00 target price for the company. Finally, Northland Securities set a $17.00 target price on Vistance Networks in a research report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $19.33.

Get Vistance Networks alerts:

Read Our Latest Research Report on VISN

Vistance Networks Price Performance

Vistance Networks stock opened at $12.37 on Wednesday. The firm’s 50-day moving average price is $15.72. The firm has a market cap of $2.79 billion, a price-to-earnings ratio of 0.42 and a beta of 2.39. Vistance Networks has a 52-week low of $5.42 and a 52-week high of $20.55.

Vistance Networks (NASDAQ:VISN – Get Free Report) last posted its earnings results on Thursday, April 30th. The business services provider reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.17. The firm had revenue of $471.80 million during the quarter. Vistance Networks had a net margin of 175.01% and a negative return on equity of 136.98%. Vistance Networks’s revenue for the quarter was up 21.6% on a year-over-year basis. Research analysts anticipate that Vistance Networks will post 1.11 earnings per share for the current year.

Vistance Networks Dividend Announcement

The firm also recently announced a special dividend, which was paid on Monday, April 27th. Investors of record on Friday, April 17th were issued a $10.00 dividend.

About Vistance Networks

(Get Free Report)

CommScope Holding Company, Inc provides infrastructure solutions for communications and entertainment networks. It operates through four segments: Broadband Networks (Broadband), Outdoor Wireless Networks (OWN), Venue and Campus Networks (VCN), and Home Networks (Home). The Broadband segment provides converged cable access platforms, passive optical networking products, video systems, access technologies, fiber and coaxial cables, fiber and copper connectivity products, and hardened closures to the telco and cable provider broadband market.

Featured Stories

• Five stocks we like better than Vistance Networks
• 3 Stocks Rallying on Micron’s Price Boost: Substance or Hype?
• Snowflake and the Snowballing Impact of its AI Flywheel
• AI’s Biggest Bottleneck Could Make These 2 Stocks Soar
• These 3 Beaten-Down Stocks Just Saw $25 Million in Insider Buying

Receive News & Ratings for Vistance Networks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vistance Networks and related companies with MarketBeat.com's FREE daily email newsletter.