Vistance Networks, Inc. (NASDAQ:VISN – Get Free Report)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.00 and traded as high as $12.74. Vistance Networks shares last traded at $12.67, with a volume of 5,998,617 shares trading hands.
Wall Street Analyst Weigh In
A number of equities research analysts have commented on VISN shares. Wall Street Zen downgraded Vistance Networks from a “buy” rating to a “hold” rating in a research report on Sunday, March 8th. Northland Securities set a $17.00 target price on Vistance Networks in a research report on Friday, May 1st. Zacks Research upgraded Vistance Networks from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 28th. JPMorgan Chase & Co. reduced their target price on Vistance Networks from $24.00 to $21.00 and set a “neutral” rating on the stock in a research report on Thursday, April 16th. Finally, Evercore began coverage on Vistance Networks in a research note on Thursday, February 26th. They issued a “hold” rating and a $20.00 price objective for the company. Four investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $19.33.
Get Our Latest Report on Vistance Networks
Vistance Networks Price Performance
Vistance Networks (NASDAQ:VISN – Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The business services provider reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.17. The company had revenue of $471.80 million during the quarter. Vistance Networks had a negative return on equity of 136.98% and a net margin of 175.01%.The firm’s revenue for the quarter was up 21.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Vistance Networks, Inc. will post 1.11 earnings per share for the current fiscal year.
Vistance Networks Announces Dividend
The company also recently announced a special dividend, which was paid on Monday, April 27th. Stockholders of record on Friday, April 17th were issued a $10.00 dividend.
Vistance Networks Company Profile
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.
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