Vistance Networks (NASDAQ:VISN) Raised to Strong-Buy at Zacks Research

Vistance Networks (NASDAQ:VISN – Get Free Report) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Wednesday,Zacks.com reports.

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

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Vistance Networks Price Performance

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

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

Vistance Networks Company Profile

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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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