Zacks Research downgraded shares of Vistance Networks (NASDAQ:VISN – Free Report) from a strong-buy rating to a hold rating in a research note issued to investors on Tuesday,Zacks.com reports.
A number of other research firms also recently weighed in on VISN. Northland Securities set a $17.00 price objective on Vistance Networks in a report on Friday, May 1st. Wall Street Zen downgraded Vistance Networks from a “buy” rating to a “hold” rating in a report on Sunday, March 8th. Weiss Ratings upgraded Vistance Networks from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Finally, JPMorgan Chase & Co. decreased their price target on Vistance Networks from $24.00 to $21.00 and set a “neutral” rating for the company in a research note on Thursday, April 16th. Four investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $19.33.
Get Our Latest Research Report on VISN
Vistance Networks Stock Down 3.2%
Vistance Networks (NASDAQ:VISN – Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The business services provider reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. The firm’s quarterly revenue was up 21.6% compared to the same quarter last year. As a group, research analysts expect that Vistance Networks will post 1.11 EPS for the current fiscal year.
Vistance Networks Dividend Announcement
The company also recently disclosed a special dividend, which was paid on Monday, April 27th. Stockholders of record on Friday, April 17th were given a dividend of $10.00 per share.
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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