Shares of Vistance Networks, Inc. (NASDAQ:VISN – Get Free Report) gapped up before the market opened on Thursday . The stock had previously closed at $11.05, but opened at $11.61. Vistance Networks shares last traded at $11.4150, with a volume of 525,005 shares.
Analysts Set New Price Targets
Several analysts have recently weighed in on VISN shares. Northland Securities set a $17.00 price objective on shares of Vistance Networks in a research report on Friday, May 1st. Weiss Ratings lowered shares of Vistance Networks from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, August 17th. Wall Street Zen lowered shares of Vistance Networks from a “hold” rating to a “sell” rating in a research note on Saturday, August 22nd. Finally, Zacks Research cut shares of Vistance Networks from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 30th. Four equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $19.33.
View Our Latest Report on VISN
Vistance Networks Stock Up 4.1%
Vistance Networks Announces Dividend
The business also recently declared a dividend, which will be paid on Thursday, August 27th. Investors of record on Monday, August 17th will be given a $5.00 dividend. The ex-dividend date is Friday, August 28th.
Insider Buying and Selling
In related news, CAO Charles A. Gilstrap acquired 10,000 shares of Vistance Networks stock in a transaction on Monday, August 10th. The stock was purchased at an average cost of $10.75 per share, with a total value of $107,500.00. Following the purchase, the chief accounting officer directly owned 302,417 shares in the company, valued at approximately $3,250,982.75. The trade was a 3.42% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 3.50% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. Persistent Asset Partners Ltd purchased a new stake in shares of Vistance Networks during the second quarter worth approximately $29,000. Triumph Capital Management purchased a new position in Vistance Networks in the 2nd quarter valued at $32,000. First Bancorp Inc ME purchased a new position in Vistance Networks in the 2nd quarter valued at $38,000. Pinnacle Holdings LLC purchased a new position in Vistance Networks in the 2nd quarter valued at $48,000. Finally, Nykredit A S acquired a new position in Vistance Networks in the 2nd quarter valued at $54,000. Institutional investors and hedge funds own 88.04% of the company’s stock.
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.
See Also
- Five stocks we like better than Vistance Networks
- Strategy’s $1.59B Gamble: Checkmate at $80K?
- Semtech Stock Rallies on Strong Q2 Results and Raised Guidance
- Marvell’s Big AI Test Comes One Day After NVIDIA’s Blowout Quarter
- NVIDIA’s Blockbuster Quarter May Still Undersell How Big the AI Buildout Is
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.
