Vistance Networks (NASDAQ:VISN) Stock Crosses Above 200-Day Moving Average – Here’s What Happened
by Doug Wharley · The Cerbat GemVistance Networks, Inc. (NASDAQ:VISN – Get Free Report)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $0.00 and traded as high as $11.54. Vistance Networks shares last traded at $11.37, with a volume of 6,469,902 shares.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on the stock. Northland Securities set a $17.00 target price on shares of Vistance Networks in a research note on Friday, May 1st. Zacks Research upgraded Vistance Networks from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. JPMorgan Chase & Co. dropped their price target 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. Wall Street Zen downgraded Vistance Networks from a “buy” rating to a “hold” rating in a research note on Sunday, March 8th. Finally, Weiss Ratings upgraded Vistance Networks from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Four research analysts have rated the stock with a Hold rating, According to MarketBeat, Vistance Networks has a consensus rating of “Hold” and an average price target of $19.33.
Check Out Our Latest Report on VISN
Vistance Networks Stock Down 0.5%
The company has a market cap of $2.56 billion, a price-to-earnings ratio of 0.38 and a beta of 2.39. The firm’s fifty day simple moving average is $16.74.
Vistance Networks (NASDAQ:VISN – Get Free Report) last announced its quarterly earnings data on Thursday, April 30th. The business services provider reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.17. Vistance Networks had a negative return on equity of 136.98% and a net margin of 175.01%.The business had revenue of $471.80 million during the quarter. The company’s revenue for the quarter was up 21.6% compared to the same quarter last year. On average, sell-side analysts predict that Vistance Networks, Inc. will post 1.11 earnings per share for the current fiscal year.
Vistance Networks Dividend Announcement
The company also recently declared a special dividend, which was paid on Monday, April 27th. Stockholders of record on Friday, April 17th were paid 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.