Vistance Networks, Inc. (NASDAQ:VISN - Get Free Report)'s share price traded down 5.9% during trading on Friday . The stock traded as low as $11.99 and last traded at $12.0490. 3,806,853 shares were traded during trading, a decline of 25% from the average session volume of 5,063,929 shares. The stock had previously closed at $12.80.
Vistance Networks News Summary
Here are the key news stories impacting Vistance Networks this week:
Wall Street Analyst Weigh In
Several equities research analysts have recently commented on the company. Northland Securities set a $17.00 price target on Vistance Networks in a research note on Friday. Zacks Research upgraded Vistance Networks from a "strong sell" rating to a "hold" rating in a research note on Tuesday. Weiss Ratings assumed coverage on Vistance Networks in a research note on Wednesday, January 14th. They set a "hold (c)" rating for the company. Evercore assumed coverage on Vistance Networks in a research note on Thursday, February 26th. They set a "hold" rating and a $20.00 price target for the company. Finally, JPMorgan Chase & Co. cut 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 analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $19.33.
Get Our Latest Report on Vistance Networks
Vistance Networks Trading Down 5.4%
The stock has a fifty day simple moving average of $17.85. The firm has a market capitalization of $2.73 billion, a PE ratio of 1.29, a price-to-earnings-growth ratio of 0.95 and a beta of 2.38.
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 for the quarter, topping analysts' consensus estimates of $0.17 by $0.17. Vistance Networks had a negative return on equity of 17.57% and a net margin of 49.17%.The firm had revenue of $471.80 million for the quarter. The firm's revenue was up 21.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Vistance Networks, Inc. will post 0.81 earnings per share for the current fiscal year.
Vistance Networks Dividend Announcement
The firm also recently disclosed a special dividend, which was paid on Monday, April 27th. Investors of record on Friday, April 17th were issued a dividend of $10.00 per share.
About Vistance Networks
(
Get Free Report)
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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