Vistance Networks (NASDAQ:VISN) Share Price Crosses Above 200 Day Moving Average – What’s Next?

Vistance Networks, Inc. (NASDAQ:VISN) shares crossed 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 $12.25. Vistance Networks shares last traded at $11.75, with a volume of 6,266,111 shares trading hands.

Analyst Ratings Changes

A number of equities research analysts have commented on VISN shares. Weiss Ratings upgraded Vistance Networks from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. JPMorgan Chase & Co. decreased their price target on Vistance Networks from $24.00 to $21.00 and set a “neutral” rating on the stock in a research note on Thursday, April 16th. Zacks Research raised shares of Vistance Networks from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 27th. Northland Securities set a $17.00 price target on Vistance Networks in a report on Friday, May 1st. Finally, Evercore assumed coverage on Vistance Networks in a research report on Thursday, February 26th. They set a “hold” rating and a $20.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Vistance Networks has an average rating of “Moderate Buy” and a consensus price target of $19.33.

Vistance Networks Stock Performance

The business has a 50 day simple moving average of $15.06. The company has a market cap of $2.65 billion, a PE ratio of 0.40 and a beta of 2.34.

Vistance Networks (NASDAQ:VISN) last posted its quarterly earnings data on Thursday, April 30th. The business services provider reported $0.34 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $471.80 million for the quarter. The business’s revenue was up 21.6% on a year-over-year basis. Analysts anticipate that Vistance Networks, Inc. will post 1.11 EPS for the current year.

Vistance Networks Announces Dividend

The business also recently disclosed a special dividend, which was paid on Monday, April 27th. Shareholders 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.