Investors Buy Large Volume of Call Options on Vistance Networks (NASDAQ:VISN)

Vistance Networks, Inc. (NASDAQ:VISN) was the recipient of some unusual options trading activity on Wednesday. Investors bought 5,032 call options on the company. This represents an increase of approximately 122% compared to the typical volume of 2,271 call options.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on VISN. Weiss Ratings raised Vistance Networks from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Zacks Research cut Vistance Networks from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 30th. Northland Securities set a $17.00 price target on Vistance Networks in a report on Friday, May 1st. Finally, 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. Four research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $19.33.

Vistance Networks Stock Down 2.8%

Shares of VISN traded down $0.34 during trading hours on Wednesday, reaching $12.13. The company had a trading volume of 1,030,485 shares, compared to its average volume of 5,665,241. Vistance Networks has a 12-month low of $7.49 and a 12-month high of $20.55. The firm has a 50 day moving average of $12.26. The stock has a market capitalization of $2.74 billion, a P/E ratio of 0.41 and a beta of 2.34.

Vistance Networks (NASDAQ:VISN) last issued its earnings results on Thursday, April 30th. The business services provider reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.17. Vistance Networks had a net margin of 175.01% and a negative return on equity of 136.98%. The company had revenue of $471.80 million for the quarter. The business’s quarterly revenue was up 21.6% compared to the same quarter last year. Equities research analysts predict that Vistance Networks will post 1.11 earnings per share for the current year.

Vistance Networks Dividend Announcement

The company also recently declared a special dividend, which was paid on Monday, April 27th. Investors of record on Friday, April 17th were issued a $10.00 dividend.

About Vistance Networks

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.