Vistance Networks (NASDAQ:VISN) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Vistance Networks (NASDAQ:VISN) from a sell rating to a hold rating in a research report released on Sunday.

Other analysts have also recently issued research reports about the stock. Zacks Research cut shares of Vistance Networks from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 30th. Weiss Ratings cut Vistance Networks from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, August 17th. Four analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $19.33.

Vistance Networks Stock Performance

Shares of NASDAQ VISN opened at $6.06 on Friday. Vistance Networks has a 52-week low of $6.00 and a 52-week high of $20.55. The stock has a market cap of $1.40 billion, a P/E ratio of 0.20 and a beta of 2.36. The firm has a 50 day moving average price of $11.80 and a 200 day moving average price of $14.42.

Vistance Networks Announces Dividend

The company also recently disclosed a dividend, which was paid on Thursday, August 27th. Stockholders of record on Monday, August 17th were given a dividend of $5.00 per share. The ex-dividend date of this dividend was Friday, August 28th.

Insider Buying and Selling at Vistance Networks

In other news, CAO Charles A. Gilstrap acquired 10,000 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The stock was acquired at an average cost of $10.75 per share, for a total transaction of $107,500.00. Following the completion of the acquisition, the chief accounting officer owned 302,417 shares in the company, valued at $3,250,982.75. This represents a 3.42% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Vistance Networks

A number of large investors have recently bought and sold shares of the company. Persistent Asset Partners Ltd bought a new stake in shares of Vistance Networks in the second quarter worth $29,000. Triumph Capital Management acquired a new position in Vistance Networks during the second quarter worth $32,000. First Bancorp Inc ME bought a new position in Vistance Networks in the second quarter valued at $38,000. Pinnacle Holdings LLC bought a new position in Vistance Networks in the second quarter valued at $48,000. Finally, Nykredit A S bought a new stake in Vistance Networks during the 2nd quarter worth about $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.