Vistance Networks (NASDAQ:VISN) Rating Lowered to “Hold” at Zacks Research

Vistance Networks (NASDAQ:VISN) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Other equities analysts also recently issued research reports about the company. Wall Street Zen downgraded Vistance Networks from a “buy” rating to a “hold” rating in a research note on Sunday, March 8th. JPMorgan Chase & Co. dropped their target price on Vistance Networks from $24.00 to $21.00 and set a “neutral” rating on the stock in a report on Thursday, April 16th. Northland Securities set a $17.00 target price on Vistance Networks in a research report on Friday, May 1st. Finally, Weiss Ratings upgraded Vistance Networks from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Four analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Vistance Networks currently has a consensus rating of “Hold” and a consensus price target of $19.33.

Vistance Networks Price Performance

Shares of NASDAQ VISN opened at $12.37 on Tuesday. The firm has a market capitalization of $2.79 billion, a PE ratio of 0.42 and a beta of 2.34. The firm’s 50-day simple moving average is $12.86. Vistance Networks has a 1 year low of $7.14 and a 1 year high of $20.55.

Vistance Networks (NASDAQ:VISN) last posted its earnings results on Thursday, April 30th. The business services provider reported $0.34 EPS 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 during the quarter. Vistance Networks’s revenue was up 21.6% compared to the same quarter last year. On average, research analysts forecast that Vistance Networks will post 1.11 EPS for the current year.

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.