Vistance Networks (NASDAQ:VISN) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

Vistance Networks, Inc. (NASDAQ:VISN) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.00 and traded as high as $12.37. Vistance Networks shares last traded at $12.13, with a volume of 5,473,754 shares.

Analysts Set New Price Targets

Several brokerages have commented on VISN. Zacks Research lowered Vistance Networks from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 30th. Weiss Ratings raised Vistance Networks from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Northland Securities set a $17.00 target price on Vistance Networks in a research report on Friday, May 1st. Finally, JPMorgan Chase & Co. dropped their price target on shares of 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, According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $19.33.

Vistance Networks Stock Performance

The firm has a 50 day moving average price of $12.25. The company has a market capitalization of $2.74 billion, a price-to-earnings ratio of 0.41 and a beta of 2.34.

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

Vistance Networks Dividend Announcement

The company also recently announced a special dividend, which was paid on Monday, April 27th. Shareholders of record on Friday, April 17th were issued 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.