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

Vistance Networks, Inc. (NASDAQ:VISN)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.00 and traded as high as $12.71. Vistance Networks shares last traded at $12.60, with a volume of 5,587,008 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Weiss Ratings raised Vistance Networks from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Northland Securities set a $17.00 price objective on Vistance Networks in a research note on Friday, May 1st. JPMorgan Chase & Co. decreased their price objective on Vistance Networks from $24.00 to $21.00 and set a “neutral” rating for the company in a research report on Thursday, April 16th. Finally, Zacks Research downgraded Vistance Networks from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 30th. Four equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $19.33.

Vistance Networks Trading Down 0.9%

The stock has a fifty day simple moving average of $12.25. The firm has a market capitalization of $2.82 billion, a PE ratio of 0.42 and a beta of 2.34.

Vistance Networks (NASDAQ:VISN) last released its quarterly earnings data on Thursday, April 30th. The business services provider reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.17. The firm had revenue of $471.80 million during the quarter. Vistance Networks had a negative return on equity of 136.98% and a net margin of 175.01%.The company’s revenue for the quarter was up 21.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Vistance Networks, Inc. will post 1.11 earnings per share for the current fiscal year.

Vistance Networks Announces Dividend

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

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.