Vistance Networks (NASDAQ:VISN) Shares Pass Above 200 Day Moving Average – Should You Sell?

Vistance Networks, Inc. (NASDAQ:VISN) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.00 and traded as high as $12.74. Vistance Networks shares last traded at $12.67, with a volume of 5,998,617 shares traded.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on VISN shares. Evercore started coverage on Vistance Networks in a research note on Thursday, February 26th. They set a “hold” rating and a $20.00 price objective for the company. 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 note on Thursday, April 16th. Wall Street Zen cut Vistance Networks from a “buy” rating to a “hold” rating in a research note on Sunday, March 8th. Finally, Zacks Research upgraded Vistance Networks from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 28th. Four analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $19.33.

Vistance Networks Stock Up 3.0%

The business’s 50 day moving average price is $15.93. The firm has a market cap of $2.86 billion, a P/E ratio of 0.43 and a beta of 2.39.

Vistance Networks (NASDAQ:VISN) last announced its quarterly earnings data 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. The business had revenue of $471.80 million for the quarter. Vistance Networks had a negative return on equity of 136.98% and a net margin of 175.01%.Vistance Networks’s revenue was up 21.6% compared to the same quarter last year. Equities research analysts forecast that Vistance Networks, Inc. will post 1.11 earnings per share for the current fiscal year.

Vistance Networks Announces Dividend

The firm also recently declared a special dividend, which was paid on Monday, April 27th. Shareholders of record on Friday, April 17th were given a dividend of $10.00 per share.

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.