Vistance Networks (NASDAQ:VISN) Stock Crosses Above 200 Day Moving Average – What’s Next?

Vistance Networks, Inc. (NASDAQ:VISN) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $0.00 and traded as high as $13.04. Vistance Networks shares last traded at $12.76, with a volume of 4,429,487 shares traded.

Wall Street Analyst Weigh In

Several research firms recently commented on VISN. JPMorgan Chase & Co. reduced their price objective on shares of 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 lowered shares of Vistance Networks from a “buy” rating to a “hold” rating in a research note on Sunday, March 8th. Evercore began coverage on shares of Vistance Networks in a research note on Thursday, February 26th. They set a “hold” rating and a $20.00 price objective for the company. Zacks Research upgraded shares of Vistance Networks from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 27th. Finally, Northland Securities set a $17.00 price objective on shares of Vistance Networks in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Vistance Networks currently has a consensus rating of “Moderate Buy” and an average price target of $19.33.

Vistance Networks Stock Performance

The firm has a market cap of $2.88 billion, a PE ratio of 0.43 and a beta of 2.34. The company has a 50 day simple moving average of $14.36.

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

Vistance Networks Dividend Announcement

The company also recently declared a special dividend, which was paid on Monday, April 27th. Investors 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.