Vistance Networks (NASDAQ:VISN) Share Price Passes Above 200 Day Moving Average – Time to Sell?

Vistance Networks, Inc. (NASDAQ:VISN) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $0.00 and traded as high as $12.75. Vistance Networks shares last traded at $12.50, with a volume of 5,133,664 shares changing hands.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on VISN. Wall Street Zen downgraded shares of Vistance Networks from a “buy” rating to a “hold” rating in a research report on Sunday, March 8th. Northland Securities set a $17.00 price objective on shares of Vistance Networks in a research report on Friday, May 1st. Zacks Research raised shares of Vistance Networks from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 27th. Evercore initiated coverage on Vistance Networks in a report on Thursday, February 26th. They set a “hold” rating and a $20.00 target price for the company. Finally, JPMorgan Chase & Co. reduced 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. One investment analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $19.33.

Vistance Networks Stock Down 3.0%

The company’s fifty day moving average is $13.63. The firm has a market cap of $2.82 billion, a P/E ratio of 0.42 and a beta of 2.34.

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

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.