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

Vistance Networks, Inc. (NASDAQ:VISN) shares crossed 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.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. 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 note on Thursday, April 16th. Northland Securities set a $17.00 target price on shares of Vistance Networks in a research report on Friday, May 1st. Weiss Ratings raised shares of Vistance Networks from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Finally, Zacks Research downgraded shares of Vistance Networks from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 30th. Four equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Vistance Networks currently has an average rating of “Hold” and an average target price of $19.33.

Vistance Networks Trading Up 0.4%

The firm has a market capitalization of $2.74 billion, a P/E ratio of 0.41 and a beta of 2.34. The stock’s fifty day simple moving average is $12.25.

Vistance Networks (NASDAQ:VISN) last announced its quarterly 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 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 for the quarter was up 21.6% on a year-over-year basis. Research analysts forecast that Vistance Networks, Inc. will post 1.11 EPS for the current fiscal year.

Vistance Networks Dividend Announcement

The business also recently disclosed a special dividend, which was paid on Monday, April 27th. Investors of record on Friday, April 17th were paid 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.