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

Shares of Vistance Networks, Inc. (NASDAQ:VISN) 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 $12.25. Vistance Networks shares last traded at $11.75, with a volume of 6,266,111 shares changing hands.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Northland Securities set a $17.00 price objective on shares of Vistance Networks in a report on Friday, May 1st. Wall Street Zen downgraded shares of Vistance Networks from a “buy” rating to a “hold” rating in a report on Sunday, March 8th. Zacks Research raised shares of Vistance Networks from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 27th. Weiss Ratings raised shares of Vistance Networks from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Finally, 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. One research analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $19.33.

Vistance Networks Price Performance

The firm has a market cap of $2.65 billion, a price-to-earnings ratio of 0.40 and a beta of 2.34. The company has a 50-day moving average price of $15.06.

Vistance Networks (NASDAQ:VISN) last released its earnings results on Thursday, April 30th. The business services provider reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.17. The company 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 business’s revenue for the quarter was up 21.6% on a year-over-year basis. On average, equities analysts predict that Vistance Networks, Inc. will post 1.11 EPS for the current year.

Vistance Networks Dividend Announcement

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