Vistance Networks Target of Unusually High Options Trading (NASDAQ:VISN)

Vistance Networks, Inc. (NASDAQ:VISN) was the recipient of unusually large options trading on Wednesday. Stock traders purchased 5,032 call options on the company. This is an increase of 122% compared to the average volume of 2,271 call options.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on VISN shares. Northland Securities set a $17.00 price objective on shares of Vistance Networks in a research report on Friday, May 1st. JPMorgan Chase & Co. cut their target price 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. Zacks Research lowered shares of Vistance Networks from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 30th. Finally, Weiss Ratings upgraded Vistance Networks from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Four equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $19.33.

Vistance Networks Price Performance

Shares of NASDAQ VISN opened at $11.94 on Friday. Vistance Networks has a one year low of $7.49 and a one year high of $20.55. The firm has a market cap of $2.69 billion, a price-to-earnings ratio of 0.40 and a beta of 2.34. The business’s 50-day simple moving average is $12.29.

Vistance Networks (NASDAQ:VISN) last issued its earnings results 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 company 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%.The company’s revenue for the quarter was up 21.6% on a year-over-year basis. On average, equities research analysts forecast that Vistance Networks will post 1.11 EPS for the current fiscal year.

Vistance Networks Dividend Announcement

The business also recently announced a special dividend, which was paid on Monday, April 27th. Shareholders 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.