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

Vistance Networks, Inc. (NASDAQ:VISN)’s share price 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 trading hands.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on VISN. JPMorgan Chase & Co. dropped 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 report 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. 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 target on the stock. Wall Street Zen downgraded shares of Vistance Networks from a “buy” rating to a “hold” rating in a research note on Sunday, March 8th. Finally, Zacks Research raised shares of Vistance Networks from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $19.33.

Vistance Networks Stock Down 0.3%

The firm has a market capitalization of $2.84 billion, a PE ratio of 0.42 and a beta of 2.34. The company has a 50 day moving average of $14.12.

Vistance Networks (NASDAQ:VISN) last posted 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 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%. Vistance Networks’s revenue was up 21.6% compared to the same quarter last year. Equities research analysts forecast that Vistance Networks, Inc. will post 1.11 earnings per share for the current year.

Vistance Networks Dividend Announcement

The business also recently declared a special dividend, which was paid on Monday, April 27th. Shareholders of record on Friday, April 17th were paid a $10.00 dividend.

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.