Vistance Networks (NASDAQ:VISN) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

Vistance Networks, Inc. (NASDAQ:VISN)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.00 and traded as high as $12.71. Vistance Networks shares last traded at $12.60, with a volume of 5,587,008 shares trading hands.

Analyst Ratings Changes

A number of analysts have issued reports on VISN shares. Northland Securities set a $17.00 target price on Vistance Networks in a research note on Friday, May 1st. Zacks Research lowered shares of Vistance Networks from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 30th. JPMorgan Chase & Co. dropped their price objective on shares of Vistance Networks from $24.00 to $21.00 and set a “neutral” rating for the company in a report on Thursday, April 16th. Finally, Weiss Ratings upgraded shares of 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 data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $19.33.

Vistance Networks Stock Up 1.7%

The firm has a market capitalization of $2.84 billion, a PE ratio of 0.42 and a beta of 2.34. The firm has a 50-day moving average price of $12.21.

Vistance Networks (NASDAQ:VISN) last posted its earnings results on Thursday, April 30th. The business services provider reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.17. Vistance Networks had a net margin of 175.01% and a negative return on equity of 136.98%. The company had revenue of $471.80 million for the quarter. The firm’s quarterly revenue was up 21.6% compared to the same quarter last year. As a group, analysts expect that Vistance Networks, Inc. will post 1.11 EPS for the current year.

Vistance Networks Dividend Announcement

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