Vistance Networks (NASDAQ:VISN) Upgraded by Zacks Research to “Strong-Buy” Rating

Vistance Networks (NASDAQ:VISN) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Wednesday,Zacks.com reports.

Other analysts also recently issued research reports about the company. Evercore began coverage on Vistance Networks in a report on Thursday, February 26th. They set a “hold” rating and a $20.00 price objective on the stock. Wall Street Zen downgraded Vistance Networks from a “buy” rating to a “hold” rating in a report on Sunday, March 8th. JPMorgan Chase & Co. cut their price objective on Vistance Networks from $24.00 to $21.00 and set a “neutral” rating on the stock in a report on Thursday, April 16th. Weiss Ratings upgraded Vistance Networks from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Finally, Northland Securities set a $17.00 target price on Vistance Networks in a report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Vistance Networks currently has a consensus rating of “Moderate Buy” and an average target price of $19.33.

Vistance Networks Trading Down 1.0%

NASDAQ VISN opened at $12.37 on Wednesday. The business’s 50-day moving average is $15.72. The firm has a market cap of $2.79 billion, a P/E ratio of 0.42 and a beta of 2.39. Vistance Networks has a 1 year low of $5.42 and a 1 year high of $20.55.

Vistance Networks (NASDAQ:VISN) last posted its quarterly earnings data on Thursday, April 30th. The business services provider reported $0.34 earnings per share (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 negative return on equity of 136.98% and a net margin of 175.01%.The business’s revenue was up 21.6% on a year-over-year basis. On average, research analysts forecast that Vistance Networks will post 1.11 earnings per share for the current fiscal year.

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.