Vistance Networks (NASDAQ:VISN) Stock Rating Lowered by Zacks Research

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

Other equities research analysts also recently issued reports about the company. 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 target on Vistance Networks from $24.00 to $21.00 and set a “neutral” rating on the stock in a report on Thursday, April 16th. Northland Securities set a $17.00 price objective on shares of Vistance Networks in a research report on Friday, May 1st. Finally, Weiss Ratings upgraded shares of Vistance Networks from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Four equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $19.33.

Vistance Networks Stock Performance

Shares of Vistance Networks stock opened at $12.37 on Tuesday. The stock’s 50-day simple moving average is $12.86. Vistance Networks has a 1-year low of $7.14 and a 1-year high of $20.55. The firm has a market cap of $2.79 billion, a P/E ratio of 0.42 and a beta of 2.34.

Vistance Networks (NASDAQ:VISN) last announced its quarterly earnings data 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. Vistance Networks had a negative return on equity of 136.98% and a net margin of 175.01%.The company had revenue of $471.80 million for the quarter. Vistance Networks’s revenue for the quarter was up 21.6% on a year-over-year basis. Analysts forecast that Vistance Networks will post 1.11 earnings per share for the current fiscal year.

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.