Traders Buy Large Volume of Vistance Networks Call Options (NASDAQ:VISN)

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

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on VISN shares. Weiss Ratings upgraded Vistance Networks from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Northland Securities set a $17.00 price objective on Vistance Networks in a research note on Friday, May 1st. Zacks Research downgraded Vistance Networks from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 30th. Finally, JPMorgan Chase & Co. cut their target price on shares of Vistance Networks from $24.00 to $21.00 and set a “neutral” rating on the stock in a research note on Thursday, April 16th. Four investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, Vistance Networks currently has a consensus rating of “Hold” and a consensus price target of $19.33.

Vistance Networks Trading Down 3.2%

Shares of VISN opened at $12.08 on Thursday. Vistance Networks has a 1-year low of $7.49 and a 1-year high of $20.55. The stock has a market capitalization of $2.72 billion, a PE ratio of 0.41 and a beta of 2.34. The company has a fifty day moving average of $12.28.

Vistance Networks (NASDAQ:VISN) last posted its earnings results on Thursday, April 30th. The business services provider reported $0.34 EPS for the quarter, topping 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 business had revenue of $471.80 million for the quarter. The company’s quarterly revenue was up 21.6% compared to the same quarter last year. On average, analysts anticipate that Vistance Networks will post 1.11 earnings per share for the current fiscal year.

Vistance Networks Announces Dividend

The company also recently declared a special dividend, which was paid on Monday, April 27th. Investors 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.