Vistance Networks (NASDAQ:VISN) Stock Rating Lowered by Wall Street Zen

Vistance Networks (NASDAQ:VISN) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Saturday.

A number of other research analysts have also weighed in on VISN. Weiss Ratings lowered shares of Vistance Networks from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, August 17th. Zacks Research downgraded Vistance Networks from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 30th. Finally, Northland Securities set a $17.00 price target on Vistance Networks in a report on Friday, May 1st. Four research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $19.33.

Vistance Networks Price Performance

NASDAQ VISN opened at $11.21 on Friday. The company’s 50 day moving average is $12.05 and its 200-day moving average is $14.72. Vistance Networks has a 12-month low of $9.47 and a 12-month high of $20.55. The firm has a market cap of $2.59 billion, a P/E ratio of 0.36 and a beta of 2.36.

Insider Activity at Vistance Networks

In other news, CAO Charles A. Gilstrap acquired 10,000 shares of the business’s stock in a transaction dated Monday, August 10th. The stock was bought at an average cost of $10.75 per share, for a total transaction of $107,500.00. Following the completion of the transaction, the chief accounting officer owned 302,417 shares of the company’s stock, valued at $3,250,982.75. The trade was a 3.42% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 3.50% of the company’s stock.

Institutional Trading of Vistance Networks

Hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in Vistance Networks in the 2nd quarter worth approximately $319,679,000. Bank of America Corp DE purchased a new position in shares of Vistance Networks during the 2nd quarter valued at $73,146,000. Hennessy Advisors Inc. purchased a new position in shares of Vistance Networks during the 2nd quarter valued at $28,614,000. Bank of New York Mellon Corp bought a new position in shares of Vistance Networks in the second quarter worth $10,674,000. Finally, Empowered Funds LLC bought a new position in shares of Vistance Networks in the second quarter worth $10,393,000. Institutional investors own 88.04% of the company’s stock.

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.