Vistance Networks (VISN)
Market Price (10/2/2026): $6.12 | Market Cap: $1.4 BilSector: Information Technology | Industry: Communications Equipment
Vistance Networks (VISN)
Market Price (10/2/2026): $6.12Market Cap: $1.4 BilSector: Information TechnologyIndustry: Communications Equipment
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Megatrend and thematic driversMegatrends include 5G & Advanced Connectivity. Themes include Specialized Private 5G Network Solutions. | Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 13% | Key risksVISN key risks include [1] successfully executing its operational transition and establishing a new brand identity following its major divestiture, Show more. |
| Megatrend and thematic driversMegatrends include 5G & Advanced Connectivity. Themes include Specialized Private 5G Network Solutions. |
| Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 13% |
| Key risksVISN key risks include [1] successfully executing its operational transition and establishing a new brand identity following its major divestiture, Show more. |
Qualitative Assessment
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Vistance Networks (VISN) stock has lost about 15% since 6/30/2026 because of the following key factors:
1. Vistance Networks' fiscal Q2 2026 earnings, reported on August 6, 2026, significantly missed analyst expectations, with an EPS of $0.12 against a Zacks Consensus Estimate of $0.28, representing a 57.14% negative surprise. This financial underperformance, partly attributed to challenges in license sales and memory costs, led to a substantial decline of 18.2% in VISN shares the day following the announcement. Furthermore, the company trimmed its fiscal year 2026 adjusted EBITDA guidance to $200-225 million, indicating ongoing operational pressures.
2. The completion of the RUCKUS reporting segment sale on July 1, 2026, and subsequent analyst downgrades created uncertainty regarding Vistance Networks' future growth trajectory. While the sale enabled a special cash distribution of $5.00 per share, analysts like Zacks Research downgraded the stock from "strong-buy" to "hold" on June 30, 2026, and Seeking Alpha downgraded it to "Hold" on July 11, 2026, citing a "clouded outlook" and the removal of a "key data center demand tailwind" post-divestiture. This sentiment was reinforced by a Weiss Ratings downgrade to "hold (c)" on August 17, 2026, reflecting a cautious outlook despite the company's strategic transformation.
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Vistance Networks (VISN) stock has lost about 15% since 6/30/2026 because of the following key factors:
1. Vistance Networks' fiscal Q2 2026 earnings, reported on August 6, 2026, significantly missed analyst expectations, with an EPS of $0.12 against a Zacks Consensus Estimate of $0.28, representing a 57.14% negative surprise. This financial underperformance, partly attributed to challenges in license sales and memory costs, led to a substantial decline of 18.2% in VISN shares the day following the announcement. Furthermore, the company trimmed its fiscal year 2026 adjusted EBITDA guidance to $200-225 million, indicating ongoing operational pressures.
2. The completion of the RUCKUS reporting segment sale on July 1, 2026, and subsequent analyst downgrades created uncertainty regarding Vistance Networks' future growth trajectory. While the sale enabled a special cash distribution of $5.00 per share, analysts like Zacks Research downgraded the stock from "strong-buy" to "hold" on June 30, 2026, and Seeking Alpha downgraded it to "Hold" on July 11, 2026, citing a "clouded outlook" and the removal of a "key data center demand tailwind" post-divestiture. This sentiment was reinforced by a Weiss Ratings downgrade to "hold (c)" on August 17, 2026, reflecting a cautious outlook despite the company's strategic transformation.
3. Vistance Networks' stock performance was negatively impacted by a broader technology sector downturn, driven by macroeconomic factors during fiscal Q3 2026. Despite some positive company-specific news regarding its Aurora Networks unit, VISN shares, along with the wider market, experienced a selloff. This broader market pressure was influenced by surging oil prices, rising Treasury yields, and a general rate-driven selloff affecting the S&P 500 and Nasdaq indices.
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Stock Movement Drivers
Fundamental Drivers
The -15.4% change in VISN stock from 6/30/2026 to 10/1/2026 was primarily driven by a -17.9% change in the company's P/E Multiple.| (LTM values as of) | 6302026 | 10012026 | Change |
|---|---|---|---|
| Stock Price ($) | 7.29 | 6.16 | -15.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 227 | 223 | -2.0% |
| Net Income Margin (%) | 3084.4% | 3265.0% | 5.9% |
| P/E Multiple | 0.2 | 0.2 | -17.9% |
| Shares Outstanding (Mil) | 225 | 227 | -0.8% |
| Cumulative Contribution | -15.4% |
Market Drivers
6/30/2026 to 10/1/2026| Return | Correlation | |
|---|---|---|
| VISN | -15.4% | |
| Market (SPY) | 2.3% | 26.5% |
| Sector (XLK) | 3.8% | 39.6% |
Fundamental Drivers
The 157.2% change in VISN stock from 3/31/2026 to 10/1/2026 was primarily driven by a 105.2% change in the company's Net Income Margin (%).| (LTM values as of) | 3312026 | 10012026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.40 | 6.16 | 157.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 144 | 223 | 55.2% |
| Net Income Margin (%) | 1591.4% | 3265.0% | 105.2% |
| P/E Multiple | 0.2 | 0.2 | -17.4% |
| Shares Outstanding (Mil) | 222 | 227 | -2.2% |
| Cumulative Contribution | 157.2% |
Market Drivers
3/31/2026 to 10/1/2026| Return | Correlation | |
|---|---|---|
| VISN | 157.2% | |
| Market (SPY) | 17.8% | 21.2% |
| Sector (XLK) | 49.0% | 15.8% |
Fundamental Drivers
The 202.3% change in VISN stock from 9/30/2025 to 10/1/2026 was primarily driven by a 480.1% change in the company's Net Income Margin (%).| (LTM values as of) | 9302025 | 10012026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.04 | 6.16 | 202.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 140 | 223 | 58.7% |
| Net Income Margin (%) | 562.8% | 3265.0% | 480.1% |
| P/E Multiple | 0.6 | 0.2 | -65.8% |
| Shares Outstanding (Mil) | 218 | 227 | -3.9% |
| Cumulative Contribution | 202.3% |
Market Drivers
9/30/2025 to 10/1/2026| Return | Correlation | |
|---|---|---|
| VISN | 202.3% | |
| Market (SPY) | 15.6% | 23.4% |
| Sector (XLK) | 40.9% | 20.2% |
Fundamental Drivers
The 1293.0% change in VISN stock from 9/30/2023 to 10/1/2026 was primarily driven by a 30343.9% change in the company's P/S Multiple.| (LTM values as of) | 9302023 | 10012026 | Change |
|---|---|---|---|
| Stock Price ($) | 0.44 | 6.16 | 1293.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 4,513 | 223 | -95.1% |
| P/S Multiple | 0.0 | 6.3 | 30343.9% |
| Shares Outstanding (Mil) | 210 | 227 | -7.3% |
| Cumulative Contribution | 1293.0% |
Market Drivers
9/30/2023 to 10/1/2026| Return | Correlation | |
|---|---|---|
| VISN | 1293.0% | |
| Market (SPY) | 84.9% | 30.6% |
| Sector (XLK) | 145.6% | 26.2% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| VISN Return | -18% | -33% | -62% | 85% | 248% | 149% | 237% |
| Peers Return | 47% | -15% | 11% | 73% | 62% | 64% | 536% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 12% | 104% |
Monthly Win Rates [3] | |||||||
| VISN Win Rate | 50% | 42% | 42% | 58% | 50% | 33% | |
| Peers Win Rate | 68% | 38% | 55% | 68% | 70% | 62% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 44% | |
Max Drawdowns [4] | |||||||
| VISN Max Drawdown | -57% | -49% | -85% | -70% | -52% | -22% | |
| Peers Max Drawdown | -19% | -36% | -29% | -23% | -40% | -34% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: CSCO, HPE, ANET, CIEN, UI.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 10/1/2026 (YTD)
How Low Can It Go
| Event | VISN | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -44.7% | -18.8% |
| % Gain to Breakeven | 80.8% | 23.1% |
| Time to Breakeven | 21 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -70.5% | -9.5% |
| % Gain to Breakeven | 238.5% | 10.5% |
| Time to Breakeven | 314 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -53.6% | -6.7% |
| % Gain to Breakeven | 115.7% | 7.1% |
| Time to Breakeven | 771 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -48.4% | -24.5% |
| % Gain to Breakeven | 94.0% | 32.4% |
| Time to Breakeven | 62 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -60.2% | -33.7% |
| % Gain to Breakeven | 151.6% | 50.9% |
| Time to Breakeven | 300 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -49.0% | -19.2% |
| % Gain to Breakeven | 96.0% | 23.8% |
| Time to Breakeven | 2671 days | 105 days |
In The Past
Vistance Networks's stock fell -44.7% during the 2025 US Tariff Shock. Such a loss loss requires a 80.8% gain to breakeven.
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| Event | VISN | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -44.7% | -18.8% |
| % Gain to Breakeven | 80.8% | 23.1% |
| Time to Breakeven | 21 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -70.5% | -9.5% |
| % Gain to Breakeven | 238.5% | 10.5% |
| Time to Breakeven | 314 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -53.6% | -6.7% |
| % Gain to Breakeven | 115.7% | 7.1% |
| Time to Breakeven | 771 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -48.4% | -24.5% |
| % Gain to Breakeven | 94.0% | 32.4% |
| Time to Breakeven | 62 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -60.2% | -33.7% |
| % Gain to Breakeven | 151.6% | 50.9% |
| Time to Breakeven | 300 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -49.0% | -19.2% |
| % Gain to Breakeven | 96.0% | 23.8% |
| Time to Breakeven | 2671 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -37.8% | -12.2% |
| % Gain to Breakeven | 60.7% | 13.9% |
| Time to Breakeven | 113 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -23.1% | -6.8% |
| % Gain to Breakeven | 30.1% | 7.3% |
| Time to Breakeven | 19 days | 15 days |
In The Past
Vistance Networks's stock fell -44.7% during the 2025 US Tariff Shock. Such a loss loss requires a 80.8% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Vistance Networks (VISN)
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Charles L. Treadway, President, Chief Executive Officer & Director
Charles L. Treadway was appointed CEO in October 2020. He has led the company through its transformation, including its name change from CommScope to Vistance Networks, which occurred on January 14, 2026.
Kyle D. Lorentzen, Executive Vice President and Chief Financial Officer
Kyle D. Lorentzen was named Executive Vice President and Chief Financial Officer in November 2021. Prior to this role, he served as Senior Vice President and Chief Transformation Officer from December 2020. Mr. Lorentzen previously held the position of CFO at Accudyne Industries from 2017 to 2020 and served as CFO and Executive Vice President of Express Energy Service from 2014 to 2017. Earlier in his career, he held various financial and managerial roles, including CEO of Constellium Ravenswood from 2011 to 2014.
Praveen Jonnala, Senior Vice President and Chief Information Officer
Praveen Jonnala serves as the Senior Vice President and Chief Information Officer for Vistance Networks.
Bart Giordano, Senior Vice President and President, RUCKUS Networks
Bart Giordano holds the title of Senior Vice President and President of RUCKUS Networks within Vistance Networks.
Krista Bowen, Senior Vice President, Chief Administrative Officer and General Counsel
Krista Bowen is the Senior Vice President, Chief Administrative Officer and General Counsel for Vistance Networks.
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The most significant risk stems from its **customer concentration and the volatile capital spending** in the communications industry. Following the sale of its Connectivity and Cable Solutions (CCS) division, Vistance Networks has a narrower focus, leading to increased customer concentration in its Access Network Solutions (ANS) segment. The top three customers in this division reportedly account for 40-45% of its revenue, making the company highly susceptible to any delays in their orders or reductions in spending. The company's performance is heavily dependent on third parties' capital expenditures for building, maintaining, or upgrading communication, data, and entertainment networks, which can be unpredictable and subject to sudden curtailments or deferrals.
Secondly, Vistance Networks is exposed to **intense competition and potential margin pressure** across its segments, particularly in the RUCKUS division. Competitors like Cisco, HPE, and Extreme Networks possess substantial resources, allowing them to engage in aggressive pricing strategies, such as price dumping, and offer bundled packages. This competitive environment can limit Vistance Networks' market share and exert pressure on its profit margins. Furthermore, price-sensitive competition for customer retention is expected to intensify, and U.S.-China trade relations also pose a risk to the company's performance.
Finally, the company exhibits **financial health concerns and market volatility**, compounded by operational challenges like component shortages. Vistance Networks has been flagged with a concerning debt-to-equity ratio and an Altman Z-Score that places it in a "distress zone," indicating a potential risk of bankruptcy within two years. The company has also been categorized as having poor financial strength based on its Beneish M-Score, suggesting possible financial manipulation. Operationally, Vistance Networks has experienced the negative impact of component shortages and rising memory chip prices, which were expected to result in a significant loss in EBITDA by 2026.
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For Vistance Networks (symbol: VISN), formerly known as CommScope Holding Company, Inc., several key drivers are expected to fuel future revenue growth over the next two to three years following its recent rebranding and divestiture of the Connectivity and Cable Solutions (CCS) business. These drivers are primarily centered around a more focused portfolio and strategic investments in its core segments.
The expected drivers of future revenue growth for Vistance Networks (VISN) include:
- Strategic Focus on Core Segments (Aurora Networks and RUCKUS Networks): By divesting its CCS business, Vistance Networks aims to concentrate resources, research and development, and sales efforts on its remaining, more focused portfolio comprising Access Networks Solutions (rebranded as Aurora Networks) and RUCKUS Networks. This enhanced focus is expected to lead to more efficient operations and accelerated growth within these specialized areas.
- Increased Investment and Innovation in Fiber Access and Edge Networking: Vistance Networks plans to make targeted investments in innovation and growth areas, specifically in fiber access networks and edge networking solutions. This strategic allocation of capital is aimed at developing advanced solutions to meet evolving market demands and capture new revenue opportunities.
- Expansion and Enhanced Offerings in Campus and Enterprise Wi-Fi Solutions (RUCKUS Networks): RUCKUS Networks, a key segment of Vistance Networks, is positioned for growth by continuing to develop and offer Wi-Fi, switching, and cloud-managed platforms. Growth in enterprise, campus, and venue connectivity, driven by increasing demand for reliable and high-performance wireless networks, is anticipated to contribute significantly to revenue expansion.
- Specialization in Broadband Access Network Products (Aurora Networks): The rebranded Aurora Networks (formerly Access Networks Solutions) is focused on providing specialized access network solutions for service providers, including hybrid fiber-coaxial (HFC) and broadband network products. Continued demand for these essential broadband infrastructure components from telco and cable providers is expected to be a key revenue driver.
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Capital Allocation Decisions for Vistance Networks (VISN)
Share Repurchases
- CommScope Holding Company, Inc. (now Vistance Networks) authorized a share repurchase program of up to $50 million of its common stock on May 1, 2025.
Share Issuance
- Vistance Networks redeemed 100% of its Series A Convertible Preferred Stock for cash when its CCS sale closed in January 2026, simplifying its capital structure.
- Dividends on the Series A Preferred Stock, originally issued in 2019, were paid in kind through December 31, 2023, totaling 162,085 shares of Series A Preferred Stock.
Outbound Investments
- Vistance Networks completed the sale of its Connectivity and Cable Solutions (CCS) segment to Amphenol Corporation for approximately $10 billion (or $10.5 billion) in January 2026. The proceeds were used to repay all outstanding debt and redeem preferred equity, with a special cash distribution of at least $10 per share planned for shareholders by the end of April 2026.
- In 2025, the company divested its Outdoor Wireless Networks (OWN) segment and Distributed Antenna Systems (DAS) business unit to Amphenol Corporation for $2.1 billion.
- In June 2024, CommScope acquired Casa Systems' cable business assets for $45.1 million, which was integrated into its Access Network Solutions (ANS) segment to enhance virtual CMTS and passive optical network offerings.
Capital Expenditures
- Vistance Networks (then CommScope) reported capital expenditures (additions to property, plant and equipment) of $25.3 million for the full year 2024 and $16.4 million in the third quarter of 2025.
- The company projected an investment in working capital and capital expenditures exceeding $200 million for the remainder of 2025, driven by business growth.
- In 2025, the company spent $283.5 million on research and development, supporting profitable growth, operational efficiency, and portfolio optimization.
Peer Outperformance in Communications Equipment
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Technology Hardware, Storage & Peripherals | 9 | 124.2% | 200.8% | 405.9% | STX 1191% · SMCI 1022% · DELL 1019% |
| Electronic Manufacturing Services | 9 | 68.5% | 189.6% | 331.5% | TTMI 899% · FLEX 742% · SANM 467% |
| Semiconductor Materials & Equipment | 20 | 105.5% | 128.6% | 129.7% | LRCX 528% · KLAC 528% · ONTO 331% |
| Communications Equipment ← | 15 | 53.5% | 173.9% | 126.8% | LITE 1125% · ANET 834% · CIEN 626% |
| Electronic Components | 8 | 80.4% | 119.9% | 94.5% | COHR 427% · GLW 392% · APH 380% |
| Technology Distributors | 8 | 47.5% | 80.2% | 89.7% | AVT 205% · SNX 173% · CNXN 116% |
| Semiconductors | 32 | 58.2% | 91.3% | 81.0% | MU 1483% · NVDA 1018% · AVGO 670% |
| Systems Software | 14 | 1.0% | 75.3% | 75.7% | PANW 389% · CRWD 327% · FTNT 200% |
| Electronic Equipment & Instruments | 13 | -5.3% | 52.3% | 30.9% | PI 228% · KEYS 126% · OSIS 105% |
| Internet Services & Infrastructure | 6 | -4.3% | 37.9% | 18.3% | DOCN 72% · VRSN 41% · GDDY 35% |
| Application Software | 40 | -18.5% | 7.3% | -26.1% | PLTR 681% · CDNS 129% · DDOG 91% |
| IT Consulting & Other Services | 9 | -17.4% | -30.1% | -37.0% | ADEA 187% · IBM 99% · CTSH -12% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 157.16 |
| Mkt Cap | 172.8 |
| Rev LTM | 26,206 |
| Op Inc LTM | 3,915 |
| FCF LTM | 4,656 |
| FCF 3Y Avg | 3,155 |
| CFO LTM | 6,000 |
| CFO 3Y Avg | 4,402 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 29.6% |
| Rev Chg 3Y Avg | 13.2% |
| Rev Chg Q | 35.4% |
| QoQ Delta Rev Chg LTM | 8.0% |
| Op Inc Chg LTM | 47.0% |
| Op Inc Chg 3Y Avg | 23.2% |
| Op Mgn LTM | 19.7% |
| Op Mgn 3Y Avg | 16.2% |
| QoQ Delta Op Mgn LTM | 1.8% |
| CFO/Rev LTM | 20.0% |
| CFO/Rev 3Y Avg | 18.6% |
| FCF/Rev LTM | 16.8% |
| FCF/Rev 3Y Avg | 16.1% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Aurora | 1,233 | 836 | 1,096 | ||
| RUCKUS | 699 | 546 | 768 | ||
| Corporate and other | 0 | 0 | 0 | 0 | |
| Access Network Solutions (ANS) | 1,336 | 1,405 | |||
| Connectivity and Cable Solutions (CCS) | 3,781 | 3,054 | |||
| Networking, Intelligent Cellular and Security Solutions (NICS) | 672 | 862 | |||
| Outdoor Wireless Networks (OWN) | 1,417 | ||||
| Total | 1,932 | 1,383 | 1,864 | 5,789 | 6,737 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2015 |
|---|---|---|---|---|---|
| Aurora | 252 | 106 | 217 | ||
| RUCKUS | 128 | 31 | 141 | ||
| Other | -5 | ||||
| Restructuring costs, net | -20 | -37 | -29 | -42 | |
| Depreciation | -21 | -32 | -46 | -100 | |
| Transaction, transformation and integration costs | -30 | -63 | -27 | -35 | |
| Equity-based compensation | -30 | -20 | -31 | -50 | |
| Corporate and other | -87 | -113 | -182 | -121 | |
| Amortization of intangible assets | -138 | -165 | -227 | -400 | |
| Acquisition accounting adjustment | -1 | -5 | |||
| Asset impairments | -472 | -1,120 | |||
| Access Network Solutions (ANS) | 272 | ||||
| Connectivity and Cable Solutions (CCS) | 657 | ||||
| Networking, Intelligent Cellular and Security Solutions (NICS) | 13 | ||||
| Patent claims and litigation settlements | -2 | ||||
| Recovery of Russian accounts receivable | -3 | ||||
| BNS | -132 | ||||
| Broadband | 17 | ||||
| Enterprise | 114 | ||||
| Wireless | 183 | ||||
| Total | 48 | -292 | -660 | -935 | 182 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Assets held for sale | 4,324 | 5,196 | 279 | ||
| Deferred income tax assets | 1,766 | 432 | 616 | 507 | 427 |
| Aurora | 1,629 | 1,689 | |||
| RUCKUS | 840 | 886 | |||
| Cash and cash equivalents | 754 | 404 | 544 | 398 | 360 |
| Divested business assets | 57 | ||||
| Divested and other business assets | 140 | ||||
| Access Network Solutions (ANS) | 1,947 | 2,633 | |||
| Connectivity and Cable Solutions (CCS) | 3,608 | 4,264 | |||
| Corporate and other | 114 | ||||
| Networking, Intelligent Cellular and Security Solutions (NICS) | 1,272 | 1,338 | |||
| Outdoor Wireless Networks (OWN) | 994 | 1,167 | 1,385 | ||
| Home Networks (Home) | 1,379 | 1,478 | |||
| Broadband | 6,308 | ||||
| The Venue and Campus Networks | 3,301 | ||||
| Total | 9,371 | 8,748 | 9,372 | 11,685 | 13,260 |
Price Behavior
| Market Price | $6.16 | |
| Market Cap ($ Bil) | 1.4 | |
| First Trading Date | 10/25/2013 | |
| Distance from 52W High | -16.1% | |
| 50 Days | 200 Days | |
| DMA Price | $6.46 | $4.86 |
| DMA Trend | up | down |
| Distance from DMA | -4.7% | 26.8% |
| 3M | 1YR | |
| Volatility | 55.8% | 122.6% |
| Downside Capture | 243.93 | 146.99 |
| Upside Capture | 148.18 | 249.78 |
| Correlation (SPY) | 26.1% | 23.5% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -0.20 | 1.16 | 1.33 | 2.85 | 2.20 | 2.39 |
| Up Beta | -2.98 | 0.58 | 1.00 | 4.11 | 3.18 | 2.28 |
| Down Beta | 1.44 | -1.79 | -0.52 | 0.96 | 1.22 | 2.26 |
| Up Capture | -13% | 127% | 138% | 523% | 545% | 8711% |
| Bmk +ve Days | 6 | 16 | 27 | 66 | 132 | 424 |
| Stock +ve Days | 8 | 19 | 28 | 63 | 129 | 380 |
| Down Capture | 9% | 246% | 238% | 149% | 128% | 112% |
| Bmk -ve Days | 16 | 26 | 37 | 60 | 120 | 328 |
| Stock -ve Days | 13 | 22 | 35 | 60 | 119 | 356 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with VISN | |
|---|---|---|---|---|
| VISN | 203.7% | 122.4% | 1.27 | - |
| Sector ETF (XLK) | 41.1% | 26.5% | 1.26 | 20.2% |
| Equity (SPY) | 15.7% | 13.0% | 0.85 | 23.4% |
| Gold (GLD) | 7.7% | 29.6% | 0.25 | 11.8% |
| Commodities (DBC) | 43.7% | 20.8% | 1.64 | -11.4% |
| Real Estate (VNQ) | 1.2% | 13.6% | -0.16 | 16.5% |
| Bitcoin (BTCUSD) | -27.0% | 44.5% | -0.58 | 15.4% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with VISN | |
|---|---|---|---|---|
| VISN | 27.6% | 102.9% | 0.65 | - |
| Sector ETF (XLK) | 21.2% | 25.9% | 0.73 | 31.1% |
| Equity (SPY) | 13.0% | 17.2% | 0.57 | 34.3% |
| Gold (GLD) | 18.6% | 18.9% | 0.80 | 4.3% |
| Commodities (DBC) | 10.3% | 19.6% | 0.40 | 1.7% |
| Real Estate (VNQ) | 0.4% | 18.9% | -0.08 | 28.5% |
| Bitcoin (BTCUSD) | 13.2% | 52.3% | 0.43 | 16.7% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with VISN | |
|---|---|---|---|---|
| VISN | 4.3% | 81.0% | 0.38 | - |
| Sector ETF (XLK) | 24.8% | 25.0% | 0.90 | 32.7% |
| Equity (SPY) | 15.3% | 17.9% | 0.72 | 36.4% |
| Gold (GLD) | 11.6% | 16.4% | 0.58 | 3.8% |
| Commodities (DBC) | 8.2% | 18.1% | 0.37 | 9.3% |
| Real Estate (VNQ) | 4.4% | 20.7% | 0.17 | 28.7% |
| Bitcoin (BTCUSD) | 63.9% | 66.2% | 1.04 | 12.2% |
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Earnings Returns History
Updated 9/9/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/6/2026 | -18.2% | -6.2% | -9.5% |
| 4/8/2026 | 0.5% | 1.9% | 176.7% |
| 10/30/2025 | 6.9% | 5.3% | 25.1% |
| 8/4/2025 | 86.3% | 100.0% | 104.4% |
| 5/1/2025 | 21.7% | 31.3% | 61.5% |
| 2/26/2025 | 26.2% | 25.8% | 14.9% |
| 11/7/2024 | -25.2% | -35.7% | -23.6% |
| 8/8/2024 | 31.0% | 58.7% | 91.1% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 15 | 13 | 13 |
| # Negative | 8 | 10 | 10 |
| Median Positive | 5.7% | 5.3% | 25.3% |
| Median Negative | -22.9% | -20.6% | -21.1% |
| Max Positive | 86.3% | 100.0% | 176.7% |
| Max Negative | -37.0% | -40.5% | -33.3% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/6/2026 | -18.2% | -6.2% | -9.5% |
| 4/8/2026 | 0.5% | 1.9% | 176.7% |
| 10/30/2025 | 6.9% | 5.3% | 25.1% |
| 8/4/2025 | 86.3% | 100.0% | 104.4% |
| 5/1/2025 | 21.7% | 31.3% | 61.5% |
| 2/26/2025 | 26.2% | 25.8% | 14.9% |
| 11/7/2024 | -25.2% | -35.7% | -23.6% |
| 8/8/2024 | 31.0% | 58.7% | 91.1% |
| 5/9/2024 | 5.7% | 9.6% | 54.3% |
| 2/29/2024 | -37.0% | -40.5% | -29.2% |
| 11/9/2023 | 0.0% | 7.0% | 17.2% |
| 8/3/2023 | -26.2% | -23.3% | -24.4% |
| 5/4/2023 | 1.1% | -10.1% | -3.1% |
| 2/23/2023 | 16.6% | -3.5% | -18.9% |
| 11/3/2022 | -26.0% | -32.1% | -33.3% |
| 8/4/2022 | 1.6% | 4.0% | 24.1% |
| 5/5/2022 | 11.8% | 2.4% | 23.1% |
| 2/17/2022 | 3.8% | 5.1% | -8.5% |
| 11/4/2021 | -15.9% | -18.4% | -12.7% |
| 8/5/2021 | -20.7% | -22.8% | -23.4% |
| 5/6/2021 | 3.2% | 4.8% | 25.3% |
| 2/17/2021 | -12.6% | -12.8% | 6.1% |
| 11/5/2020 | 3.7% | 1.3% | 34.5% |
| SUMMARY STATS | |||
| # Positive | 15 | 13 | 13 |
| # Negative | 8 | 10 | 10 |
| Median Positive | 5.7% | 5.3% | 25.3% |
| Median Negative | -22.9% | -20.6% | -21.1% |
| Max Positive | 86.3% | 100.0% | 176.7% |
| Max Negative | -37.0% | -40.5% | -33.3% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/06/2026 | 10-Q |
| 03/31/2026 | 04/30/2026 | 10-Q |
| 12/31/2025 | 02/26/2026 | 10-K |
| 09/30/2025 | 10/30/2025 | 10-Q |
| 06/30/2025 | 08/04/2025 | 10-Q |
| 03/31/2025 | 05/01/2025 | 10-Q |
| 12/31/2024 | 02/26/2025 | 10-K |
| 09/30/2024 | 11/07/2024 | 10-Q |
| 06/30/2024 | 08/08/2024 | 10-Q |
| 03/31/2024 | 05/09/2024 | 10-Q |
| 12/31/2023 | 02/29/2024 | 10-K |
| 09/30/2023 | 11/09/2023 | 10-Q |
| 06/30/2023 | 08/03/2023 | 10-Q |
| 03/31/2023 | 05/04/2023 | 10-Q |
| 12/31/2022 | 02/23/2023 | 10-K |
| 09/30/2022 | 11/03/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/06/2026 | 10-Q |
| 03/31/2026 | 04/30/2026 | 10-Q |
| 12/31/2025 | 02/26/2026 | 10-K |
| 09/30/2025 | 10/30/2025 | 10-Q |
| 06/30/2025 | 08/04/2025 | 10-Q |
| 03/31/2025 | 05/01/2025 | 10-Q |
| 12/31/2024 | 02/26/2025 | 10-K |
| 09/30/2024 | 11/07/2024 | 10-Q |
| 06/30/2024 | 08/08/2024 | 10-Q |
| 03/31/2024 | 05/09/2024 | 10-Q |
| 12/31/2023 | 02/29/2024 | 10-K |
| 09/30/2023 | 11/09/2023 | 10-Q |
| 06/30/2023 | 08/03/2023 | 10-Q |
| 03/31/2023 | 05/04/2023 | 10-Q |
| 12/31/2022 | 02/23/2023 | 10-K |
| 09/30/2022 | 11/03/2022 | 10-Q |
| 06/30/2022 | 08/04/2022 | 10-Q |
| 03/31/2022 | 05/05/2022 | 10-Q |
| 12/31/2021 | 02/17/2022 | 10-K |
| 09/30/2021 | 11/04/2021 | 10-Q |
| 06/30/2021 | 08/05/2021 | 10-Q |
| 03/31/2021 | 05/06/2021 | 10-Q |
| 12/31/2020 | 02/17/2021 | 10-K |
| 09/30/2020 | 11/05/2020 | 10-Q |
| 06/30/2020 | 08/06/2020 | 10-Q |
| 03/31/2020 | 05/07/2020 | 10-Q |
| 12/31/2019 | 02/20/2020 | 10-K |
| 09/30/2019 | 11/07/2019 | 10-Q |
Recent Forward Guidance
Updated 10/1/2026Latest: Q2 2026 Earnings Reported 8/6/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Cash | Reported | 700.00 Mil | 725.00 Mil | 750.00 Mil | ||||
| 2026 Adjusted EBITDA | Reported | 200.00 Mil | 212.50 Mil | 225.00 Mil | ||||
| 2027 Tax Refund | Reported | 160.00 Mil | ||||||
Prior: Q1 2026 Earnings Reported 4/8/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Dividends | Reported | 10 | ||||||
Q3 2025 Earnings Reported 10/30/2025
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2025 Consolidated Adjusted EBITDA | Reported | 1.30 Bil | 1.32 Bil | 1.35 Bil | 12.8% | Raised | Guidance: 1.18 Bil for 2025 | |
| 2025 RemainCo Adjusted EBITDA | Reported | 350.00 Mil | 362.50 Mil | 375.00 Mil | 7.4% | Raised | Guidance: 337.50 Mil for 2025 | |
Insider Activity
Updated 9/4/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Krause, L William | Direct | Sell | 9042026 | 6.27 | 23,864 | 149,556 | 466,935 | Form | |
| 2 | Krause, L William | Direct | Sell | 9012026 | 6.75 | 176,136 | 1,188,037 | 663,512 | Form | |
| 3 | Gilstrap, Charles A | SVP, Treasury, Tax & CAO | Direct | Buy | 8122026 | 10.75 | 10,000 | 107,500 | 3,250,983 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Krause, L William | Direct | Sell | 9042026 | 6.27 | 23,864 | 149,556 | 466,935 | Form | |
| 2 | Krause, L William | Direct | Sell | 9012026 | 6.75 | 176,136 | 1,188,037 | 663,512 | Form | |
| 3 | Gilstrap, Charles A | SVP, Treasury, Tax & CAO | Direct | Buy | 8122026 | 10.75 | 10,000 | 107,500 | 3,250,983 | Form |
Investor Activity (13F)
Updated Oct 2, 2026Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
| Active Manager | Value | % of Portfolio | Total Positions | QoQ | Filing |
|---|---|---|---|---|---|
| Monarch Alternative Capital LP | $185.8 Mil | 31.6% | 7 | Hold | 13F |
| Carronade Capital Management, LP | $139.2 Mil | 10.1% | 25 | ADD +8551.1% | 13F |
| Newtyn Management, LLC | $68.5 Mil | 7.3% | 33 | ADD +69.6% | 13F |
| Redwood Capital Management, LLC | $24.9 Mil | 3.7% | 22 | New | 13F |
| Diameter Capital Partners LP | $14.6 Mil | 2.8% | 20 | New | 13F |
| Hawk Ridge Capital Management LP | $17.2 Mil | 0.6% | 48 | New | 13F |
| PointState Capital LP | $5.3 Mil | 0.1% | 44 | New | 13F |
| Active Manager | Value | % of Portfolio | Total Positions | QoQ | Filing |
|---|---|---|---|---|---|
| Redwood Capital Management, LLC | $24.9 Mil | 3.7% | 22 | New | 13F |
| Hawk Ridge Capital Management LP | $17.2 Mil | 0.6% | 48 | New | 13F |
| Diameter Capital Partners LP | $14.6 Mil | 2.8% | 20 | New | 13F |
| PointState Capital LP | $5.3 Mil | 0.1% | 44 | New | 13F |
| Carronade Capital Management, LP | $139.2 Mil | 10.1% | 25 | ADD +8551.1% | 13F |
| Newtyn Management, LLC | $68.5 Mil | 7.3% | 33 | ADD +69.6% | 13F |
| Active Manager |
|---|
| Active Manager | Value | % of Portfolio | Total Positions | QoQ | Filing |
|---|---|---|---|---|---|
| Monarch Alternative Capital LP | $185.8 Mil | 31.6% | 7 | Hold | 13F |
| Carronade Capital Management, LP | $139.2 Mil | 10.1% | 25 | ADD +8551.1% | 13F |
| Newtyn Management, LLC | $68.5 Mil | 7.3% | 33 | ADD +69.6% | 13F |
| Redwood Capital Management, LLC | $24.9 Mil | 3.7% | 22 | New | 13F |
| Hawk Ridge Capital Management LP | $17.2 Mil | 0.6% | 48 | New | 13F |
| Diameter Capital Partners LP | $14.6 Mil | 2.8% | 20 | New | 13F |
| PointState Capital LP | $5.3 Mil | 0.1% | 44 | New | 13F |
Industry Resources
| Information Technology Resources |
| TechCrunch |
| Wired |
| CIO |
| MIT Technology Review |
| Gartner Insights |
| Ars Technica |
| Communications Equipment Resources |
| Light Reading |
| Fierce Network |
| Telecoms.com |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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