Chuck Treadway will step down as Vistance Networks’ President, CEO and board member on February 1, 2027. The board began a CEO search, and he will receive severance and benefits contingent on executing a general release of claims.
VISN · Vistance Networks, Inc.
You came from your AI assistant. Add Equibles to it and ask about this data directly, free.
Price & Indicators
Up next
Latest documents
Vistance Networks cut full-year adjusted EBITDA guidance to between $180 and $200 million as customer deployment delays and memory costs pressured results. Chuck Treadway will step down as President and CEO on February 1st.
Vistance Networks completed the RUCKUS sale to Belden Inc. on July 1, 2026 for $1.9 billion and paid $3,435.2 million in special distributions; nine-month adjusted EBITDA rose 39.3% to $133.6 million.
Vistance Networks revised adjusted EBITDA guidance to $180 million to $200 million as customer demand moved into 2027. It reported Q3 net sales of $319.7 million and adjusted EBITDA of $56.6 million, and authorized an additional $100 million share repurchase.
Vistance Networks approved a $1.50 per share special cash distribution, payable November 6, 2026 to holders of record as of the close of business on October 26, 2026, with an ex-dividend date of November 9, 2026.
Metrics snapshot
Useful current figures from the complete screener profile.
AI Brief
Q3 FY26 earnings call · Nov 5, 2026TL;DR. Vistance lowered full-year adjusted EBITDA guidance to $180 million to $200 million as customer demand moved into 2027; Q3 sales fell 5.4%, memory costs remain a headwind, and free cash flow was negative. Aurora EBITDA rose 5%, orders and backlog increased, the company returned $16.50 per share through distributions, expanded buybacks, remained debt-free, and announced a large-scale DOCSIS 4.0 deployment with Ziggo.
- + Aurora adjusted EBITDA increased 5% year over year to $57 million.
- + Aurora orders rose 41% and backlog increased 3% to $410 million.
- + The company returned $16.50 per share through special distributions in 2026.
- + The board increased the total buyback authorization to $350 million.
- + Aurora and Ziggo announced the first large-scale deployment of Unified DOCSIS 4.0 nodes in a live network.
- + The company ended the quarter with no outstanding debt.
- − Full-year adjusted EBITDA guidance was lowered to $180 million to $200 million primarily because customer demand was pushed into 2027.
- − Net sales decreased 5.4% year over year to $319.7 million.
- − Memory chip costs create an annual impact of approximately $40 million.
- − Free cash flow used $58 million because of working-capital needs.
- − Aurora operating income decreased 9.8% to $23.0 million.
- − Customer concentration makes changes in purchasing patterns a significant near-term risk.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Still-open targets the latest release did not restate under the same label.
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders Strong SellIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Aurora net sales | $319.8M | FY2026 Q3 | -5.3% |
|
|
|||
| Adjusted gross profit non-GAAP | $112.8M | Q2 2026 | — |
GAAP → non-GAAP reconciliationGAAP Gross profit, as reported 112.9M
-0.1M Equity-based compensation
= Adjusted Gross Profit 112.8M
|
|||
| Adjusted gross profit as % of sales non-GAAP | 35.3% | Q2 2026 | — |
| Adjusted operating expense non-GAAP | $80.5M | Q2 2026 | — |
| Adjusted operating expense as % of sales non-GAAP | 25.2% | Q2 2026 | — |
| Aurora segment adjusted EBITDA non-GAAP | $45.5M | Q2 2026 | — |
| Core non-GAAP adjusted EBITDA non-GAAP | $45.5M | Q2 2026 | — |
| Core non-GAAP adjusted EBITDA as a percentage of net sales non-GAAP | 14.2% | Q2 2026 | — |
| Core operating income non-GAAP | $7M | the three months ended June 30, 2026 filing | — |
| Non-GAAP adjusted EBITDA non-GAAP | $35.8M | Q2 2026 | — |
GAAP → non-GAAP reconciliationGAAP Operating income (loss), as reported -8.9M
+19M Amortization of purchased intangible assets
+8.4M Restructuring costs, net
+6.7M Equity-based compensation
+7.6M Transaction, transformation and integration costs
+3M Depreciation
+0M Other
= Non-GAAP adjusted EBITDA 35.8M
|
|||
| Non-GAAP adjusted EBITDA as a percentage of net sales non-GAAP | 11.2% | Q2 2026 | — |
| Non-GAAP adjusted net income non-GAAP | $28.2M | Q2 2026 | — |
GAAP → non-GAAP reconciliationGAAP Income from continuing operations, as reported 26.1M
+41.7M Total pretax adjustments to adjusted EBITDA
-39.6M Tax effects of adjustments and other tax items
= Non-GAAP adjusted net income 28.2M
|
|||
| Non-GAAP adjusted net income per diluted share non-GAAP | $0.12 | Q2 2026 | — |
| Segment adjusted EBITDA non-GAAP | $35.8M | Q2 2026 | -32.1% |
|
|
|||
| Segment adjusted EBITDA % of sales non-GAAP | 11.2% | Q2 2026 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Communication Equipment — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
VISN
this stock
Vistance Networks, Inc.
|
$863.20M | -76.6% | +39.7% | 0.1 | 19.2% |
|
CSCO
Cisco Systems, Inc.
|
$377.07B | +24.2% | +2.8% | 28.7 | 1.5% |
|
MSI
Motorola Solutions, Inc.
|
$87.83B | +38.6% | +5.7% | 42.8 | 2.1% |
|
HPE
Hewlett Packard Enterprise Co
|
$64.10B | +101.0% | +13.8% | 24.9 | 3.5% |
|
LITE
Lumentum Holdings Inc.
|
$54.11B | +61.9% | +24.6% | — | 8.9% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every section- Filed
- Nov 9, 2026
- This year
- 23
Chuck Treadway will step down as Vistance Networks’ President, CEO and board member on February 1, 2027. The board began a CEO search, and he will receive severance and benefits contingent on executing a general release of claims.
ViewPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| VISN | -22.8% | -26.9% | -66.5% | -35.2% | -76.6% |
| SPY | +2.6% | -1.2% | +0.5% | -0.2% | +10.6% |
| vs SPY | -25.4% | -25.7% | -67.0% | -35.0% | -87.2% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.