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VISN · Vistance Networks, Inc.

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$4.24 +0.24 (+6.00%) At close · Nov 13
Market Cap
$863.20M
Shares
203.58M
Volume · Nov 13 12.74M Avg daily vol (3M) 7.9M

Price & Indicators

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20d MA 50d MA 200d MA Earnings Filing Insider Congress Investor day
Close$4.24 Open$4.22 Day$3.97–4.30 52W close$4.00–20.55 Avg vol 30d6.9M Short int39.2M · 19.2% of shares · 7.0d Short vol52% Last earningsNov 5, 2026 DataJan 2020–Nov 2026 Filing10-Q · Nov 5

Up next

Feb 25, 2027 Est · unconfirmed · in 15 wks

Latest documents

2026
Nov 9
Current report 8-K Events of Nov 4
Treadway to step down as CEO on February 1, 2027

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.

Director or officer change, or executive pay
3 source passages
On November 5, 2026, Vistance Networks, Inc. (the “Company”) announced that Chuck Treadway will step down as President and Chief Executive Officer (“CEO”) of the Company and as a member of the Board of Directors of the Company on February 1, 2027. The Board of Directors has launched a comprehensive search for the Company’s next CEO. Mr. Treadway provided his resignation on November 4, 2026, and he will receive the severance and benefits that he is entitled to receive as a result of his resignation for good reason pursuant to his Severance Protection Agreement with the Company, contingent upon his execution of a separation agreement containing a general release of claims. Open the document at this passage
Nov 5
Earnings call
Adjusted EBITDA guidance cut as CEO plans February departure

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.

4 source passages
I'm Jenny Thompson, Vice President of Investor Relations for Vistance Networks, and with me on today's call are Chuck Treadway, President and CEO, and Kyle Lorentzen, Executive Vice President and CFO. As certain customers have pushed some spending into 2027, we have revised our full-year adjusted EBITDA guidance to between $180 and $200 million. After six years as CEO of CommScope and Business Networks, I will be stepping down as President and CEO on February 1st. However, memory, pricing, and availability continues to pressure the business. In addition, certain customers are adjusting the timing of amplifier orders as they manage inventory and deployment schedules. Open the document at this passage
Nov 5
Quarterly report 10-Q FY2026 Q3, ended Sep 30
RUCKUS sale yields $1.9 billion as EBITDA improves

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.

Revenue $319.7M ▼ 5.4% Net income $1.03B ▲ 850.7% Diluted EPS $4.54 ▲ 1007.3%
Read from the MD&A section
3 source passages
On July 1, 2026, we completed the previously announced sale of our RUCKUS segment to Belden Inc. (Belden) pursuant to the Purchase Agreement, dated as of April 29, 2026, in exchange for net cash consideration of $1.9 billion. During the nine months ended September 30, 2026, we paid special cash distributions totaling $3,435.2 million, funded primarily from proceeds received from the sales of the RUCKUS and CCS segments. Non-GAAP adjusted EBITDA (2) | 133.6 | 14.2 | 95.9 | 10.7 | 37.7 | 39.3 Open the document at this passage
Nov 5
Current report 8-K
Adjusted EBITDA guidance revised; additional $100 million buyback authorized

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.

Financial results, Other events
5 source passages
Vistance Networks Reports Third Quarter 2026 Results Net sales of $319.7 million Non-GAAP adjusted EBITDA of $56.6 million Looking ahead, we are revising our full-year adjusted EBITDA guidance to $180 million to $200 million, primarily resulting from customer demand being pushed out into 2027. In addition, the Company announced that its Board of Directors has approved a share repurchase program authorizing the Company to repurchase up to an aggregate of $100 million of its outstanding shares of common stock. Open the document at this passage
Oct 14
Current report 8-K
Other events

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.

All documents

Metrics snapshot

Useful current figures from the complete screener profile.

Revenue (TTM)
$1.63B
Trailing 12 months
Net income (TTM)
$8.19B
Trailing 12 months
Revenue growth YoY
-5.4%
Year over year
Operating margin
2.1%
Trailing 12 months
P / E (TTM)
0.1
Trailing earnings · reciprocal yield 829.5%
FCF yield
-12.3%
TTM · current market cap
Return on invested capital
—
Trailing 12 months
Net cash
$683.10M
Latest balance sheet
Dividend yield
542.5%
Trailing 12 months
Shares change YoY
+2.4%
Year over year · more shares
Price change (1Y)
-74.7%
Trailing year
Short interest
19.2%
Latest settlement · 7.0 days to cover
View all 125 metrics

AI Brief

Q3 FY26 earnings call · Nov 5, 2026
Q3 FY26

TL;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.

Bullish
  • + 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.
Bearish
  • − 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 advice
Overall
Sell
SellHoldBuy
Technical Strong Sell Momentum Very Weak Sentiment Bullish Fundamentals Excellent Quant / Vol Very High
Market backdrop VIX 19.3 · elevated Equity put/call 0.63
Technical
price trend
Strong Sell
50 / 200-day cross No cross
Price vs 200-day avg −65%
below
Price vs 50-day avg −30%
below
RSI (14) 25
oversold
MACD trend Negative
52-week position 1%
near low
Momentum
relative strength
Very Weak
1-month return −27%
trailing
6-month return −67%
trailing
YTD return −77%
this year
Relative strength −67%
vs S&P · 6-mo
Sentiment
smart money
Bullish
Trend (MA cross) No cross
50d $6 › 200d $12 — 200d above 50d
Institutional flow Accumulating
288 of 360 funds reported for Sep 30 · net +12.4M sh shares · +35 new
Insider flow Distributing
Net -$209.7K over 90 days · 33% sells
Short interest Falling
19.24% of shares out · ▼ -2.6% MoM · 7.0 days cover
Volume signal Normal
Volume near normal
Institution breadth Multi-yr high
360 holders — near 3-yr high, broad support
Squeeze score 61
elevated · 0–100
Fundamentals
Excellent
Revenue growth +40%
Y/Y
Gross margin 49%
expanding
EPS growth +641%
Y/Y
Free cash flow $252.6M
Valuation P/E 0.1
below peers
Buyback $700.0M
authorized
Balance sheet $6.6B
net debt
Quant / Vol
risk profile
Very High
Volatility 88%
annualized · 1-yr
Max drawdown −81%
past year
ATR 8.0%
of price · 14-day

Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.

Guidance & track record

Latest guidance · from the 8-K filed Aug 6, 2026
end of the year
Cash $700M – $750M
2027
Tax refund $160M
2026
Aurora adjusted EBITDA Non-GAAP $200M – $225M
Previous outlook earlier release · from the Earnings Call filed Apr 30, 2026

Still-open targets the latest release did not restate under the same label.

Adjusted ebit · 2026 $225M – $250M
Prior guidance period ended · from the Earnings Call filed Mar 31, 2026
Cash on hand · end of the second quarter of 2026 $125M
Borrowing base · end of the second quarter $175M

Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.

Technicals

trend & momentum for long-term holders Strong Sell
4 · 2 · 0
50 / 200-day cross
No cross Neutral
Price vs 200-day avg
−65% Bearish
Price vs 50-day avg
−30% Bearish
RSI (14)
25 Neutral
MACD trend
Negative Bearish
52-week position
1% Bearish
Market signals — smart money & positioning
Bullish · 3 of 6
Trend (MA cross) No cross
50d $6 › 200d $12 — 200d above 50d
Institutional flow Accumulating
288 of 360 funds reported for Sep 30 · net +12.4M sh shares · +35 new
Insider flow Distributing
Net -$209.7K over 90 days · 33% sells
Short interest Falling
19.24% of shares out · ▼ -2.6% MoM · 7.0 days cover
Volume signal Normal
Volume near normal
Institution breadth Multi-yr high
360 holders — near 3-yr high, broad support
Price context
position in its 52-week range
Range low $4 Now $4 · 1% Range high $21
vs 200-day avg -65% vs 50-day avg -30%

Illustrative 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
Adjusted gross profit non-GAAP $112.8M Q2 2026 —
GAAP → non-GAAP reconciliation
GAAP 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 reconciliation
GAAP 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 reconciliation
GAAP 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 % 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
Open screener →
Company Mkt cap YTD Rev growth Y/Y P/E Short % shares
VISN
Vistance Networks, Inc.
this stock
$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
Ownership
Institutional Holders Accumulating
Holders
349
% held
120.4%
Reported
288 of 360
Top holder
BlackRock, Inc.
Held Float
View
Held by Funds
Fund positions
296
View
Short & Settlement
Short Interest Falling
Shares short
39.2M
Days to cover
7.0d
Change
-1.0M sh
View
Short Volume
Short vol %
52%
As of
Nov 13, 2026
Short Total
View
Fails to Deliver
FTD shares
2.3K
Value
$14.1K
As of
Oct 14, 2026
View
Off-Exchange
Off-exchange %
43.0%
Week of
Oct 5, 2026
Off-exch Lit
View
Smart Money
Insider Trades Net selling
Net (90d)
-$209.7K
Buyers / Sellers
2 / 1
Buyers Sellers
View
Congressional Trades Sell
Member
Susie Lee
Amount
$1.0K–$15.0K
Traded
Oct 6, 2021
View
Financials
Financials
Revenue (FY)
$1.9B
Net income (FY)
$2.3B
EPS diluted
$9.63
View
Buybacks
Authorized · 3 programs
$700.0M
View
Filings
SEC Filings
Latest
8-K
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.

View
Proposed Sales
Value
$208.9K
Shares
32.1K
Filed
Sep 17, 2026
View
Earnings & Events
Webcasts
Last webcast
Nov 9, 2026
View
Investor Relations
Latest news
Vistance Networks Reports Third Q…
Published
Nov 5, 2026
View

Performance

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

Latest dividend
$1.50 / share · ex Nov 9, 2026
Cut 70%
Paid (TTM)
$23.00 / share · 5 payouts
Dividend yield (TTM, derived)
542.45%
Full dividend history
Buyback programs · 3 active · as of Nov 4, 2026
Authorized (total)
$700.00M
Spent (derived)
—
Remaining
—

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.

Key facts CIK 1517228 CUSIP 20337X109 13F (30d) 260 filings 227 filers Visit website Investor relations