NasdaqGS:VISNCommunications
Vistance Networks (VISN) Stock Jumps As Aurora Margins Tighten
Vistance Networks just jumped 8.3% to US$10.94 in the first full session after earnings, a sharp move for a stock that had been down over the past month and quarter. The headline is not growth at any cost. The story is a profit squeeze in a capital intensive telecom equipment business that needs healthy margins to fund its product roadmap.
Q2 adjusted EBITDA for Vistance Networks’ continuing operations came in at US$36m on US$320m of net sales, while Aurora Networks’ EBITDA dropped much...