CommScope Holding Company, Inc.
🔔 Watch stock
Assessment
Our Rating
A journalistic assessment by our editorial team at the time of the deep dive — it rates the company, not the entry point. Not investment advice and not a solicitation to buy or sell.
The business works in principle, but one material question is open. As long as it stays open, our findings do not carry a quality verdict.
Why this colour
After repaying $7.26 billion of debt the balance sheet is genuinely sound, there is no going-concern language, no listing risk and no hole in the substance — that rules out red. What is missing for green is proof that the remaining business earns on its own: a pro forma operating loss of $29.8 million for 2025 and $0.6 million of operating income for the first quarter of 2026, while one customer supplies roughly 35 percent of revenue. That is the classic open operating question — yellow until two or three quarterly reports free of divestiture and tax effects show what Aurora Networks can carry alone. The decision is yours.
What the thesis turns on
Assessment: Opportunities & Risks
As of July 26, 2026 Vistance Networks is above all one thing: a very well-filled cash box with no debt, attached to a mid-sized business selling equipment to cable operators. The balance-sheet rebuild is documented and impressive, and Aurora Networks is growing for real — but the remaining group earned nothing operationally in 2025 on a pro forma basis, and a single customer supplies a good third of revenue. Buying here means betting on how the money gets used and on the cable operators' capital-spending cycle, not on a proven profit engine. Not investment advice.
Balance sheet
Within a single quarter, from negative equity of $1,004.1 million (December 31, 2025) to positive $4,594.5 million (March 31, 2026), from $7,260.2 million of long-term debt to zero and from $754.4 million to $2,510.0 million of cash. All notes were redeemed on January 26, 2026 and the Carlyle preferred stock was fully redeemed. The new $300 million revolver with Citibank (since April 7, 2026, maturing April 7, 2031) is a reserve tank, not a burden.
Earning power of what is left
Without RUCKUS the group would have reported a $29.8 million operating loss on $1,244.8 million of revenue in 2025; the first quarter of 2026 left $0.6 million of operating income on $298.4 million of revenue. Reported income from continuing operations rests on tax benefits of $297.5 million (2025) and $190.3 million (Q1 2026), not on operations (Form 8-K/A filed July 8, 2026, Exhibit 99.1).
Growth of the remaining segment
Aurora Networks grew segment revenue by $396.9 million to $1,232.7 million in 2025 and lifted adjusted segment EBITDA from $106.0 million to $251.9 million, a margin move from 12.7 to 20.4 percent. The first quarter of 2026 added another $73.4 million — the cable operators' investment cycle is running (10-K 2025 and 10-Q for March 31, 2026).
Customer concentration
Comcast accounted for roughly 35 percent of group revenue in 2025 — after 21 percent in 2024 and 20 percent in 2023 — and for roughly 42 percent of receivables at December 31, 2025. Comcast was a customer of both Aurora and RUCKUS; after the RUCKUS sale the remainder stands on fewer legs (10-K 2025, Note 21).
Comparability of the numbers
Reported group revenue fell from $9,228.1 million (2022) through $5,789.2 million (2023) to $1,931.6 million of continuing revenue (2025), because at every step segments moved into discontinued operations. Any metric carried across January 9, 2026 blends three different companies. The stored data still carried the stock under its old name as of July 25, 2026.
Returns to shareholders
$10.00 per share flowed back on April 27, 2026, and the buyback authorization was doubled from $50 million to $100 million on April 29, 2026. The pro forma exhibit announces a second special distribution within 60 days of the July 1, 2026 RUCKUS closing, with the board to set amount and timing. Cash returns are welcome, but they do not substitute for operating earnings.
Worth Noting
VISN reached our research list at rank 10 of 82 in our in-house big-earnings-surprise ranking (U.S. selection, measured July 26, 2026). The lists are recalculated daily, so rank and composition change.
Two ways to get the identity wrong: the stored data still carried the stock as "CommScope Holding Company, Inc." as of July 25, 2026, and the ticker VISN belonged to VisionChina Media, with its own SEC identifier, until 2017. What counts is CIK 0001517228 with the former name CommScope Holding Company, Inc. (April 4, 2011 to January 13, 2026).
Price series need an adjustment: $10.00 per share was distributed on April 27, 2026. Price and valuation figures in this analysis are dated to the closing price of July 24, 2026; analyses are evergreen and daily prices are not a buy argument.
The quarterly report for June 30, 2026 was not yet on file as of July 26, 2026 (expected August 6, 2026). It will present RUCKUS as a discontinued operation for the first time. Until then the pro forma exhibit of July 8, 2026 is the best available view of today's company — explicitly an illustration under Article 11 of Regulation S-X, not a set of actual accounts.
Stock Watch
This analysis is as of August 26, 2026. Stock Watch will tell you what's changed at VISN since then.
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Price history
Chart
Interactive price chart (TradingView).
52-week range: 6.10 $ to 20.60 $ · Last price: 6.50 $ (As of: September 17, 2026)
Key figures
Key figures at a glance
Every figure we hold for this stock, grouped by topic. The question mark next to a label explains what the number means.
Basics
Performance
Technical Indicators
Calculated from the price history · as of 09/18/2026
Valuation
Profitability
Balance Sheet & Safety
Growth
Dividend
Quality & Screener
Highlighted are things our editorial team noticed: green = stands out as strong, red = deserves a closer look. No single metric is a verdict on its own — always read it in context.
Comparison
Industry comparison
The stock alongside the largest companies in the same group. The median row is the middle value of the companies shown above — not of the whole industry.
Industry: Communication Equipment
| Company | Market cap ($B) | P/E | EV/EBITDA | Gross Margin % | EBIT Margin % | Sales Growth (Year) % | Perf. 1Y % |
|---|---|---|---|---|---|---|---|
| CommScope Holding Company, Inc. VISN | 1.5 | – | 5.3 | 47.0 | 7.1 | -54.1 | 42.3 |
| Cisco Systems Inc CSCO | 436.0 | 35.3 | 22.8 | 64.5 | 25.0 | 5.3 | 66.2 |
| Hewlett Packard Enterprise Co HPE | 78.0 | 57.4 | 14.2 | 36.6 | 8.7 | 14.1 | 152.6 |
| Motorola Solutions Inc MSI | 76.3 | 37.7 | 22.9 | 52.1 | 19.8 | 8.0 | -2.7 |
| Lumentum Holdings Inc LITE | 71.0 | 154.2 | 114.9 | 44.2 | 21.8 | 21.0 | 447.1 |
| Ciena Corp CIEN | 48.8 | 113.9 | 47.4 | 44.1 | 15.2 | 18.8 | 152.4 |
| Ubiquiti Networks Inc UI | 36.1 | – | 27.8 | 46.2 | 36.9 | 33.5 | -1.3 |
| Telefonaktiebolaget LM Ericsson B ERIC | 33.6 | 13.2 | 7.0 | 47.6 | 0.0 | -14.2 | 30.2 |
| Ast Spacemobile Inc ASTS | 24.4 | – | -2.3 | 38.9 | -1,014.0 | 1,505.2 | 52.3 |
| Median of companies shown | 48.8 | 47.5 | 22.8 | 46.2 | 15.2 | 14.1 | 52.3 |
Based on the most recently reported figures. Only stocks from the same trading venue are lined up, so the market caps are counted in one currency. Compare in a chart →
Fiscal years
Annual Figures
Fiscal years from the audited annual reports, oldest first. EBIT is the operating profit before interest and taxes; total assets are everything the company owns.
Revenue, operating income and net income per fiscal year $M
Revenue Operating income Net income
| Fiscal Year | Revenue ($M) | EBIT ($M) | Net Income ($M) | EPS ($) | Operating Cash Flow ($M) | Equity ($M) | Total Assets ($M) |
|---|---|---|---|---|---|---|---|
| 2016 | 4,924 | 718 | 223 | 1.13 | 606 | 1,394 | 7,142 |
| 2017 | 4,561 | 564 | 194 | 0.98 | 586 | 1,648 | 7,042 |
| 2018 | 4,569 | 529 | 140 | 0.72 | 494 | 1,757 | 6,631 |
| 2019 | 8,345 | 151 | -930 | -4.80 | 596 | 1,836 | 14,432 |
| 2020 | 8,436 | 268 | -573 | -2.91 | 436 | 1,397 | 13,577 |
| 2021 | 8,587 | 293 | -463 | -2.27 | 122 | 900 | 13,260 |
| 2022 | 7,525 | 606 | -1,287 | -6.20 | 190 | -446 | 11,685 |
| 2023 | 4,565 | 221 | -1,507 | -7.14 | 297 | -1,807 | 9,372 |
| 2024 | 4,206 | 331 | -288 | -1.34 | 273 | -2,229 | 8,748 |
| 2025 | 1,932 | 67 | 1,415 | 6.15 | 323 | 275 | 9,371 |
Quarters
Quarterly Figures
Each bar is one quarter, the last one is the most recent. Use the switch to step through the individual figures.
Revenue & Profit
Cash Flow
Balance Sheet
Margins
Per Share
Click the chart or tab into it, then use ← and → to step through the periods.
None of the selected stocks reports this metric. Pick another metric or switch between annual and quarterly.
· Total · per year
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The figures could not be loaded right now.
Source: fundamental data
| Quarter | EPS (Earnings Per Share) | EPS YoY (%) | Sales ($M) | Sales YoY (%) | Net Margin (%) | OCF ($M) | FCF ($M) |
|---|---|---|---|---|---|---|---|
| 2024: Q4 | 0.03 | – | 1,169 | 26.60 | 0.50 | 278 | 271 |
| 2025: Q1 | -0.40 | – | 388 | -56.90 | 202.00 | -187 | -202 |
| 2025: Q2 | 0.07 | -46.20 | 1,388 | 31.70 | 2.30 | 77 | 65 |
| 2025: Q3 | 0.39 | – | 1,630 | 50.60 | 6.70 | 151 | 135 |
| 2025: Q4 | 6.13 | 20,577.10 | 515 | -56.00 | 264.20 | 281 | 256 |
| 2026: Q1 | -6.66 | – | 472 | 21.60 | -317.90 | -227 | -229 |
| 2026: Q2 | 1.21 | 1,628.60 | 320 | -77.00 | 92.40 | -73 | -75 |
What Do These Terms Mean?
- EPS (Earnings Per Share):
- Quarterly profit divided by the total share count — how much of the profit works out to a single share.
- YoY (Year over Year):
- Change versus the same quarter a year ago — this is how you compare without seasonal distortion (e.g. the holiday shopping season).
- Sales:
- All revenue for the quarter, before any costs are deducted — the top line of the income statement.
- Net Margin:
- What percentage of sales is left over as profit in the end. Negative means the company is posting a loss.
- OCF (Operating Cash Flow):
- The cash that actually flows into the till from the core business during the quarter — harder to dress up than book profit.
- FCF (Free Cash Flow):
- Operating cash flow minus capital expenditures — the money that's genuinely free to use, say for paying down debt, buybacks, or dividends.
Screening
Appears in These Scanners
This stock currently matches 12 of our scanner strategies — each hit links to the scanner.
Quality & Balance Sheet
Breakout & Setup
Momentum & Trend
- 21-EMA Trend
- Above 21-EMA Pullback
- Above the 50- & 200-SMA
- Gary Antonacci: Dual Momentum (Stock Adaptation)
- Mark Minervini: Trend Criteria — 1 Month
- RS Leader (≥90)
- Stage 2 Leader
- Stan Weinstein: Stage 2
Research
Only genuine hits from verified scanners count; pure ranking metrics (P/E, P/S, and similar, which just sort the whole universe) don't count as a hit. View all scanners
Outlook
Analysts & Price Target
Combined picture of the price targets and recommendations of every analyst covering the stock. Price targets are expectations for the next 12 months, not promises — and they often follow the price rather than predict it.
Estimates by Fiscal Year
| Fiscal Year | EPS Estimate ($) | EPS Range ($) | Revenue Estimate ($M) | Expected Growth | Analysts |
|---|---|---|---|---|---|
| 12/31/2026 | 0.85 | 0.85 – 0.85 | 1,433 | -37.9% | 1 |
| 12/31/2027 | 0.70 | 0.70 – 0.70 | 1,453 | -18.2% | 1 |
Average of the analyst estimates for the coming fiscal years. The range shows how far the most optimistic and the most cautious estimate sit apart — the wider it is, the less certain the expectation.
Valuation
What is priced in?
Instead of guessing what the stock is worth, we turn the question around: what free cash flow growth has to happen for today’s market value to add up? The assumptions behind it can be moved.
Today’s market value implies roughly 5.4% growth in free cash flow per year over ten years (assumptions: discount rate 10.0%, terminal growth 2.5%).
| Free cash flow (last twelve months) | $86.9M |
|---|---|
| Market cap | $1.47B |
| Free cash flow in year ten | $147.0M |
| Terminal value as a share of market value | 52.8% |
For comparison: over the past five years free cash flow shrank by 4.3% per year.
It shows which assumption is built into today’s price, not whether that assumption will hold. Every assumption can be changed with the sliders; the figures move with them.
A simplified model calculation — not a forecast and not a recommendation.
AI classification
AI Rating
Vistance Networks nennt KI-gestützte Netzautomatisierung als einen der Schwerpunkte der eigenen Forschung und beschreibt den Einsatz von KI und generativer KI im Haus sowie über Dienstleister — eine KI-Umsatzquelle weist der Konzern dagegen nirgends aus; die KI-Erzählung rund um Rechenzentren gehörte zur Sparte CCS, die am 09.01.2026 an Amphenol verkauft wurde.
View the full file — quotes, sources, reviewed filings
„We intend to focus our major R&D activities on high-growth opportunities such as Wi-Fi 7 and 6GHz, cloud management systems, AI-driven network automation and converged operational/information technology solutions, CCAP, DAA, DOCSIS 4.0 and passive optical network (PON)."
Wir wollen unsere wesentlichen Forschungs- und Entwicklungsarbeiten auf wachstumsstarke Felder konzentrieren, etwa Wi-Fi 7 und 6 GHz, Cloud-Managementsysteme, KI-gestützte Netzautomatisierung und konvergente Lösungen für Betriebs- und Informationstechnik, CCAP, DAA, DOCSIS 4.0 sowie passive optische Netze (PON).
10-K · 2026-02-26 · View SEC filing
„The use of artificial intelligence (AI) and generative AI technologies, both internally and through third-party providers, may create new cybersecurity risks or exacerbate existing ones, including the risk of cybersecurity incidents, data breaches or unauthorized access to sensitive information."
Der Einsatz von künstlicher Intelligenz (KI) und generativer KI — sowohl im eigenen Haus als auch über Dienstleister — kann neue Cyber-Risiken schaffen oder bestehende verschärfen, darunter Sicherheitsvorfälle, Datenabflüsse oder unbefugte Zugriffe auf sensible Informationen.
10-K · 2026-02-26 · View SEC filing
Filings Reviewed: 10-K 2026-02-26 · 10-Q 2026-04-30 · 10-Q 2025-10-30 · 10-Q 2025-08-04 · 10-Q 2025-05-01 · 10-K 2025-02-26
Rated on July 26, 2026 · How the Rating Is Built
Growth
Growth Score
Ten checks against the annual reports — each one passed counts a point.
- Revenue grows by more than 15% a year over three years -36.4%
- More than 10% revenue growth is expected for the coming year 9.8%
- Share count grows by less than 3% a year 3.5%
- Revenue growth plus cash-flow margin add up to at least 40 ("Rule of 40") -41.0%
- Gross margin at 40% or higher and without meaningful erosion 42.3%
- Goodwill from acquisitions does not grow faster than revenue 8.2%
- Net debt below twice EBITDA 30.7 x EBITDA
- Operating cash flow covers the profits of the last three years 1,273 m
- Return on capital at 15% or higher, or up versus two years ago 0.8%
- Insiders hold at least 10% or are net buyers 3.3%
A criterion without figures counts neither as passed nor as failed; a score is only produced from 7 judgeable criteria upwards. Source: fundamental data. All ten criteria in detail
Quality check
AAQS
1/10The AAQS (AlleAktien Quality Score) checks 10 quality criteria on growth, profitability, and balance-sheet strength — per the methodology developed and published by AlleAktien, calculated by us from our own fundamental data. A stock counts as a quality stock from 9 out of 10 points. Where a company has a shorter listing history, we calculate over the fiscal years available (at least five).
- Sales growth 10Y > 5% -9.9%
- Exp. sales growth 3Y > 5% -13.3%
- EBIT growth 10Y > 5% -23.2%
- Exp. EBIT growth 3Y > 5% -66.4%
- Net debt < 4x EBIT 98.9x
- EBIT positive, 10Y straight 10
- Max. EBIT decline < 50% 90.7%
- Return on equity > 15% –
- ROCE > 15% 0.8%
- Expected return > 10% -60.6%
View stocks with the full AAQS score · Read the methodology at AlleAktien
Source: fundamental data
Insiders
Insider Transactions
Reportable transactions by officers and major shareholders from SEC Form 4 filings. "Other" includes things like stock grants and option exercises without a buy/sell character.
| Date | Person | Role | Type | Shares | Price | Value |
|---|---|---|---|---|---|---|
| Sep 2, 2026 | Krause L William | Director | Sell | 23,864 | 6.27 | 149,556 |
| Aug 28, 2026 | Krause L William | Director | Sell | 176,136 | 6.75 | 1,188,037 |
| Aug 10, 2026 | Gilstrap Charles A | SVP, Treasury, Tax & CAO | Buy | 10,000 | 10.75 | 107,500 |
| Aug 10, 2026 | Krause L William | Director | Other | 102,300 | 0.00 | – |
The company
About the Company
Vistance Networks, Inc. bietet Infrastrukturlösungen für Kommunikations-, Rechenzentrums- und Unterhaltungsnetze in den USA, Europa, dem Nahen Osten, Afrika, im asiatisch-pazifischen Raum, in der Karibik und Lateinamerika an.
- Employees
- 4,500
- Headquarters
- Richardson, TX
- Address
- 2601 Telecom Parkway, 75082 Richardson, United States
- Phone
- 972 952 9700
- Website
- vistancenetworks.com
- IPO Date
- 01/13/2026
- ISIN
- US20337X1090
Management
| Name | Title | Birth Year |
|---|---|---|
| Charles L. Treadway | President, CEO & Director | 1966 |
| Kyle David Lorentzen | Executive VP & CFO | 1966 |
| Charles A. Gilstrap | Senior VP of Treasury, Tax & Chief Accounting Officer | 1966 |
| Krista R. Bowen J.D. | Senior VP, Chief Administrative Officer, General Counsel & Secretary | 1972 |
| Koen ter Linde | Senior VP and President of Connectivity & Cable Solutions | 1975 |
| Praveen Jonnala | Senior VP & Chief Information Officer | – |
| Jenny Thompson | Head of Investor Relations | – |
| Jennifer L. Crawford CPA | CFO of Connectivity & Cable Solutions Segment | 1982 |
| Guy Sucharczuk | Senior VP & President of Aurora Network Solutions | 1966 |
| Steven Bronken | Head of Global Hospitality of Ruckus Networks | – |
Executives per the latest required filings; titles kept in their original language. Source: fundamental data.
Filings
Company Filings (8-K)
An 8-K is the filing a US company must use to disclose material events immediately — takeovers, changes at the top, major contracts or payment troubles, for instance. The links open the original document at the US Securities and Exchange Commission (SEC).
- 08/26/2026 Vistance Networks, Inc. (VISN): Other Events; Financial Statements and Exhibits SEC ↗
- 08/06/2026 Vistance Networks, Inc. (VISN): Results of Operations and Financial Condition; Financial Statements and Exhibits SEC ↗
- 08/06/2026 Vistance Networks, Inc. (VISN): Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers; Other Events; Financial Statements and Exhibits SEC ↗
- 07/08/2026 Vistance Networks, Inc. (VISN): Completion of Acquisition or Disposition of Assets; Financial Statements and Exhibits SEC ↗
Data as of: September 17, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.