Vistance Networks expects 2026 full-year adjusted EBITDA of $200 mln to $225 mln.
Company expects to end 2026 with $700 mln to $750 mln in cash and no debt.
Vistance Networks expects a $160 mln tax refund in 2027 related to divestiture strategy.
Q2 results
Intelligent network solutions provider's Q2 net sales fell 1.4% yr/yr to $319.6 mln.
Adjusted EPS and adjusted EBITDA declined yr/yr, with adjusted EBITDA down 32%.
Company announced a $5.00/share special distribution after closing the RUCKUS segment sale.
Result drivers
Regional sales mix — Co said net sales fell due to declines in EMEA and Canada, partially offset by growth in the U.S., Asia Pacific and Caribbean/Latin America.
Prior-year license sales — Co said adjusted EBITDA was down yr/yr due in part to strong license sales in Q2 2025.
Memory chip pricing and stranded costs — Co cited ongoing challenges with memory chip pricing and stranded costs from divestitures as factors weighing on profitability.
Key details and analyst coverage
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
$319.60 mln
Q2 Adjusted EPS
Miss
$0.12
$0.28 (2 Analysts)
Q2 EPS
$1.21
Q2 Net Income
$295.20 mln
Q2 Adjusted EBITDA
Miss
$35.80 mln
$90.70 mln (2 Analysts)
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell".
Wall Street's median 12-month price target for Vistance Networks Inc is $18.50, about 49.8% above its August 5 closing price of $12.35.
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 16 three months ago.
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