Added to YB: 2026-05-18
Pitch date: 2026-03-05
VISN [bullish]
Vistance Networks, Inc.
+32.32%
current return
Author Info
No bio for this author
Company Info
Vistance Networks, Inc. provides infrastructure solutions for communications, data center, and entertainment networks in the United States, Europe, the Middle East, Africa, the Asia Pacific, Caribbean, and Latin America.
Market Cap
$2.6B
Pitch Price
$8.44
Price Target
N/A
Dividend
N/A
EV/EBITDA
0.38
P/E
17.46
EV/Sales
0.08
Sector
Communications Equipment
Category
special_situation
Vistance Networks, Inc. - $VISN
VISN: Trading at $17/share with $11.70/share distributable cash (taxable as return of basis, due by April end). Remaining $5-6/share stub = ~3x EV/EBITDA on $375M 2026E EBITDA midpoint. Ruckus (Wi-Fi): $687M rev, $128M EBITDA (18.6% margin) in FY25, guiding mid-teens rev growth on Wi-Fi 7 cycle. Aurora (broadband): $1.24B rev, $252M EBITDA in FY25, though mix shift pressures 2026 margins. Comparable EXTR trades 10x EBITDA. Bloomberg reports EXTR exploring $1B Ruckus acquisition. Conservative 7x multiple on $375M EBITDA = $11-12/share stub vs $5-6 current. 100% upside as situation clarifies post-distribution. Risks: Aurora customer concentration (Comcast 20-30% of rev), DOCSIS 4.0 deployment pace, legacy license decline faster than D4.0 ramp, quarterly volatility, memory constraints.
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