Capital investment and capacitymixed · 5 filings
“The net cash generated by investing activities also benefited from favorable impacts due to decreased capital expenditures of $4.2 million compared to the prior year period.”10-Q · Aug 6, 2026 ↗
Vistance Networks, Inc.
VISN
Market read
Vistance Networks, Inc.'s current read is isolated; its market group is not confirming.
The latest filing is mixed. 0 of 7 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 15 directly disclosed connections are confirming.
What changed
- Revenue increased 21.6% versus the comparable filing period.
- Gross margin fell 1.4 percentage points.
Company-0.2% todayVolume comparison unavailable
Market group0 of 7 activeMixed Growth Exposure · unavailable
Disclosed network0 of 8 confirmingNo filing-linked name is confirming now
What would change this read
Watch this read- The latest three months combined lower pricing, unfavorable product mix, and lower volume with a 10.4-point gross-margin decline.
Invalidation: The isolated read changes if VISN's group or a disclosed connection begins moving with it.
Research brief
The story so far
The latest filing is mixed. 0 of 7 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 15 directly disclosed connections are confirming.
Evidence that supports
- Revenue increased 21.6% versus the comparable filing period.
- Operating margin improved 9.2 percentage points.
- Net income increased 602.6% versus the comparable filing period.
Evidence that challenges
- Gross margin fell 1.4 percentage points.
- Operating cash flow covered only -0.04x net income.
What would clarify the read
- The latest three months combined lower pricing, unfavorable product mix, and lower volume with a 10.4-point gross-margin decline.
Company research
Understand the business, not just the ticker
Business model and earnings drivers
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Key research questions
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
Annual periods9
Price observations327
Usable filing statements177
Verified relationships13
Evidence supporting the case
- Latest annual revenue changed +39.7% year over year.
- Operating margin changed +23.6 percentage points in the latest annual period.
- Net margin changed +141.0 percentage points in the latest annual period.
- Capital investment and capacity has repeated favorable evidence across 5 filings.
Evidence challenging the case
- Diluted shares increased 7.3% in the latest annual period.
- Operating cash flow was only 0.14x net income in the latest annual period.
- Credit and interest rates has repeated adverse evidence across 5 filings.
- Input and raw-material costs has repeated adverse evidence across 5 filings.
- Pricing and mix has repeated adverse evidence across 5 filings.
Questions before a position
- P/E is 98% below the available filing-peer median; determine whether growth and quality justify the difference.
- EV/sales is 33% below the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context
Price as of Sep 10, 2026
6.406m-64.0%12m-60.5%24m—
Annual trajectory
Reported annual revenue and per-share history. This is accounting history, not a forecast.
PeriodRevenueYoYDiluted EPSShare change
2021-12-31$6.7B-20.1%$-2.55+3.5%
2022-12-31$5.8B-14.1%$-6.49+1.9%
2023-12-31$1.9B-67.8%$-7.44+1.7%
2024-12-31$1.4B-25.8%$-1.78+1.7%
2025-12-31$1.9B+39.7%$9.63+7.3%
What management says matters
Persistent and emerging business drivers
Credit and interest ratesnegative · 5 filings
“Effective July 1, 2026, in connection with the sale of the RUCKUS segment, the aggregate commitments under the Revolving Credit Facility were reduced from $ 300.0 million to $ 246.9 million, subject to applicable borrowing base limitations.”10-Q · Aug 6, 2026 ↗
Input and raw-material costsnegative · 5 filings
“39 For the three and six months ended June 30, 2026, Aurora segment operating income and adjusted EBITDA decreased compared to the prior year periods primarily driven by unfavorable product mix, lower pricing, lower sales volume and higher SG&A, partially off…”10-Q · Aug 6, 2026 ↗
Pricing and mixmixed · 5 filings
“39 For the three and six months ended June 30, 2026, Aurora segment operating income and adjusted EBITDA decreased compared to the prior year periods primarily driven by unfavorable product mix, lower pricing, lower sales volume and higher SG&A, partially off…”10-Q · Aug 6, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 0.8× · EV/sales 4.1×. Comparisons use only industry-matched filing peers.
Scenario scaffold
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
6.40-0.2% today
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for VISN. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Latest filing assessment · baseline
The latest filing presents a mixed picture
10-Q filed 2026-04-30 against the comparable filing from 2025-05-01.
OperationsconstructiveEvidence score +4
liquiditycautiousEvidence score -1
valuationmixed
What improved
- Revenue increased 21.6% versus the comparable filing period.
- Operating margin improved 9.2 percentage points.
- Net income increased 602.6% versus the comparable filing period.
What weakened
- Gross margin fell 1.4 percentage points.
- Operating cash flow covered only -0.04x net income.
Filing receipts
“For the three months ended March 31, 2026, Aurora segment operating income and adjusted EBITDA increased compared to the prior year period primarily due to higher sales volumes and lower R&D costs, partially offset by lower pricing, higher SG&A and input costs and unfavorable product mix.”
“27 Gross profit, TSA income, SG&A expense and R&D expense Three Months Ended March 31, % 2026 2025 Change Change (dollars in millions) Gross profit $ 233.7 $ 197.6 $ 36.1 18.3 % As a percent of sales 49.5 % 50.9 % TSA income 1.1 8.7 (7.6 ) (87.4 ) As a percent of sales 0.2 % 2.2 % SG&A expense 109.2 108.9 0.3 0.3 As a percent of sales 23.1 % 28.1 % R&D expense 58.2 66.2 (8.0 ) (12.1 ) As a percent of sales 12.3 % 17.1 % Gross profit (net sales less cost of sales) Gross profit increased by $36.1 million for the three months ended March 31, 2026 compared to the prior year period primarily due to increased net sales volumes and lower input costs.”
“Net sales Three Months Ended March 31, % 2026 2025 Change Change (dollars in millions) Net sales $ 471.8 $ 388.1 $ 83.7 21.6 % Domestic 327.7 264.1 63.6 24.1 International 144.1 124.0 20.1 16.2 Net sales for the three months ended March 31, 2026 increased $83.7 million, or 21.6% compared to the prior year period primarily driven by increased sales volumes partially offset by lower pricing.”
Retrospective baseline calibration. It was generated after the filing date and is not part of Jodie's live track record.
Business ecosystem
The relationships behind VISN
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
CMCSA16.0% of VISNcustomerApr 30, 2026 ▾
“Other than Comcast and TD Synnex, no direct customer accounted for 10 % or more of the Company’s net sales during the three months ended March 31, 2026 or 2025.”
SNX12.0% of VISNcustomerApr 30, 2026 ▾
“Net sales to TD Synnex Corporation (TD Synnex) accounted for 12 % of the Company’s total net sales during the three months ended March 31, 2025.”
Depended on by
NTGRNETGEAR, Inc.competitorFeb 13, 2026 ▾
“Our principal competitors include: 7 Table of Contents • within the enterprise markets, companies such as Allied Telesis, Arista, Barracuda (owned by KKR), Buffalo, Cisco Systems, Dell, D-Link, Extreme, Fortinet, Huawei, Hewlett-Packard Enterprise ("HPE") Aru…”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 19 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
VISN is currently a Follower in the organic co-movement group Mixed Growth Exposure. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.