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Vistance Networks Stock Soars 22% on Q1 Beat, $1.85B RUCKUS Sale to Belden and $100M Buyback Plan

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RICHARDSON, Texas — Vistance Networks Inc. shares surged more than 22% Thursday, climbing to $12.84 in morning trading after the networking technology company reported a strong first-quarter earnings beat and announced a transformative $1.846 billion all-cash sale of its RUCKUS Networks business to Belden Inc., accelerating its shift toward a focused, high-margin Aurora platform.

Vistance Networks Stock Soars 22% on Q1 Beat, $1.85B RUCKUS
Vistance Networks Stock Soars 22% on Q1 Beat, $1.85B RUCKUS Sale to Belden and $100M Buyback Plan

The move marks the latest milestone in Vistance’s ongoing restructuring, formerly known as CommScope, which has involved major divestitures to streamline operations and return capital to shareholders. The RUCKUS transaction, combined with robust Q1 results, sent the stock sharply higher as investors cheered the cash infusion and strategic clarity.

Vistance reported net sales of $471.8 million for the quarter ended March 31, up 21.6% from $388.1 million a year earlier. The top line exceeded analyst expectations. Non-GAAP adjusted net income per diluted share reached $0.34, smashing estimates by $0.12 and representing a 209% increase from the prior-year period.

Core non-GAAP adjusted EBITDA rose 38.4% to $87.3 million, reflecting margin expansion to 18.5% of sales. Both the RUCKUS and Aurora segments contributed to the growth, with Aurora — the company’s cable and video infrastructure business — posting a 32.6% revenue increase to $298.4 million.

“This transaction allows us to focus on value creation in our Aurora business,” CEO Chuck Treadway said in a statement. “With an unlevered balance sheet, we have significant financial flexibility to further invest in the Aurora business, including evaluating accretive acquisitions.”

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The RUCKUS sale to Belden, expected to close in the second half of 2026 subject to regulatory approvals, represents a premium valuation for the wireless networking unit. Proceeds will bolster Vistance’s already strong cash position of approximately $2.51 billion at quarter-end and support additional shareholder returns.

Vistance’s board also authorized a $100 million share repurchase program, providing another tool to support the stock following last week’s $10 per share special dividend that caused a nearly 50% ex-dividend drop.

Analysts viewed the announcements positively. The combination of earnings strength and strategic divestiture addresses lingering concerns about the company’s post-restructuring trajectory. Vistance has shed non-core assets, paid down debt and distributed billions to shareholders while positioning Aurora as a pure-play growth engine in broadband and data center-adjacent infrastructure.

Aurora delivered particularly strong results, with adjusted EBITDA up 31.7% year-over-year. Management guided for the standalone Aurora business to generate $225 million to $250 million in adjusted EBITDA for full-year 2026, offering a clear financial target post-transaction.

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The RUCKUS segment, while being divested, still showed resilience with 6.3% sales growth to $173.4 million and solid margin performance. Belden described the acquisition as accelerating its transformation into a full-stack networking solutions provider, highlighting strategic fit.

Vistance’s restructuring echoes broader industry trends. Communication equipment providers face pressure to specialize amid rapid technological change in 5G, Wi-Fi 7, fiber broadband and AI-driven data centers. By focusing on Aurora, the company aims to capitalize on demand for high-performance access networks.

Shares had traded as low as $3.55 in the past year before rebounding. Even after Thursday’s surge, the stock trades well below analyst targets around $22, suggesting room for further upside if execution continues. Consensus ratings lean toward Hold with Buy potential on improved visibility.

Challenges remain. The company reported negative free cash flow in the quarter due to timing and discontinued operations effects. Integration risks with prior Amphenol transaction and broader market cyclicality in telecom spending could influence results. However, an unlevered balance sheet provides a significant buffer.

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For investors, the developments highlight Vistance’s evolution from a diversified but debt-laden infrastructure player into a leaner entity. The $10 special dividend last week, while causing a mechanical price drop, returned substantial value. Combined with the RUCKUS proceeds, management has flexibility for organic investment, M&A or further distributions.

Wall Street reaction underscored relief. The stock’s 22%+ move on heavy volume reflected pent-up demand for positive catalysts after the dividend adjustment. Pre-market enthusiasm carried into regular trading, with buyers stepping in aggressively.

Vistance, rebranded in January 2026, traces roots to 1976. It employs about 4,500 people and serves telecom operators, cable providers and data center managers worldwide. The strategic pivot prioritizes intelligent network solutions in a market increasingly driven by bandwidth demand from streaming, cloud computing and AI.

Looking ahead, the company plans a conference call to discuss details. Management will likely outline post-sale capital allocation priorities and Aurora growth drivers. Analysts expect focus on margin sustainability, regional performance and potential acquisitions.

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The RUCKUS deal closes a chapter while opening another. Belden gains a strong wireless portfolio; Vistance gains cash and focus. For shareholders, the sequence of asset sales, debt reduction, dividends and buybacks has created multiple value-unlocking events in a short period.

Risks include deal execution, customer transitions and macroeconomic factors affecting telecom capex. Yet the current setup — strong earnings momentum, clean balance sheet and clear strategic direction — positions Vistance favorably compared to peers navigating similar transitions.

As trading continued Thursday, the rally showed signs of holding with conviction. Whether this marks the start of sustained re-rating depends on delivery against the new Aurora-centric guidance and effective deployment of capital. For now, investors appear optimistic that Vistance has turned a corner.

The networking sector watches closely. Successful completion of the Belden transaction could validate similar portfolio optimization strategies across the industry. For Vistance, the focus now shifts fully to executing in Aurora while realizing value from the divestiture.

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Trump signs executive order aiming to expand retirement account access

President Donald Trump signed an executive order on Thursday to help expand access to retirement savings accounts for Americans who do not have employer-provided plans.

“Beginning at the start of next year, every American will be able to go to TrumpIra.gov and open a new low-cost IRA account,” Trump said in the Oval Office. “You’ll then be able to access the same type of retirement accounts that federal employees enjoy through the Thrift Savings Plans, which are incredible. As part of the Federal Savings Match program, low-income Americans will be eligible to receive up to $1,000 per year in matching funds deposited directly into their accounts.”

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“The great thing for millions of Americans who lack employer-sponsored plans, this will be really revolutionary because they’ll be covered,” Trump said. “Nobody thought that was possible. For example, if a 25-year-old who is eligible for a Savers Match program invest just $165 a month under the matching federal contributions, they will have an estimated $465,000 in their account by the time they’re 65 years old. In other words, they’ll be rich. And there’s something awfully nice about that.”

A White House official confirmed the planned order to FOX Business earlier Thursday. 

The Trump administration’s effort will work in conjunction with 2022 legislation that instructs the federal government to match retirement-plan contributions for people earning below $35,000 with as much as $1,000 beginning next year,” Semafor reported.

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President Donald Trump attends the White House Correspondents’ Association Dinner on April 25, 2026, in Washington, D.C. (Kevin Mazur/Getty Images for OP)

The president’s new order will instruct the Treasury Department to open a TrumpIRA.gov website by the time the matching opportunity takes effect in January, a White House official indicated. Workers will be able to utilize the site to filter private-sector retirement plans based on different factors so they can join one that would enable them to receive the match if qualified.

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The department will screen the plans on the site, but will not team up with certain financial institutions like it did with Trump Accounts, the official noted, according to Semafor.

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The order will instruct the Treasury Department to publicize the match and release information for those in the private sector who wish to give workers’ IRAs, the outlet reported, adding that the White House official compared the concept to the Dells’ pledge to seed Trump Accounts for kids.

Fox News’ Patrick Ward contributed to this report

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

Craig Brelsford

Hi. This is Craig Brelsford with RedChip Companies. Thank you for joining us for what promises to be an exciting session with Lantern Pharma. Today’s session is centered around a live real-time demonstration of withZeta.ai, Lantern Pharma’s next-generation AI platform designed to transform how oncology drugs are discovered, particularly in rare cancers. Rather than just talking about the technology, you’ll see it in action, executing research workflows, synthesizing complex scientific data and generating insights in real-time. This is a rare opportunity to observe how AI is being applied at the front lines of drug development.

Lantern Pharma, which trades on the NASDAQ under the ticker LTRN, is positioning this platform not only as a scientific engine, but also as a scalable subscription-based business with meaningful commercial potential.

Joining us today is Panna Sharma, Chief Executive Officer, President and Director of Lantern Pharma, who will guide us through the demonstration and discuss the broader implications of this technology. We will begin with the presentation and demo momentarily followed by a Q&A session. [Operator Instructions]

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Before we begin, please allow me to read the safe harbor statement. This call may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements pertaining to future financial and/or operating results, along with other statements about the future expectations, beliefs, goals, plans or prospects expressed by management constitute forward-looking statements. Any statements that are not historical facts should also be considered forward-looking statements. And of course, forward-looking statements involve risks and uncertainties.

Panna, go right ahead.

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Start Hamstring Rehab Enters Key On-Court Phase as Lakers Push for Playoff Survival

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Luka Doncic

LOS ANGELES — Nearly four weeks after suffering a Grade 2 left hamstring strain, Los Angeles Lakers superstar Luka Doncic continues a cautious rehabilitation protocol focused on controlled on-court movement and progressive loading, with no firm timetable for return as the team battles through its first-round playoff series against the Houston Rockets.

Luka Doncic
Luka Doncic

The Slovenian guard, who injured his hamstring late in a blowout loss to the Oklahoma City Thunder on April 2, remains listed as out indefinitely. Coach JJ Redick confirmed this week that Doncic has advanced beyond standstill drills to light on-court activity, marking a significant step in his recovery from the partial muscle tear.

Medical experts describe a Grade 2 hamstring strain as involving noticeable fiber disruption without a complete rupture, typically requiring four to six weeks for full recovery. Doncic’s aggressive approach included traveling to Madrid shortly after the injury for specialized regenerative treatments, including platelet-rich plasma and stem cell injections under the care of physicians linked to his former club, Real Madrid.

Those interventions aimed to accelerate healing, potentially compressing the standard timeline. As of late April, sports medicine specialists like Dr. Jesse Morse estimated a possible return window of 10 to 14 days from the point when meaningful on-court movement begins, placing a potential comeback in mid-to-late May if progress holds.

Redick provided the most recent public update, noting Doncic “was able to move today a little bit on the court. Most of the stuff has been standstill. He’s progressing.” The coach stressed there is still no timeline, echoing reports from ESPN’s Shams Charania that the recovery path remains slow. Doncic has not yet progressed to one-on-one work or full-speed scrimmaging.

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The protocol follows a standard phased return-to-play model for hamstring injuries in elite athletes. Phase one emphasized protection and controlled mobility, including rest, compression, physical therapy and the European injections. Phase two has introduced light jogging, directional changes and basketball-specific movements at sub-maximal effort. Subsequent phases will incorporate sprinting, jumping, cutting and contact before clearance for game play.

Lakers medical staff monitor metrics such as muscle strength symmetry, flexibility and pain-free range of motion. Hamstring strains carry high re-injury risk — often 20-30% in professional sports — if athletes return prematurely, particularly in a high-usage player like Doncic who relies on explosive first steps and deceleration.

Doncic rejoined the team in Los Angeles ahead of the playoffs but has not traveled with the squad for road games against Houston. His presence on the bench has provided intangible leadership, yet the Lakers have leaned heavily on LeBron James, Austin Reaves (also recovering from an oblique strain) and supporting cast members.

Expectations point to Doncic missing the entire first-round series. Even if the Lakers advance, multiple reports indicate he is unlikely to be available for the start of the Western Conference semifinals, with a more realistic target around Games 3 or 4 of a potential second-round matchup. Six weeks from the April 2 injury date would land in mid-May.

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The injury occurred at a critical juncture. Doncic had been playing at an MVP-caliber level, powering the Lakers to a strong late-season surge. His absence has reshaped playoff dynamics in the Western Conference, forcing Los Angeles to adapt without its primary playmaker and leading scorer.

Team officials and medical experts weigh the long-term risks against short-term playoff ambitions. Rushing a return could jeopardize Doncic’s availability for future seasons or lead to chronic issues. Hamstring injuries have historically sidelined stars for extended periods, with re-aggravation often extending timelines significantly.

Doncic’s work ethic and competitive drive have been highlighted throughout the process. Sources describe him attacking rehab aggressively while remaining in good spirits. His agent, Bill Duffy, confirmed the European trip was a collaborative decision involving Lakers doctors and independent specialists.

Broader implications extend to the Lakers’ roster construction and future planning. The team traded for Doncic earlier in the season in a blockbuster move, banking on his superstar talent to elevate the franchise. His prolonged absence tests depth and underscores the fragility of championship contention when key pieces go down.

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Fans and analysts track every update closely. Social media buzzes with speculation about potential return dates, fueled by optimistic interpretations of practice footage and vague coaching comments. Yet insiders maintain patience is essential.

For a 27-year-old in his prime, full recovery remains highly probable with proper management. Modern sports medicine, including the biologics Doncic received, has improved outcomes for soft-tissue injuries. Strength and conditioning programs tailored to basketball movements will play a pivotal role in the final rehab stages.

As the Lakers navigate the playoffs without their All-NBA talent, focus shifts to collective resilience. James has shouldered a heavier load, while younger players step into expanded roles. A deep run without Doncic would be impressive; his eventual return could provide a massive boost for later rounds.

Looking ahead, the Lakers’ medical staff will continue daily assessments. Progression to non-contact 3-on-3 or 5-on-5 work will signal the next major milestone. Only after clearing sport-specific testing, including sprint times and change-of-direction drills, will Doncic receive medical clearance.

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The organization emphasizes a conservative approach. “We’re going to do what’s best for Luka long-term,” Redick has reiterated in various forms. That philosophy prioritizes sustainable health over rushed availability.

Doncic’s injury serves as a reminder of basketball’s physical demands. Even superstars face setbacks, and recovery protocols balance science, patience and individual response. For now, the focus remains on incremental gains — more fluid movement, greater confidence in the hamstring and steady buildup toward basketball activities.

Whether Doncic returns this postseason or begins the 2026-27 season fully healthy, his current protocol reflects best practices in elite athlete care. The basketball world watches, hoping the star’s dedication yields a strong comeback when the moment is right.

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Trump lifts Scotch whisky tariffs after King Charles’ state visit

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Trump lifts Scotch whisky tariffs after King Charles' state visit

President Trump announced Thursday he was removing tariffs on Scotch whisky after a four-day British royal state visit to the United States, crediting King Charles III and Queen Camilla.

As he often does, Trump announced the move on Truth Social.

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“The King and Queen got me to do something that nobody else was able to do, without hardly even asking!” he wrote. “In Honor of the King and Queen of the United Kingdom, who have just left the White House, soon headed back to their wonderful Country, I will be removing the Tariffs and Restrictions on Whisky.”

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Queen Camilla King Charles III President Donald Trump and First Lady Melania Trump posing on the South Lawn of the White House

Queen Camilla, King Charles III, U.S. President Donald Trump, and first lady Melania Trump pose during a state arrival ceremony on the South Lawn of the White House on April 28, 2026, in Washington, D.C. (Chip Somodevilla/Getty Images / Getty Images)

The removal affects restrictions “on Whiskey having to do with Scotland’s ability to work with the Commonwealth of Kentucky on Whisky and Bourbon, two very important industries within Scotland and Kentucky,” he added.

Trump said people have been asking for the change. However, his announcement was unclear as to whether the tariff removal applied to bottles of Scotch or on the materials used to produce alcohol in both the United States and Scotland.

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Fox News Digital has reached out to the White House for comment.

In 2025, the U.S. and the United Kingdom signed a deal allowing Washington to impose a 10% baseline tariff on imports of most British goods, part of an effort by Trump to correct what he perceived as long-standing trade imbalances.

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While speaking to reporters in the Oval Office, Trump said the tariffs were lifted to enhance the trade of barrels between Scotland and Kentucky, which produces almost all the world’s bourbon. The barrels are used to age the alcohol, The Associated Press reported.

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John Swinney, Scotland’s first minister, praised the removal, calling it a “tremendous success” for his country. 

“People’s jobs were at stake. Millions of pounds were being lost every month from the Scottish economy,” he said.

Chris Swonger, the president and CEO of the Distilled Spirits Council, called Trump’s announcement a “major victory” for American hospitality businesses that are deeply impacted by international trade.

“The United States and the United Kingdom share a deep and enduring spirits tradition built on generations of craftsmanship, agriculture and market access,” he said in a statement. “We applaud President Trump for working to restore a proven zero-for-zero model of fair, reciprocal trade between our two nations.”

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Swonger said the move “strengthens transatlantic ties” and brings “much-needed certainty to our industry,” allowing spirits producers on both sides of the Atlantic to grow, invest and support jobs at a critical time.

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