Overview
Intelligent network solutions provider's Q1 net sales rose 22% yr/yr on segment growth
Q1 adjusted EPS and adjusted EBITDA rose sharply from prior year
Outlook
Company expects Aurora standalone business to deliver $225 mln to $250 mln adjusted EBITDA in 2026
Company says financial flexibility will allow further investment in Aurora, including potential acquisitions
Result Drivers
AURORA SEGMENT GROWTH - Aurora segment net sales rose 32.6% yr/yr, driven by increases in Access Technologies business
RUCKUS SEGMENT DEMAND - RUCKUS segment net sales rose 6.3% yr/yr, primarily due to increased demand and investment in selling resources
REGIONAL SALES GROWTH - Net sales increased across all regions except the Caribbean and Latin America and Canada
Company press release: ID:nBw71v9jRa
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
$471.80 mln
Q1 Adjusted EPS
Beat
$0.34
$0.20 (2 Analysts)
Q1 EPS
$24.45
Q1 Net Income
$5.51 bln
Q1 Adjusted EBITDA
Beat
$87.30 mln
$69.70 mln (2 Analysts)
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "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 $23.50, about 124.5% above its April 29 closing price of $10.47
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 6 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)