Recent Updates — COMM

Vistance Networks reported third-quarter 2026 net sales of $319.7 million, a 5.4% decline year-over-year, with GAAP income from continuing operations of $54.7 million ($0.24 per diluted share). Non-GAAP adjusted EBITDA rose 128.2% to $56.6 million. The company announced an additional $100 million share repurchase authorization, bringing total available buyback capacity to $350 million; $225 million has been utilized as of late October. Management revised full-year adjusted EBITDA guidance down to $180–$200 million due to customer demand shifts into 2027 and memory chip pressures. Vistance Networks is a global provider of intelligent network solutions for communications infrastructure.

The Board of Directors approved a one-time special cash distribution of $1.50 per share, funded by available cash and proceeds from the July sale of its Ruckus Networks business. The payment is scheduled for November 6, 2026, to stockholders of record as of October 26, 2026. Due to the magnitude of the payout relative to the stock value, Nasdaq rules set the ex-dividend date at November 9, 2026. Vistance Networks operates in the communications technology sector, providing intelligent network solutions and infrastructure services.