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TickerVISN
SectorCommunication Equipment
Mkt cap$2.6B
EV / EBITDA0.2×
PostureHigh Velocity
Composite78/100
LensTarget-side
SE-Cluster Research·Issuer Brief·Q2 2026CIK 1517228

Vistance Networks, Inc.

VISNHIGH VELOCITYFILING INTENSITY

Vistance Networks, Inc. reads as High Velocity (composite 78/100); pressure / disclosure signals dominate the posture this cycle · primary market Connectivity.

Lens

Disclosed M&A capital (2023–2025)

$90M

new

vs N/A in 2020–2022

Disclosed transactions

2

new

2/3 active fiscal years in window

Buyer archetype

Consistent Strategic Buyer

Meaningful spend appears across repeat years.

Composite score

78

/100

High Velocity dominates · Filing Intensity

Financial snapshot
Revenue$4B
EBITDA$811M
Enterprise value$188M
EV / Revenue0.0×
EV / EBITDA0.2×
P/EN/A
Cash$2.5B
Total debt$7.4B
as of 2026-05-10
§ I·SE-Cluster Issuer Brief

Behavioral posture, nine reads.

Each index scores the issuer 0–100 against an EDGAR-anchored definition. Scores ≥ threshold elevate the issuer into the index's constituent set; the dominant index drives the masthead label.

Active Acquirer

43/100

Companies actively deploying disclosed capital into M&A

  • $3.4B disclosed buyer spend
  • Filed within 18d

Buyer Cadence

32/100

Buyer-side companies with recent filing activity

  • Filed within 18d
  • 204 8-Ks

Target Probability

24/100

Issuers showing target-side patterns from filings

  • 15 activism filings

Spin/Carve

0/100

Issuers showing spin-off, carve-out, or sum-of-parts posture

  • 15 activism filings

Pressure Watch

45/100

Issuers facing activism, governance, or control pressure

  • 15 activism filings
  • Latest activism 2.4y ago; discounted

Distress Watch

18/100

Issuers showing financial-distress filing patterns

  • 15 activism filings

Restatement Risk

0/100

Issuers with accounting-integrity flags from filings

Capital Velocity

Dominant
78/100

Issuers with the highest filing-activity intensity

  • 204 8-Ks
  • Filed within 18d
  • 5 form types

Quiet Power

0/100

Large issuers with low signal volume and clean disclosure cadence

  • Enterprise value $188M
  • 10-Q 26d ago
  • 2 active signals
§ II·SE-Cluster Issuer Brief

Capital cadence.

Ten-year disclosed M&A activity. Bars show spend ($MM); ticks show recorded transaction count. Disclosure tier annotated where v6 audited corpus carries an entry.

16
17
18
19
20
21
22
23
24
25

Disclosed spend $MM Disclosed transactions (right axis)Peak spend year: $123M · Peak count: 2

FYDisclosed buysDisclosed spendAvg ticketAudited tier
20251$45M$45MN/A
20241$45M$45MN/A
2023N/AN/AN/AN/A
2022N/AN/AN/AN/A
2021N/AN/AN/AN/A
2020N/AN/AN/AN/A
§ III·SE-Cluster Issuer Brief

Strategy posture.

The buyer's playbook in terms of strategic archetype: what each disclosed move says about how they're deploying capital.

Archetype mix

  • Tuck In
    20%
  • Bolt On
    20%
  • Platform
    20%
  • Technology Acquisition
    20%
  • Geographic Expansion
    20%

Strategy keywords

Terms recurring across recent 10-K acquisition disclosures.

  • tuck_in
  • bolt_on
  • platform
  • technology_acquisition
  • geographic_expansion
  • horizontal_consolidation
§ IV·SE-Cluster Issuer Brief

Filing language.

Direct excerpts from acquisition disclosures and strategy sections: the verbs the buyer chose, in the filings they signed.

Related to the acquisition of ARRIS, we are on track to deliver at least $75 million in cost synergies in the first year post close and we expect to exceed our target annual run-rate savings of $150 million ahead of the third anniversary of the close of the ARRIS transaction.

10-KFY2019

We continuously pursue strategic initiatives aimed at optimizing our utilization of resources by reducing manufacturing and distribution costs and optimizing our overall cost structure.

10-KFY2019

We are ahead of plan on our commitment around the ARRIS synergy capture and have successfully reorganized the combined business around our end markets.

10-KFY2020

Our business strategy has historically relied, in part, on acquisitions to create growth, such as our acquisitions of Casa in 2024

10-KFY2024

We anticipate that a portion of our future growth may be accomplished by acquiring existing businesses, products or technologies

10-KFY2024
§ V·SE-Cluster Issuer Brief

Market context.

Where this issuer sits inside its SE-Cluster rollup wedge, with disclosed-spend rank plus trading comparables against the public peer set.

Primary market

Connectivity

Market spend (2023–2025)
$58.6B
Market spend (2020–2022)
$121.1B
Recent vs prior
−52%
Issuer rank in market
N/A
Share of market capital
0.0%

Valuation positioning

0.2×EV / EBITDA

VISN trades at a -7.7-turn discount to the Connectivity peer median of 7.9×.

EV / Revenue
0.0×
Net debt / EBITDA
6.0×
Peer median EV / EBITDA
7.9×

Trading comparables

FMP market data · 2026-05-10

CompanyEV / EBITDAEV / RevNet debt / EBITDARevenueM&A 2023–2025
23.8×6.8×0.9×$59.1B$26.6B
20.2×6.1×-0.1×$11.9B$4.9B
7.9×2.8×0.4×$139.1B$60M
6.1×2.6×-0.1×$126.5B$3.7B
6.1×2.5×N/A$59.8B$5.1B
Vistance Networks, Inc.VISN
0.2×0.0×6.0×$4B$90M

Trading multiples from FMP market data; disclosed M&A spend from the SE-Cluster EDGAR 10-K corpus. Peer set = top disclosed buyers in Connectivity. Bars scaled to the highest EV/EBITDA in the set.

§ VI·SE-Cluster Issuer Brief

Buyer landscape.

Public buyers whose stated archetypes, target categories, and recent cadence align with this issuer as a plausible acquisition target. Scores cross EDGAR signal and disclosure overlap.

Likely buyers

No public buyers surface as a strong target-side fit on current signal.

Likely sellers / divestiture partners

No reciprocal divestiture / strategic-alternatives matches identified.

§ VII·SE-Cluster Issuer Brief

Filing activity & signal stream.

Filing cadence and event-driven signals visible on EDGAR. The signal stream below is curated from restatement / spin-carve / activism categories, providing context for any near-term call.

Filing cadence

  • 10-K (annual)142026-02-26
  • 10-Q (quarterly)392026-04-30
  • 8-K (event)2042026-05-08
  • Proxy / DEF 14A382026-03-23
  • Activism (13D / DFAN / PREC)152024-01-03

Signals on file

  • elevated

    Activism on file

    2024-01-03

    15 activist filings on file (13D, DFAN14A, PREC14A series).

  • info

    Signal

    Serial acquisition history

  • info

    Signal

    10-K strategy themes

§ VIII·SE-Cluster Issuer Brief

Audited corpus.

No audited record on file for this CIK in the current v6 corpus.

This issuer has not been extracted into the v6 audited acquirer corpus yet. The brief above pulls from ranking-level aggregates and issuer-index signal only.