Sold, Vistance Networks (NASDAQ: VISN) sells $1.8B in asset to Belden, stock surge in pre-market

Vistance Networks (NASDAQ: VISN) shares rose 25% after the company announced it has entered into a definitive agreement to sell its RUCKUS Networks business to Belden Inc. (NYSE: BDC) for $1.846 billion in cash.

The transaction is expected to close in the second half of 2026, subject to customary closing conditions and regulatory approvals. Vistance Networks expects to receive approximately $1.7 billion in net proceeds after taxes and transaction expenses, with plans to distribute a significant portion of the excess cash to shareholders as a special distribution within 60 days following the closing.

The company also reported first quarter results for the period ended March 31, 2026, with net sales of $471.8 million, up 21.6% YoY from $388.1 million in the same quarter last year. Non-GAAP adjusted EBITDA reached $87.3 million, an increase of 85% YoY from $47.2 million.

GAAP income from continuing operations was $231.7 million, or $1.02 per share, compared to $341.1 million, or $1.50 per share, in the first quarter of 2025. Non-GAAP adjusted net income per diluted share was $0.34, up 209.1% from $0.11 in the prior year period.