DivestmentApr 30, 2026, 07:12 AM
VISN to Sell RUCKUS for $1.846B; Boosts Buyback to $100M; Q1 Sales +21.6%
AI Summary
Vistance Networks announced a definitive agreement to sell its RUCKUS Networks business to Belden for $1.846 billion, allowing the company to focus on its Aurora business. Concurrently, the Board authorized an increased share repurchase program of up to $100 million, replacing the prior $50 million authorization. For Q1 2026, the company reported net sales of $471.8 million, a 21.6% increase year-over-year, and non-GAAP adjusted EBITDA of $87.3 million, up 85.0%.
Key Highlights
- Definitive agreement to sell RUCKUS Networks to Belden for $1.846 billion.
- Board authorized increased share repurchase program of up to $100 million.
- Q1 2026 net sales rose 21.6% YoY to $471.8 million.
- Q1 2026 GAAP income from continuing operations was $231.7 million, down 32.1% YoY.
- Q1 2026 non-GAAP adjusted EBITDA increased 85.0% YoY to $87.3 million.
- Q1 2026 cash flow used in operations was $(226.6) million.
- Aurora segment net sales increased 32.6% YoY to $298.4 million.
- RUCKUS segment net sales increased 6.3% YoY to $173.4 million.