Vecima Networks (VCM) to Release Quarterly Earnings on Thursday

Vecima Networks (TSE:VCMGet Free Report) will be issuing its quarterly earnings data before the market opens on Thursday, November 14th. Analysts expect the company to announce earnings of C$0.28 per share for the quarter.

Vecima Networks (TSE:VCMGet Free Report) last posted its quarterly earnings data on Thursday, September 19th. The company reported C$0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.47 by C($0.13). Vecima Networks had a net margin of 6.66% and a return on equity of 8.57%. The firm had revenue of C$87.48 million during the quarter, compared to analysts’ expectations of C$92.93 million.

Vecima Networks Stock Performance

Shares of Vecima Networks stock opened at C$18.73 on Wednesday. The stock has a market capitalization of C$455.33 million, a price-to-earnings ratio of 23.61 and a beta of 0.63. The company has a debt-to-equity ratio of 29.61, a current ratio of 1.64 and a quick ratio of 0.83. The business has a 50-day moving average of C$20.45 and a 200 day moving average of C$20.77. Vecima Networks has a 12 month low of C$14.50 and a 12 month high of C$23.01.

Vecima Networks Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, November 4th. Stockholders of record on Friday, October 11th were given a dividend of $0.055 per share. The ex-dividend date was Friday, October 11th. This represents a $0.22 annualized dividend and a dividend yield of 1.17%. Vecima Networks’s dividend payout ratio is presently 27.50%.

Insider Activity at Vecima Networks

In other Vecima Networks news, Senior Officer Richard Dean Rockwell sold 2,000 shares of the stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of C$20.58, for a total transaction of C$41,160.00. Company insiders own 57.14% of the company’s stock.

About Vecima Networks

(Get Free Report)

Vecima Networks Inc engages in the development of integrated hardware and software solutions for broadband access, content delivery, and telematics. The company operates through three segments: Video and Broadband Solutions, Content Delivery and Storage, and Telematics. The Video and Broadband Solutions segment offers platforms that process data from the cable network and deliver high-speed internet connectivity to homes over cable and fiber, as well as adapt video services.

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Earnings History for Vecima Networks (TSE:VCM)

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