Cormark Has Negative View of Vecima Networks FY2025 Earnings

Vecima Networks Inc. (TSE:VCM - Free Report) - Equities research analysts at Cormark dropped their FY2025 earnings estimates for Vecima Networks in a report issued on Monday, February 10th. Cormark analyst J. Pytlak now anticipates that the company will post earnings of $0.10 per share for the year, down from their previous estimate of $0.87. Cormark has a "Market Perform" rating and a $14.00 price objective on the stock. The consensus estimate for Vecima Networks' current full-year earnings is $1.18 per share. Cormark also issued estimates for Vecima Networks' FY2026 earnings at $1.06 EPS.

A number of other equities research analysts have also recently commented on VCM. Accountability Research reduced their price objective on Vecima Networks from C$27.00 to C$24.00 in a research note on Friday, November 15th. Raymond James cut their target price on Vecima Networks from C$27.00 to C$20.00 in a report on Friday.

Vecima Networks Stock Up 6.8 %

Shares of VCM traded up C$0.75 during trading hours on Wednesday, hitting C$11.75. The stock had a trading volume of 2,039 shares, compared to its average volume of 6,424. The firm has a 50 day simple moving average of C$14.76 and a 200-day simple moving average of C$18.21. Vecima Networks has a 1-year low of C$11.00 and a 1-year high of C$23.01. The company has a debt-to-equity ratio of 22.94, a current ratio of 1.73 and a quick ratio of 0.83. The firm has a market capitalization of C$281.99 million, a P/E ratio of 14.25 and a beta of 0.63.

Vecima Networks Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Friday, February 28th will be given a $0.055 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.22 annualized dividend and a yield of 1.87%. Vecima Networks's payout ratio is 26.68%.

Insider Buying and Selling at Vecima Networks

In other Vecima Networks news, Senior Officer Clay Mccreery sold 1,600 shares of the firm's stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of C$17.40, for a total transaction of C$27,840.00. In the last quarter, insiders purchased 1,500 shares of company stock worth $25,390. Insiders own 57.14% of the company's stock.

Vecima Networks Company Profile

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.