Vecima Networks (TSE:VCM - Get Free Report) is set to issue 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:VCM - Get Free Report) last announced its quarterly earnings data on Thursday, September 19th. The company reported C$0.34 EPS for the quarter, missing analysts' consensus estimates of C$0.47 by C($0.13). The firm had revenue of C$87.48 million during the quarter, compared to analyst estimates of C$92.93 million. Vecima Networks had a net margin of 6.66% and a return on equity of 8.57%.
Vecima Networks Stock Up 1.9 %
Shares of TSE:VCM traded up C$0.37 during mid-day trading on Thursday, hitting C$19.38. 7,020 shares of the company traded hands, compared to its average volume of 3,256. The stock has a market cap of C$471.13 million, a P/E ratio of 24.23 and a beta of 0.63. The company has a current ratio of 1.64, a quick ratio of 0.83 and a debt-to-equity ratio of 29.61. Vecima Networks has a 12-month low of C$14.50 and a 12-month high of C$23.01. The stock has a 50-day moving average price of C$20.52 and a two-hundred day moving average price of C$20.84.
Vecima Networks Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, November 4th. Investors of record on Friday, October 11th were given a dividend of $0.055 per share. The ex-dividend date of this dividend was Friday, October 11th. This represents a $0.22 annualized dividend and a dividend yield of 1.14%. Vecima Networks's payout ratio is 27.50%.
Insider Activity at Vecima Networks
In other Vecima Networks news, Senior Officer Richard Dean Rockwell sold 2,000 shares of the business's stock in a transaction on Friday, October 4th. The stock was sold at an average price of C$20.58, for a total value of C$41,160.00. 57.14% of the stock is owned by insiders.
Vecima Networks Company Profile
(
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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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