Vecima Networks Inc. (TSE:VCM – Get Free Report) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$13.77 and last traded at C$13.45, with a volume of 208 shares changing hands. The stock had previously closed at C$13.80.
Analyst Upgrades and Downgrades
Separately, Acumen Capital lifted their price objective on Vecima Networks from C$15.00 to C$16.00 and gave the stock a “buy” rating in a research report on Friday, February 13th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, Vecima Networks currently has an average rating of “Buy” and a consensus target price of C$16.50.
Check Out Our Latest Research Report on Vecima Networks
Vecima Networks Trading Up 0.6%
Vecima Networks (TSE:VCM – Get Free Report) last posted its quarterly earnings results on Thursday, May 14th. The company reported C$0.06 earnings per share for the quarter. Vecima Networks had a negative return on equity of 6.16% and a negative net margin of 4.72%.The company had revenue of C$64.83 million for the quarter. As a group, analysts forecast that Vecima Networks Inc. will post 1.1799065 EPS for the current year.
Vecima Networks Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, June 22nd. Stockholders of record on Monday, June 22nd will be paid a $0.055 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.7%. Vecima Networks’s dividend payout ratio is -40.74%.
About Vecima Networks
Vecima Networks Inc delivers scalable software, services, and integrated technologies for broadband access, content delivery, and telematics. The company operates in three segments: Video & Broadband Solutions, Content Delivery & Storage, and Telematics. The Video & Broadband Solutions segment delivers scalable, flexible broadband and video networks for cable and telecommunications operators to meet tomorrow’s bandwidth demands. The Content Delivery & Storage segment develops advanced applications that protect, transform, and deliver visual media.
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