Cormark Increases Vecima Networks (TSE:VCM) Price Target to C$27.00

Vecima Networks (TSE:VCM - Free Report) had its price target boosted by Cormark from C$23.00 to C$27.00 in a research note published on Thursday, BayStreet.CA reports.

Vecima Networks Trading Up 3.7 %

Vecima Networks stock traded up C$0.79 during trading hours on Thursday, hitting C$22.32. The company had a trading volume of 22,112 shares, compared to its average volume of 4,926. The firm has a market cap of C$542.60 million, a P/E ratio of 36.59 and a beta of 0.62. The company has a debt-to-equity ratio of 27.09, a quick ratio of 0.83 and a current ratio of 1.58. Vecima Networks has a 1 year low of C$14.50 and a 1 year high of C$23.30. The company has a 50-day moving average price of C$17.95 and a two-hundred day moving average price of C$17.14.

Vecima Networks (TSE:VCM - Get Free Report) last released its quarterly earnings data on Wednesday, February 14th. The company reported C$0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.04 by C$0.11. The company had revenue of C$61.95 million during the quarter, compared to analysts' expectations of C$61.65 million. Vecima Networks had a net margin of 5.37% and a return on equity of 6.88%. On average, sell-side analysts anticipate that Vecima Networks will post 1.5396341 earnings per share for the current year.

Vecima Networks Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 18th. Stockholders of record on Friday, February 23rd were given a $0.055 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $0.22 annualized dividend and a dividend yield of 0.99%. Vecima Networks's payout ratio is presently 36.07%.

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.