Vecima Networks (TSE:VCM) Raised to Moderate Buy at Cormark

Vecima Networks (TSE:VCM - Get Free Report) was upgraded by Cormark from a "hold" rating to a "moderate buy" rating in a note issued to investors on Tuesday,Zacks.com reports. Cormark also issued estimates for Vecima Networks' FY2025 earnings at ($0.06) EPS and FY2026 earnings at $0.59 EPS.

Separately, Raymond James cut their target price on shares of Vecima Networks from C$27.00 to C$20.00 in a research report on Friday, February 14th.

Vecima Networks Stock Down 3.4%

Shares of VCM stock traded down C$0.35 during trading on Tuesday, hitting C$9.86. 4,500 shares of the company were exchanged, compared to its average volume of 4,979. The company has a debt-to-equity ratio of 22.94, a quick ratio of 0.83 and a current ratio of 1.73. The firm has a market capitalization of C$236.63 million, a price-to-earnings ratio of 11.96 and a beta of 0.63. The business's 50-day simple moving average is C$9.89 and its 200 day simple moving average is C$12.83. Vecima Networks has a twelve month low of C$8.43 and a twelve month high of C$22.34.

About Vecima Networks

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.