Vecima Networks Inc. (TSE:VCM – Get Free Report)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$13.00 and last traded at C$13.20, with a volume of 4601 shares traded. The stock had previously closed at C$12.99.
Analyst Upgrades and Downgrades
Separately, Acumen Capital lifted their target price on Vecima Networks from C$15.00 to C$16.00 and gave the stock a “buy” rating in a research note on Friday, February 13th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, Vecima Networks presently has an average rating of “Buy” and a consensus target price of C$16.50.
Check Out Our Latest Analysis on VCM
Vecima Networks Trading Up 1.6%
Vecima Networks (TSE:VCM – Get Free Report) last announced its quarterly earnings data on Thursday, February 12th. The company reported C$0.04 earnings per share for the quarter. The firm had revenue of C$73.72 million during the quarter. Vecima Networks had a negative return on equity of 5.37% and a negative net margin of 4.22%. As a group, sell-side analysts anticipate that Vecima Networks Inc. will post 1.1799065 earnings per share for the current fiscal year.
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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