Vecima Networks Inc. (TSE:VCM – Get Free Report)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$13.00 and last traded at C$13.20, with a volume of 4601 shares trading hands. The stock had previously closed at C$12.99.
Analyst Ratings Changes
Separately, Acumen Capital boosted their price target on shares of Vecima Networks from C$15.00 to C$16.00 and gave the company a “buy” rating in a report on Friday, February 13th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of C$16.50.
Read Our Latest Stock Analysis on VCM
Vecima Networks Trading Up 1.6%
Vecima Networks (TSE:VCM – Get Free Report) last issued its quarterly earnings data on Thursday, February 12th. The company reported C$0.04 earnings per share for the quarter. Vecima Networks had a negative net margin of 4.22% and a negative return on equity of 5.37%. The business had revenue of C$73.72 million during the quarter. On average, equities analysts anticipate that Vecima Networks Inc. will post 1.1799065 EPS for the current fiscal year.
Vecima Networks Company Profile
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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