Cormark Issues Negative Outlook for Vecima Networks Earnings

Vecima Networks Inc. (TSE:VCM) – Investment analysts at Cormark reduced their FY2026 earnings estimates for shares of Vecima Networks in a research report issued to clients and investors on Wednesday, December 11th. Cormark analyst J. Pytlak now expects that the company will post earnings of $1.60 per share for the year, down from their previous estimate of $2.03. The consensus estimate for Vecima Networks’ current full-year earnings is $1.18 per share.

Vecima Networks (TSE:VCM) last posted its earnings results on Thursday, September 19th. The company reported C$0.34 earnings per share for the quarter, missing the consensus estimate of C$0.47 by C($0.13). The firm had revenue of C$87.48 million during the quarter, compared to analyst estimates of C$92.93 million. Vecima Networks had a net margin of 6.66% and a return on equity of 8.57%.

Separately, Accountability Research lowered their price target on Vecima Networks from C$27.00 to C$24.00 in a report on Friday, November 15th.

Vecima Networks Trading Down 5.8 %

Shares of Vecima Networks stock opened at C$15.54 on Monday. The stock has a 50 day moving average of C$18.65 and a 200 day moving average of C$20.21. The company has a debt-to-equity ratio of 29.61, a quick ratio of 0.83 and a current ratio of 1.64. The firm has a market capitalization of C$377.78 million, a price-to-earnings ratio of 20.63 and a beta of 0.63. Vecima Networks has a fifty-two week low of C$14.50 and a fifty-two week high of C$23.01.

Insider Buying and Selling

In other news, Senior Officer Richard Dean Rockwell sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of C$20.58, for a total value of C$41,160.00. Also, Senior Officer Clay Mccreery sold 1,600 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of C$17.40, for a total transaction of C$27,840.00. In the last quarter, insiders purchased 2,500 shares of company stock valued at $46,060. Company insiders own 57.14% of the company’s stock.

Vecima Networks Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 16th were given a dividend of $0.055 per share. The ex-dividend date was Friday, November 22nd. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.42%. Vecima Networks’s payout ratio is currently 27.50%.

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.