Vecima Networks Inc. (VCM) To Go Ex-Dividend on May 29th

Vecima Networks Inc. (TSE:VCM) declared a quarterly dividend on Friday, May 29th, TickerTech Dividends reports. Investors of record on Monday, June 22nd will be given a dividend of 0.055 per share on Monday, June 22nd. This represents a c) dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Friday, May 29th.

Vecima Networks Stock Performance

Shares of VCM opened at C$13.99 on Wednesday. The company has a 50 day simple moving average of C$13.19 and a two-hundred day simple moving average of C$11.42. Vecima Networks has a 1 year low of C$8.90 and a 1 year high of C$14.01. The firm has a market cap of C$340.17 million, a P/E ratio of -25.91 and a beta of 0.73. The company has a debt-to-equity ratio of 29.54, a current ratio of 1.54 and a quick ratio of 0.83.

Vecima Networks (TSE:VCM) last announced its quarterly earnings data on Thursday, May 14th. The company reported C$0.06 EPS for the quarter. Vecima Networks had a negative return on equity of 6.16% and a negative net margin of 4.72%.The company had revenue of C$64.83 million during the quarter. On average, equities analysts expect that Vecima Networks will post 1.1799065 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Acumen Capital increased their price target on 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 analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of C$16.50.

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.