Acumen Capital Increases Vecima Networks (TSE:VCM) Price Target to C$16.00

Vecima Networks (TSE:VCM) had its price objective lifted by Acumen Capital from C$15.00 to C$16.00 in a research note issued on Friday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Acumen Capital’s price target points to a potential upside of 43.50% from the company’s current price.

Vecima Networks Trading Up 9.9%

TSE VCM opened at C$11.15 on Friday. The stock has a market cap of C$271.11 million, a PE ratio of -13.77 and a beta of 0.42. The company’s 50-day moving average price is C$10.03 and its 200-day moving average price is C$10.10. Vecima Networks has a 12 month low of C$8.43 and a 12 month high of C$11.79. The company has a current ratio of 1.73, a quick ratio of 0.83 and a debt-to-equity ratio of 22.94.

Vecima Networks (TSE:VCM) last issued its quarterly earnings data on Thursday, February 12th. The company reported C$0.04 earnings per share (EPS) for the quarter. The firm had revenue of C$73.72 million for the quarter. Vecima Networks had a net margin of 6.35% and a return on equity of 8.62%. Equities research analysts forecast that Vecima Networks will post 1.1799065 earnings per share for the current 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.