Belden Inc Stock Price, News & Analysis

Federman & Sherwood has launched an investigation into Belden (NYSE: BDC) regarding potential violations of consumer laws linked to a data breach disclosed on November 24, 2020. The breach reportedly allowed unauthorized access to sensitive data, including personal identifiable information (PII) such as names, Social Security numbers, and financial details of job applicants, employees, and business partners. Individuals affected by this incident are encouraged to reach out to Federman & Sherwood for participation in the litigation.

Belden Inc. (NYSE: BDC) announced its acquisition of OTN Systems N.V. for approximately $71 million, expanding its capabilities in industrial automation. This strategic move aligns with Belden's focus on enhancing end-to-end solutions for its customers. The acquisition is expected to add about $35 - $40 million to revenues in the first full year while diluting GAAP EPS by $0.12 - $0.09 but increasing adjusted EPS by $0.10 - $0.13. Additionally, Belden raised its revenue and EPS guidance for Q4 2020, expecting revenues of $494 - $499 million and GAAP EPS between $0.42 - $0.47.

Federman & Sherwood has launched an investigation into Belden (NYSE: BDC) regarding possible violations of consumer laws tied to a data breach disclosed on November 24, 2020. This breach potentially involved unauthorized access to sensitive data, including names, Social Security Numbers, financial details, and other personal identifiable information (PII) of job applicants, current and former employees, and business partners. Affected individuals are encouraged to contact the firm to participate in potential litigation.

Belden (NYSE: BDC) hosted its 2020 Investor Day webcast today, led by CEO Roel Vestjens and CFO Henk Derksen. They updated shareholders on the company's strategy and reaffirmed 2020 guidance. Belden expects Q4 revenues between $460 - $485 million and full-year revenues of $1.824 - $1.849 billion. GAAP EPS is projected at $0.99 - $1.14 for the year and $0.13 - $0.28 for Q4. Adjusted EPS is estimated at $2.47 - $2.62 for the year and $0.63 - $0.78 for Q4.

Belden Inc. (NYSE: BDC) will host its investor day on December 15, 2020, from 10:00 AM to 12:00 PM Eastern. CEO Roel Vestjens and CFO Henk Derksen will discuss the company's strategy for enhancing shareholder value, followed by a Q&A session. A live webcast and presentation materials will be accessible post-event on Belden's Investor Relations website. Founded in 1902, Belden is a leader in specialty networking solutions for industrial and enterprise markets, with global manufacturing capabilities.

Belden Inc. (NYSE: BDC) is investigating a data incident that involved unauthorized access to employee and limited business partner information. The company activated its cybersecurity response plan upon detecting unusual server activity. Forensic experts found that a sophisticated attack targeted a small number of file servers. Despite the breach, Belden's manufacturing and shipping operations are unaffected. The company is notifying affected individuals and offering free monitoring services while cooperating with law enforcement for further investigations.

The Board of Directors of Belden Inc. (NYSE: BDC) has declared a quarterly dividend of $0.05 per share. This dividend is payable on January 7, 2021, to shareholders on record as of December 18, 2020. Belden focuses on delivering comprehensive products for mission-critical network infrastructure, tailored for industrial and enterprise markets, facilitating the reliable transmission of data, audio, and video.

Belden Inc. (BDC) reported fiscal Q3 2020 results with revenues of $475.8 million, down from $533.1 million in Q3 2019. EPS fell to $0.46, compared to $0.83 in the previous year. Adjusted EPS was $0.72, down from $1.19. The company anticipates full-year revenues between $1.824 billion and $1.849 billion. A $60 million SG&A cost reduction plan is underway, expected to yield $15 million in quarterly savings by Q4. Management expresses optimism about improving demand trends and plans to resume traditional guidance practices.

Belden (NYSE: BDC) will announce its fiscal third-quarter results for the period ending September 27, 2020, before the market opens on October 28, 2020. The management team will host a conference call at 8:30 a.m. Eastern to discuss these results. Interested parties can listen to the live broadcast via the Internet at investor.belden.com. A replay of the call will be available later in the investor relations section of the website.

Belden specializes in networking solutions, focusing on the secure transmission of data essential for today’s applications.