Belden Inc Stock Price, News & Analysis

Belden Inc. (NYSE: BDC) has been awarded the 2020 Technology & Engineering Emmy® for its pivotal role in standardizing SMPTE cables that transitioned the broadcast industry from analog to digital. This innovation enabled long-distance transmission of digital video while supplying power to cameras. The Emmy award recognizes Belden's substantial contributions to the television industry. Moreover, Belden continues to innovate with its latest 4K UHD Coax Cable, enhancing 12G-SDI transmission capabilities. The company is positioned to support the industry's shift to ultra-high definition broadcasting.

Belden Inc. (NYSE: BDC) announced its fourth quarter and full year 2020 results, reporting revenues of $498.5 million for Q4 and $1.863 billion for the year, down from $549.7 million and $2.131 billion in the prior-year periods. EPS rose to $0.35, up from $0.05, while adjusted EPS decreased to $0.90 from $1.20. The company achieved $15 million in quarterly savings from its SG&A cost reduction program. With an outlook for 2021, Belden expects revenues of $1.990 - $2.050 billion and GAAP EPS of $1.70 - $2.10. A CFO transition was also announced, with Jeremy Parks succeeding Henk Derksen.

Belden (NYSE: BDC) will announce its fiscal fourth quarter and full year results for the period ending December 31, 2020, on February 10, 2021, before market opening. A conference call to discuss these results will take place at 8:30 a.m. ET. Investors can access the live audio broadcast at investor.belden.com or call 866-248-8441 with confirmation code 7695993. A replay will be available on the investor relations website for a limited time.

Founded in 1902 and headquartered in St. Louis, Belden specializes in networking solutions for industrial and enterprise markets.

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.