Welcome to our dedicated page for Belden news (Ticker: BDC), a resource for investors and traders seeking the latest updates and insights on Belden stock.
Belden Inc. (NYSE: BDC) is a global supplier of specialty networking and complete connection solutions, with a history of more than 120 years and headquarters in St. Louis. The Belden news feed on Stock Titan aggregates company announcements, press releases and regulatory updates so readers can follow how the business is evolving across automation, smart infrastructure and critical networking markets.
Recent Belden news has covered a range of topics, including private offerings of senior subordinated notes, the planned redemption of existing notes, quarterly dividend declarations and quarterly financial results. These items give investors insight into Belden’s capital structure, liquidity management and approach to returning capital through dividends and share repurchases.
Operational and technology-focused news highlights product launches and collaborations. Belden has announced new industrial networking and connectivity products such as industrial access points, industrial firewalls, Ethernet switches, specialty cables and automation cordsets aimed at enhancing performance, security and reliability in automation and smart infrastructure environments. The company has also reported on physical AI safety and quality systems developed with partners like Accenture and NVIDIA, and on its affiliation with the Chicago Quantum Exchange to explore quantum-safe networking.
Governance and leadership updates, such as board appointments and executive leadership changes, are also disclosed through Belden’s news releases. By reviewing this news stream, readers can track financial performance, capital markets activity, product innovation, strategic partnerships and governance developments that shape Belden’s role in industrial networking and connectivity.
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.
Belden Inc. has been awarded two 2020 Innovators Awards from Cabling Installation & Maintenance for its contributions in the structured cabling industry. The R&D Lab and MachFlex SUPER 350 Cable received a Platinum award for value-added programs, while the CAT 6 SF/UTP High-Flex Cable and REVConnect RJ45 Plug won a Gold award in the cabling media category. These innovations enhance reliability, reduce costs, and address challenges posed by COVID-19, showcasing Belden's commitment to innovation and customer experience.