Belden (BDC)

The shares of Belden (BDC; $83.23; E/W) surged 11% last week after a Q4 beat that came with Q1E guidance that jibed with the Street. The stock is now 33% “off the bottom” put in…

Belden (BDC; $74.50; E/W) reported Q4 non-GAAP EPS of $1.46, which was handily ahead of our consensus matching $1.13 on some better than expected sales ($551mm vs. our $527mm and the Street’s $522mm). We estimate…

Over the past several days, Belden (BDC; $72.71; E/W) announced it expanded its existing manufacturing facility in Pune, India, as well as opened a new Customer Innovation Center (CIC) in Bengaluru, India, as per plan….

We further reduce 2023/2024E EPS for Belden (BDC; $62.73; E/W) from $6.90/$6.30 to $6.50/$5.05 after Q3 results jibed with its negative pre-announcement, albeit with Q4E guidance that suggested a more challenged financial picture in the…

We are reducing our rating on the shares of Belden (BDC; $95.27) from Outperform to Equal-Weight after management negatively pre-announced Q3 results last night and warned about its Q4E outlook. Our rating change reflects the…

The shares of Belden (BDC; $88.79; O/P) dropped 6% on Thursday after a solid “beat and meet”, despite the company continuing to prove out the significant potential of a detailed strategy shifting more revenues to…

Belden (BDC; $94.05; O/P) reported Q2 non-GAAP EPS of $1.91, which comfortably beat our $1.75 and the Street’s $1.77 on sales of $692mm (vs. our $688mm and the Street’s $687mm). Recall, BDC’s outlook called for…

We raise our target on the shares of Belden (BDC; $96.46; O/P) from $95 to $110 ahead of its Q2 results and outlook, scheduled for August 3rd (before market). The stock is up 19% (vs….

Last Friday (5/5), Belden (BDC; $80.76; O/P) opened a new Customer Innovation Center (CIC) in Chicago, as per plan. This is on top of its three other CIC locations in Stuggart, Germany (opened 2021), Santa…

We raise our rating on the shares of Belden (BDC; $78.51) from Equal-Weight to Outperform after another much better than expected quarter on Wednesday that did not “skip a beat” for a recent CEO change…

Belden (BDC; $79.49; E/W) reported Q1 non-GAAP EPS of $1.68, which was handily ahead of our consensus matching $1.55 on sales of $642mm (vs. our and the Street’s $625mm). Recall, BDC’s outlook called for Q1…

This morning, Belden (BDC; $79.94; E/W) surprisingly announced President and CEO Roel Vestjens resigned from his position for personal reasons. In our call this morning with management we did not gain any more color as…

We raise 2023E EPS for Belden (BDC; $89.12; E/W) from $6.60 to $6.85 (+7% YoY) after the company produced a fairly solid “beat and raise”. Specifically, Q4 EPS of $1.75 was ahead of our $1.68…

Belden (BDC; $82.97; E/W) reported Q4 non-GAAP EPS of $1.75, which was above our $1.68 and consensus of $1.66 on sales of $659mm (vs. our $648mm and the Street’s $645mm). Recall, BDC’s outlook called for…

We raise 2022/2023E EPS for Belden (BDC; $71.02; E/W) from $6.00/$6.40 to $6.35/$6.60 after its Q3 results handily beat expectations. Specifically, Q3 EPS of $1.77 was ahead of our $1.55 and the Street’s $1.56 driven…