Benchmark Co. Sticks to Its Buy Rating for Belden (BDC)
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Belden Reports Third Quarter 2024 Results
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Belden Inc provides signal transmission products to distributors, end-users, installers, and original equipment manufacturers. The firm operates in two segments - Enterprise Solutions and Industrial Solutions. The Enterprise Solutions segment is a provider in network infrastructure solutions, as well as cabling and connectivity solutions for commercial audio/video and security applications. The Industrial Solutions segment is a provider of high-performance networking components and machine connectivity products. It operates in Americas, EMEA and APAC, out of which maximum revenue from Americas.
Belden trades on the NYSE stock market under the symbol BDC.
As of January 29, 2025, BDC stock price climbed to $116.16 with 158,036 million shares trading.
BDC has a beta of 1.53, meaning it tends to be more sensitive to market movements. BDC has a correlation of 0.42 to the broad based SPY ETF.
BDC has a market cap of $4.69 billion. This is considered a Mid Cap stock.
Last quarter Belden reported $655 million in Revenue and $1.70 earnings per share. This beat revenue expectation by $11 million and exceeded earnings estimates by $.09.
In the last 3 years, BDC traded as high as $131.82 and as low as $47.89.
The top ETF exchange traded funds that BDC belongs to (by Net Assets): IJH, VTI, IWM, VB, VGT.
BDC has outperformed the market in the last year with a return of +55.3%, while the SPY ETF gained +24.9%. However, in the most recent history, BDC shares have underperformed the stock market with its stock returning -1.9% in the last 3 month period and +0.1% for the last 2 week period, while SPY has returned +4.0% and +3.4%, respectively.
BDC support price is $113.59 and resistance is $118.15 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BDC shares will trade within this expected range on the day.