Vecima Networks (TSE:VCM) Posts Earnings Results

Vecima Networks (TSE:VCM) released its quarterly earnings results on Thursday. The company reported C$0.04 earnings per share for the quarter, FiscalAI reports. Vecima Networks had a net margin of 6.35% and a return on equity of 8.62%. The firm had revenue of C$73.72 million for the quarter.

Vecima Networks Price Performance

TSE VCM traded down C$0.05 during trading on Thursday, reaching C$10.00. The company’s stock had a trading volume of 7,025 shares, compared to its average volume of 3,420. The firm has a fifty day moving average of C$10.00 and a 200 day moving average of C$10.10. Vecima Networks has a one year low of C$8.43 and a one year high of C$11.79. The stock has a market capitalization of C$243.15 million, a PE ratio of -12.35 and a beta of 0.42. The company has a debt-to-equity ratio of 22.94, a current ratio of 1.73 and a quick ratio of 0.83.

Vecima Networks Company Profile

Vecima Networks Inc delivers scalable software, services, and integrated technologies for broadband access, content delivery, and telematics. The company operates in three segments: Video & Broadband Solutions, Content Delivery & Storage, and Telematics. The Video & Broadband Solutions segment delivers scalable, flexible broadband and video networks for cable and telecommunications operators to meet tomorrow’s bandwidth demands. The Content Delivery & Storage segment develops advanced applications that protect, transform, and deliver visual media.