Belden (NYSE:BDC) Stock, Quote.Headers.trade-ideas

Belden

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.

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While &#34;the trend is your friend&#34; when it comes to short-term investing or trading, timing entries into the trend is a key determinant of success. And increasing the odds of success by making sure the sustainability of a trend isn&#39;t easy.

Here&#39;s Why Momentum in Belden Should Keep Going

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Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Piper Sandler raised the price target for Aspen Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AZPN#NASDAQ">AZPN</a>) from  $200 to $217. Piper Sandler analyst Clarke Jeffries maintained a Neutral rating. Aspen Technology shares gained 3.3% to close at $233.54 on Tuesday. <a href="https://www.benzinga.com/quote/AZPN/analyst-ratings">See how other analysts view this stock.</a></li>
<li>RBC Capital raised the price target for NMI Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NMIH#NASDAQ">NMIH</a>) from $40 to $48. RBC Capital analyst Scott Heleniak upgraded the stock from Sector Perform to Outperform. NMI Holdings shares fell 1.4% to close at $41.15 on Tuesday. <a href="https://www.benzinga.com/quote/NMIH/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>HC Wainwright &amp; Co. lifted Longboard Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LBPH#NASDAQ">LBPH</a>) price target from $60 to $80. HC Wainwright &amp; Co. analyst Patrick Trucchio maintained a Buy rating. Longboard Pharmaceuticals shares fell 10.3% to close at $27.58 on Tuesday. S<a href="https://www.benzinga.com/quote/LBPH/analyst-ratings">ee how other analysts view this stock</a>.</li>
<li>Benchmark increased Belden Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BDC#NYSE">BDC</a>) price target from $115 to $120. Benchmark analyst Reuben Garner maintained a Buy rating. Belden shares gained 2.9% to close at $106.29 on Tuesday. <a href="https://www.benzinga.com/quote/BDC/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>B of A Securities boosted the price target for Starbucks Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>) from $112 to $118. B of A Securities analyst Sara Senatore maintained a Buy rating. Starbucks rose 0.1% to close at $96.44 on Tuesday. <a href="https://www.benzinga.com/quote/SBUX/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Needham cut Workday, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDAY#NASDAQ">WDAY</a>) price target from $350 to $300. Needham analyst Scott Berg maintained a Buy rating. Workday shares fell 0.4% to close at $248.12 on Tuesday. <a href="https://www.benzinga.com/quote/WDAY/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Baird raised Ferguson Enterprises Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FERG#NYSE">FERG</a>) price target from $222 to $225. Baird analyst David Manthey maintained an Outperform rating. Ferguson Enterprises shares gained 5% to close at $207.06 on Tuesday. <a href="https://www.benzinga.com/quote/FERG/analyst-ratings">See how other analysts view this stock.</a></li>
<li>B of A Securities cut the price target for FedEx Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>) from $347 to $345. B of A Securities analyst Ken Hoexter maintained a Buy rating. FedEx shares rose 1.6% to close at $297.34 on Tuesday. <a href="https://www.benzinga.com/quote/FDX/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Goldman Sachs raised The Progressive Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>) price target from $262 to $280. Goldman Sachs analyst Alex Scott maintained a Buy rating. Progressive shares rose 0.2% to close at $256.91 on Tuesday. <a href="https://www.benzinga.com/quote/PGR/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Stifel raised Zoetis Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZTS#NYSE">ZTS</a>) price target from $200 to $210. Stifel analyst Jonathan Block maintained a Buy rating. Zoetis shares rose 0.8% to close at $195.71 on Tuesday. <a href="https://www.benzinga.com/quote/ZTS/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying SBUX stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="526" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/18090157/image-141-1024x526.png" alt="" class="wp-image-553956" style="width:648px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/18090157/image-141-1024x526.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/18090157/image-141-300x154.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/18090157/image-141-768x394.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/18090157/image-141.png 1321w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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5 analysts have shared their evaluations of Belden (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BDC#NYSE">BDC</a>) during the recent three months, expressing a mix of bullish and bearish perspectives.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have set 12-month price targets for Belden, revealing an average target of $118.4, a high estimate of $124.00, and a low estimate of $110.00. This current average reflects an increase of 1.41% from the previous average price target of $116.75. 
<img src="https://www.benzinga.com/files/images/story/2024/1726660885_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
The analysis of recent analyst actions sheds light on the perception of Belden by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Reuben Garner</td>
<td>Benchmark</td>
<td>Raises</td>
<td>Buy</td>
<td>$120.00</td>
<td>$115.00</td>
</tr>
<tr>
<td>Reuben Garner</td>
<td>Benchmark</td>
<td>Raises</td>
<td>Buy</td>
<td>$115.00</td>
<td>$110.00</td>
</tr>
<tr>
<td>William Stein</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$124.00</td>
<td>$123.00</td>
</tr>
<tr>
<td>Kevin McCarthy</td>
<td>Vertical Research</td>
<td>Announces</td>
<td>Buy</td>
<td>$110.00</td>
<td>-</td>
</tr>
<tr>
<td>William Stein</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$123.00</td>
<td>$119.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Belden. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Belden compared to the broader market.</li>
<li>Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Belden's stock. This examination reveals shifts in analysts' expectations over time.</li>
</ul>
For valuable insights into Belden's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/BDC/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Belden analyst ratings.</a>
<h2>Discovering Belden: A Closer Look</h2>
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.
<h3>Key Indicators: Belden's Financial Health</h3>
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
Revenue Challenges: Belden's revenue growth over 3 months faced difficulties. As of 30 June, 2024, the company experienced a decline of approximately -12.7%. This indicates a decrease in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Information Technology sector.
Net Margin: Belden's net margin excels beyond industry benchmarks, reaching 8.12%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Belden's ROE stands out, surpassing industry averages. With an impressive ROE of 4.13%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): Belden's ROA stands out, surpassing industry averages. With an impressive ROA of 1.48%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: Belden's debt-to-equity ratio surpasses industry norms, standing at 1.05. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Evaluating Belden: Insights From 5 Financial Analysts

Benchmark analyst Reuben Garner maintains Belden (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BDC#NYSE">BDC</a>) with a Buy and raises the price target from $115 to $120.

Benchmark Maintains Buy on Belden, Raises Price Target to $120

Long-Term Financial Targets
Driven by its strategic initiatives, the Company&#39;s financial targets through 2028 are as follows:
<ul>
<li>Mid-single-digit annual revenue growth</li>
<li>Incremental Adjusted EBITDA Margins between&nbsp;25%&nbsp;to&nbsp;30%</li>
<li>Free cash flow margin approaching&nbsp;10%</li>
<li>Net leverage around 1.5 times</li>
<li>Annual Adjusted EPS growth of&nbsp;10%&nbsp;to&nbsp;12%</li>
</ul>

Guidance

Belden Says Performance Is On Track To Be Consistent With Previously Articulated Value Creation Framework, With Realistic Path To Achieve $8.00 Of Adjusted EPS In 2025

Combined with the&nbsp;$115 million&nbsp;balance remaining from the previous authorization, Belden&#39;s total authorization now stands at&nbsp;$415 million.

Buybacks

Belden Reveals New $300M Share Repurchase Authorization

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Shares of companies within the broader tech sector are trading lower amid overall market weakness. Weakness may be due to August's ISM Manufacturing PMI data indicating an economic contraction.

While &quot;the trend is your friend&quot; when it comes to short-term investing or trading, timing entries into the trend is a key determinant of success. And increasing the odds of success by making sure the sustainability of a trend isn&#39;t easy.
The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock alive.
Our &quot;Recent Price Strength&quot; screen, which is created on a unique short-term trading strategy, could be pretty useful in this regard. This predefined screen makes it really easy to shortlist the stocks that have enough fundamental strength to maintain their recent uptrend. Also, the screen passes only the stocks that are trading in the upper portion of their 52-week high-low range, which is usually an indicator of bullishness.
<h2>Belden</h2>
(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bdc#NYSE">BDC</a>) is one of the several suitable candidates that passed through the screen. Here are the key reasons why it could be a profitable bet for &quot;trend&quot; investors.
A solid price increase over a period of 12 weeks reflects investors&#39; continued willingness to pay more for the potential upside in a stock. BDC is quite a good fit in this regard, gaining 4.1% over this period.
However, it&#39;s not enough to look at the price change for around three months, as it doesn&#39;t reflect any trend reversal that might have happened in a shorter time frame. It&#39;s important for a potential winner to maintain the price trend. A price increase of 10.6% over the past four weeks ensures that the trend is still in place for the stock of this communications equipment company.
Moreover, BDC is currently trading at 97.8% of its 52-week High-Low Range, hinting that it can be on the verge of a breakout.
Looking at the fundamentals, the stock currently carries a Zacks Rank #1 (Strong Buy), which means it is in the top 5% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises -- the key factors that impact a stock&#39;s near-term price movements.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988.
Another factor that confirms the company&#39;s fundamental strength is its Average Broker Recommendation of #1 (Strong Buy). This indicates that the brokerage community is highly optimistic about the stock&#39;s near-term price performance.
So, the price trend in BDC may not reverse anytime soon.
<a href="https://www.zacks.com/stock/news/2323598/here-s-why-momentum-in-belden-bdc-should-keep-going?cid=CS-BENZ-FT-tale_of_the_tape|recent_price_strength_screen-2323598">To read this article on Zacks.com click here.</a>

Here's Why Momentum in Belden Should Keep Going

Benchmark analyst Reuben Garner maintains Belden (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BDC#NYSE">BDC</a>) with a Buy and raises the price target from $110 to $115.

Benchmark Maintains Buy on Belden, Raises Price Target to $115

Truist Securities analyst William Stein maintains Belden (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BDC#NYSE">BDC</a>) with a Buy and raises the price target from $123 to $124.

Truist Securities Maintains Buy on Belden, Raises Price Target to $124

Belden shares are trading higher after the company reported better-than-expected Q2 financial results and issued Q3 guidance above estimates.

Belden Expects Q3 Adj. EPS Of $1.55 - $1.65 Vs. Consensus Of $1.37 And Revenue Of $635M-$650M Vs. Consensus Of $574.320M

Belden (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BDC#NYSE">BDC</a>) reported quarterly earnings of $1.51 per share which beat the analyst consensus estimate of $1.37 by 10.22 percent. The company reported quarterly sales of $604.336 million which beat the analyst consensus estimate of $574.320 million by 5.23 percent. This is a 12.70 percent decrease over sales of $692.245 million the same period last year.

Earnings Beats

Belden Q2 2024 Adj. EPS $1.51 Beats $1.37 Estimate, Sales $604.336M Beat $574.320M Estimate

6 analysts have expressed a variety of opinions on Belden (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BDC#NYSE">BDC</a>) over the past quarter, offering a diverse set of opinions from bullish to bearish.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $111.33, a high estimate of $123.00, and a low estimate of $100.00. Observing a 7.46% increase, the current average has risen from the previous average price target of $103.60. 
<img src="https://www.benzinga.com/files/images/story/2024/1721750497_0.png" alt="price target chart" />
<h2>Understanding Analyst Ratings: A Comprehensive Breakdown</h2>
The standing of Belden among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Kevin McCarthy</td>
<td>Vertical Research</td>
<td>Announces</td>
<td>Buy</td>
<td>$110.00</td>
<td>-</td>
</tr>
<tr>
<td>William Stein</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$123.00</td>
<td>$119.00</td>
</tr>
<tr>
<td>William Stein</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$119.00</td>
<td>$101.00</td>
</tr>
<tr>
<td>Chris Dankert</td>
<td>Loop Capital</td>
<td>Raises</td>
<td>Buy</td>
<td>$115.00</td>
<td>$100.00</td>
</tr>
<tr>
<td>Reuben Garner</td>
<td>Benchmark</td>
<td>Maintains</td>
<td>Buy</td>
<td>$100.00</td>
<td>$100.00</td>
</tr>
<tr>
<td>William Stein</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$101.00</td>
<td>$98.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Belden. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Belden compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Belden's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Belden's market position. Stay informed and make well-informed decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/BDC/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Belden analyst ratings.</a>
<h2>Get to Know Belden Better</h2>
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.
<h3>Belden: Financial Performance Dissected</h3>
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
Revenue Challenges: Belden's revenue growth over 3 months faced difficulties. As of 31 March, 2024, the company experienced a decline of approximately -16.53%. This indicates a decrease in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Information Technology sector.
Net Margin: Belden's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 6.97% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Belden's ROE excels beyond industry benchmarks, reaching 3.21%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): Belden's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 1.17%, the company showcases efficient use of assets and strong financial health.
Debt Management: With a high debt-to-equity ratio of 1.11, Belden faces challenges in effectively managing its debt levels, indicating potential financial strain.
<h2>The Significance of Analyst Ratings Explained</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

The Latest Analyst Ratings For Belden

Vertical Research analyst Kevin McCarthy initiates coverage on Belden (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BDC#NYSE">BDC</a>) with a Buy rating and announces Price Target of $110.

Initiation

Vertical Research Initiates Coverage On Belden with Buy Rating, Announces Price Target of $110

Belden's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BDC#NYSE">BDC</a>) short percent of float has fallen 7.1% since its last report. The company recently reported that it has 1.00 million shares sold short, which is 3.27% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.41 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Belden Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721323811_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Belden has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Belden's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Belden's peer group average for short interest as a percentage of float is 4.12%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

How Is The Market Feeling About Belden?

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-ratings/">analyst ratings page</a>.
<ul>
<li>Truist Securities raised the price target for Belden Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BDC#NYSE">BDC</a>) from $119 to $123. Truist Securities analyst William Stein maintained a Buy rating. Belden shares rose 0.5% to close at $92.30 on Wednesday. <a href="https://www.benzinga.com/quote/BDC/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Baird boosted the price target for Quest Diagnostics Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DGX#NYSE">DGX</a>) from $145 to $153. Baird analyst Eric Coldwell maintained a Neutral rating. Quest Diagnostics shares gained 3.1% to close at $140.90 on Wednesday. <a href="https://www.benzinga.com/quote/DGX/analyst-ratings">See how other analysts view this stock.</a></li>
<li>HC Wainwright &amp; Co. slashed Arrowhead Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARWR#NASDAQ">ARWR</a>) price target from $90 to $60. HC Wainwright &amp; Co. analyst Patrick Trucchio maintained a Buy rating. Arrowhead Pharmaceuticals shares fell 0.6% to close at $25.07 on Wednesday. <a href="https://www.benzinga.com/quote/ARWR/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Needham cut the price target for fuboTV Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FUBO#NYSE">FUBO</a>) from $3 to $2. Needham analyst Laura Martin maintained an Buy rating. fuboTV shares closed at $1.31 on Wednesday. <a href="https://www.benzinga.com/quote/FUBO/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Needham slashed Taboola.com Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TBLA#NASDAQ">TBLA</a>) price target from $6 to $5. Needham analyst Laura Martin maintained a Buy rating. Taboola.com shares gained 0.6% to close at $3.47 on Wednesday. <a href="https://www.benzinga.com/quote/TBLA/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Cantor Fitzgerald raised TeraWulf Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WULF#NASDAQ">WULF</a>) price target from $9 to $10. Cantor Fitzgerald analyst Brett Knoblauch maintained an Overweight rating. TeraWulf shares gained 3.2% to close at $5.21 on Wednesday. <a href="https://www.benzinga.com/quote/WULF/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Morgan Stanley raised the price target for S&amp;P Global Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPGI#NYSE">SPGI</a>) from $500 to $510. Baird analyst Mark Altschwager maintained an Overweight rating. S&amp;P Global shares fell 0.2% to close at $449.44 on Wednesday. <a href="https://www.benzinga.com/quote/SPGI/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Morgan Stanley raised Moody&#8217;s Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCO#NYSE">MCO</a>) price target from $374 to $392. Morgan Stanley analyst Toni Kaplan maintained an Equal-Weight rating. Moody&#8217;s shares edged lower to close at $425.99 on Wednesday. <a href="https://www.benzinga.com/quote/MCO/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Roth MKM cut Constellation Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STZ#NYSE">STZ</a>) price target from $305 to $303. Roth MKM analyst Bill Kirk maintained a Buy rating. Constellation shares fell 3.3% to close at  $250.37 on Wednesday. <a href="https://www.benzinga.com/quote/STZ/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>UBS cut Vale S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VALE#NYSE">VALE</a>) price target from $15 to $14.5. UBS analyst Myles Allsop maintained a Buy rating. Vale shares closed at $11.61 on Wednesday. <a href="https://www.benzinga.com/quote/VALE/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
Check This Out: <a href="https://www.benzinga.com/news/24/07/39645407/amazon-f5-and-2-other-stocks-insiders-are-selling">Amazon, F5 And 2 Other Stocks Insiders Are Selling</a>

S&P Global To Rally More Than 13%? Here Are 10 Top Analyst Forecasts For Friday

Throughout the last three months, 5 analysts have evaluated Belden (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BDC#NYSE">BDC</a>), offering a diverse set of opinions from bullish to bearish.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $111.6, a high estimate of $123.00, and a low estimate of $100.00. Witnessing a positive shift, the current average has risen by 7.72% from the previous average price target of $103.60.
<img src="https://www.benzinga.com/files/images/story/2024/1720184439_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
The standing of Belden among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>William Stein</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$123.00</td>
<td>$119.00</td>
</tr>
<tr>
<td>William Stein</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$119.00</td>
<td>$101.00</td>
</tr>
<tr>
<td>Chris Dankert</td>
<td>Loop Capital</td>
<td>Raises</td>
<td>Buy</td>
<td>$115.00</td>
<td>$100.00</td>
</tr>
<tr>
<td>Reuben Garner</td>
<td>Benchmark</td>
<td>Maintains</td>
<td>Buy</td>
<td>$100.00</td>
<td>$100.00</td>
</tr>
<tr>
<td>William Stein</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$101.00</td>
<td>$98.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Belden. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Belden compared to the broader market.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of Belden's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Belden's market position. Stay informed and make well-informed decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/BDC/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Belden analyst ratings.</a>
<h2>Delving into Belden's Background</h2>
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.
<h3>Financial Insights: Belden</h3>
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
Negative Revenue Trend: Examining Belden's financials over 3 months reveals challenges. As of 31 March, 2024, the company experienced a decline of approximately -16.53% in revenue growth, reflecting a decrease in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Information Technology sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 6.97%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 3.21%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Belden's ROA excels beyond industry benchmarks, reaching 1.17%. This signifies efficient management of assets and strong financial health.
Debt Management: With a high debt-to-equity ratio of 1.11, Belden faces challenges in effectively managing its debt levels, indicating potential financial strain.
<h2>The Basics of Analyst Ratings</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Where Belden Stands With Analysts

Truist Securities analyst William Stein maintains Belden (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BDC#NYSE">BDC</a>) with a Buy and raises the price target from $119 to $123.

Truist Securities Maintains Buy on Belden, Raises Price Target to $123

Chart Industries, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gtls#NYSE">GTLS</a>) recently secured a contract from Argent LNG to provide its mid-scale modular liquefaction solution, IPSMR (Integrated Pre-Cooled Single Mixed Refrigerant) process technology, for the latter&#39;s Port Fourchon,LA-based 20 MTPA LNG facility. 
Based in Louisiana, Argent is engaged in offering LNG and LNG-related services to its customers. With a focus on innovation, efficiency and care for the environment, Argent aims to play a crucial role in the future of U.S. energy exports. 
Chart Industries&#39; IPSMR technology helps in enhancing efficiency and performance in liquefaction systems. It helps LNG facilities to optimize resource utilization and reduce operational costs. Its modular design facilitates customization, thereby improving adaptability to various site conditions and gas turbine power specifications. 
The IPSMR technology will enable Ardent to offer an optimal solution to the market, thus catering to the increasing demand for LNG-related services. Also, Chart Industries is expected to book another IPSMR technology and equipment order in 2025.
<h3>Zacks Rank</h3>
Chart Industries currently carries a Zacks Rank #3 (Hold). In the year-to-date period, GTLS stock has gained 5.3% compared with the industry&#39;s 1.9% rise.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/47/69867.jpg?v=558239583" /> 
Image Source: Zacks Investment Research
<h3>Stocks to Consider</h3>
Some better-ranked companies from the Industrial Products sector are discussed below: 
Applied Industrial Technologies, Inc.&nbsp;presently carries a Zacks Rank #2 (Buy). It has a trailing four-quarter average earnings surprise of 8.2%. 
The Zacks Consensus Estimate for AIT&#39;s fiscal 2024 earnings has improved 0.9% in the past 60 days. The stock has risen 11.8% in the year-to-date period. 
Belden Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bdc#NYSE">BDC</a>) presently carries a Zacks Rank of 2 and has a trailing four-quarter earnings surprise of 14.7%, on average. 
The consensus estimate for BDC&#39;s 2024 earnings has increased 8.3% in the past 60 days. Shares of Belden have gained 19.2% in the year-to-date period. 
Crane Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cr#NYSE">CR</a>) presently carries a Zacks Rank of 2. CR delivered a trailing four-quarter earnings surprise of 15.2%, on average. 
The Zacks Consensus Estimate for CR&#39;s 2024 earnings has increased 0.8% in the past 60 days. Its shares have gained 22.5% in the year-to-date period.
<a href="https://www.zacks.com/stock/news/2295155/chart-industries-gtls-ipsmr-technology-selected-by-argent?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2295155">To read this article on Zacks.com click here.</a>

GTLS

Chart Industries' IPSMR Technology Selected by Argent

Verra Mobility Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vrrm#NASDAQ">VRRM</a>) recently joined forces with Bluedot to enhance charging access for its fleet customers. 
Based in Palo Alto, CA, Bluedot is an all-in-one electric vehicle fleet management platform, which automates payments for public charging. It also provides home charging solutions with tracking and reimbursement. Bluedot is present in more than 80% of public charging stations across the United States. 
Per the deal, Verra Mobility will provide Bluedot&#39;s fleet EV charging solution to its new and existing customers. Bluedot&#39;s solution will allow fleet owners to easily charge and manage EVs. With this partnership, Verra Mobility&#39;s fleet customers will be able to find, charge and automatically pay for charging at more than 80% of public charging stations in the United States.
<h3>Zacks Rank</h3>
Verra Mobility currently carries a Zacks Rank #3 (Hold). In the past year, the VRRM stock has gained 39.4% compared with the industry&#39;s 10.7% growth.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/be/69229.jpg?v=1402652882" /> 
Image Source: Zacks Investment Research
Increased travel volume and related tolling activity are aiding Verra Mobility&#39;s Commercial Services segment&#39;s revenues. The Government Solutions segment&#39;s results are buoyed by the expansion of speed programs and school bus stop-arm and bus lane programs. However, increasing selling, general and administrative expenses may affect the company&#39;s margins and profitability in the near term.
<h3>Stocks to Consider</h3>
Some better-ranked companies from the Industrial Products sector are discussed below: 
Belden Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bdc#NYSE">BDC</a>) presently carries a Zacks Rank #2 (Buy) and has a trailing four-quarter earnings surprise of 14.7%, on average. 
The Zacks Consensus Estimate for BDC&#39;s 2024 earnings has increased 8.3% in the past 60 days. Shares of Belden have gained 1.2% in the past year. 
Applied Industrial Technologies, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ait#NYSE">AIT</a>) presently carries a Zacks Rank of 2. It has a trailing four-quarter average earnings surprise of 8.2%. 
The consensus estimate for AIT&#39;s fiscal 2024 earnings has improved 1.4% in the past 60 days. The stock has risen 39.1% in the past year. 
Crane Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cr#NYSE">CR</a>) presently carries a Zacks Rank of 2. CR delivered a trailing four-quarter earnings surprise of 15.2%, on average. 
The Zacks Consensus Estimate for CR&#39;s 2024 earnings has increased 4.2% in the past 60 days. Its shares have gained 78.9% in the past year.
<a href="https://www.zacks.com/stock/news/2291036/verra-mobility-vrrm-bluedot-unite-on-ev-charging-for-fleets?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2291036">To read this article on Zacks.com click here.</a>

VRRM

Verra Mobility, Bluedot Unite on EV Charging for Fleets

There's a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Belden (BDC – Research Report), Workiva (WK – Resear...

Analysts Are Bullish on These Technology Stocks: Belden (BDC), Workiva (WK)

Truist Financial analyst William Stein maintained a Buy rating on Belden (BDC – Research Report) today. The company's shares closed yesterday at $1...

Belden (BDC) Receives a Rating Update from a Top Analyst

In a report released today, Chris Dankert from Loop Capital Markets maintained a Buy rating on Belden (BDC – Research Report), with a price target ...

Loop Capital Markets Keeps Their Buy Rating on Belden (BDC)

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Amid the AI boom, <a href="https://www.fierce-network.com/broadband/lumens-saving-grace-may-be-long-haul-fiber-demand-driven-ai">data centers are sending and receiving so much</a> data that they are embarking on &ldquo;the largest expansion of the internet in our lifetime,&rdquo; Lumen Technologies (NYSE:<a href="https://investorplace.com/stock-quotes/lumn-stock-quote/">LUMN</a>) Chief Technology Officer Dave Ward recently said, according to Fierce Network. That makes the idea of finding the best fiber stocks much more appealing.



Lumen, a <a href="https://finance.yahoo.com/quote/LUMN/profile/">cloud service and</a> internet service provider, ordered 10% of Corning&rsquo;s (NYSE:<a href="https://investorplace.com/stock-quotes/glw-stock-quote/">GLW</a>) global fiber capacity for the next two years, the website noted. Moreover, Lumen disclosed that it had obtained $5 billion of new fiber service deals and was close to signing contracts valued at another $7 billion.



Lumen&rsquo;s shares <a href="https://finance.yahoo.com/quote/LUMN/">jumped from </a>a low of $2.51 on Aug. 5 to $5.59 at the end of the day on Aug. 9. Corning&rsquo;s shares barely reacted to the news, as they <a href="https://finance.yahoo.com/quote/GLW/">finished the week at</a> $38.45 versus their low of $27.18 on Aug. 5. Still, with the demand for fiberoptics surging, I believe that firms which sell the material, along with those that sell equipment which is used to enhance fiber&rsquo;s utility, will get a huge lift within the next year.



Here are the three best fiber stocks to buy now.



<h2> Lumentum (LITE)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/06/lumentum_lite_1600-300x169.jpg" alt="A corporate office for the technology company Lumentum during the daytime."><div>Source: Michael Vi / Shutterstock.com</div></div>Lumentum (NASDAQ:<a href="https://investorplace.com/stock-quotes/lite-stock-quote/">LITE</a><a href="https://investorplace.com/stock-quotes/lite)-stock-quote/">)</a> produces optical fibers and fiber-based components. The firm also develops and markets <a href="https://finance.yahoo.com/quote/LITE/profile/">equipment that allows </a>information to be transmitted over high-capacity fiber optic cables.



On the company&rsquo;s <a href="https://seekingalpha.com/article/4689926-lumentum-holdings-inc-lite-q3-2024-earnings-call-transcript">earnings call for its fiscal third quarter (ending March 30)</a>, CEO Alan Lowe reported that Lumentum was &ldquo;partnering with cloud and AI infrastructure customers on new innovative solutions to scale data center infrastructure that leverages (its) extensive portfolio of in-house photonics and manufacturing technologies.&rdquo; One example of this strategy involves Lumentum using its photonics technology to produce less power-intensive data switches.



Additionally, the firm is developing new products in 2024 and 2025 that will help data centers more efficiently transmit data over fiber optics, and it is working on increasing the output of its products for data centers.



Analysts, on average, <a href="https://finance.yahoo.com/quote/LITE/analysis/">expect the company&rsquo;s </a>earnings per share to jump to $1.67 in 2025 from 98 cents this year.



Lumentum&rsquo;s high exposure to fiber optics and its strong, expected growth make Lumentum one of the best fiber stocks to buy.



<h2>Corning (GLW)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/02/glw-stock-1-300x169.jpg" alt="the corning (GLW) logo and homepage displayed on a mobile phone"><div>Source: madamF / Shutterstock.com</div></div>Corning is far from a pure play on fiber optics. It is engaged in many other types of businesses, such as selling glass for flat panel displays, offering materials used to make glass, and marketing substances used to enhance vehicle emissions controls.



Nonetheless, the rapidly growing demand for the firm&rsquo;s fiber optic products, including its updated connectivity offerings, could be a needle mover for GLW stock. Indeed, on July 3,1 Deutsche Bank <a href="https://seekingalpha.com/news/4131057-corning-upgraded-to-buy-at-deutsche-bank-on-likely-double-digit-growth">upgraded the name</a> to &ldquo;buy&rdquo; from &ldquo;hold,&rdquo; citing the opportunities being created by its &ldquo;new optical connectivity products for generative AI,&rdquo; Seeking Alpha reported.



Deutsche Bank expects the company&rsquo;s optical business to expand at a compound annual growth rate of 13% between 2024 and 2027 and placed a $46 price target on the shares. The bank also predicts that increased fiber deployments by telecom companies will boost the company&rsquo;s fiber optics business.



Despite these sizeable opportunities, the shares <a href="https://finance.yahoo.com/quote/GLW/key-statistics/">trade at a relatively</a> low forward price-to-earnings ratio of 20x.



<h2>Belden (BDC)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/buy1600-300x169.jpg" alt="image of mobile phonw with stock chart on screen. sleeper stocks to buy"><div>Source: Shutterstock</div></div>Belden (NYSE:<a href="https://investorplace.com/stock-quotes/bdc-stock-quote/">BDC</a>) <a href="https://www.belden.com/products/cable/fiber-optic-cable">offers a wide variety of fiber</a> optic cables. It also provides many other solutions for data centers, including power, infrastructure, and cooling solutions, as well as racking, monitoring, and airflow management products.



Meanwhile, on July 1, Belden <a href="https://investor.belden.com/news/news-details/2024/Belden-Completes-Acquisition-of-Precision-Optical-Technologies-Inc/default.aspx">closed its acquisition of </a> Precision Optical Technologies, significantly increasing its exposure to the fiber market. Precision develops and markets <a href="https://smartoptics.com/knowledgebank-post/optical-transceivers-turning-data-into-light/">optical transceivers.</a>



CEO Ashish Chand on July 1 said in a statement that &ldquo;as networks are upgraded and bandwidth demands increase, Precision Optical Technologies&rsquo; products will be critical components as fiber deployments accelerate.&rdquo;



Analysts, on average, <a href="https://finance.yahoo.com/quote/BDC/analysis/">expect the company&rsquo;s</a> earnigns per share to surge to $7.49 in 2025 from $6.01 in 2024.



Belden&rsquo;s key acquisition and strong, expected growth make it one of the best fiber stocks.



On the date of publication, Larry Ramer did not hold (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.



On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.



&nbsp;&nbsp;&nbsp;
<div>Larry Ramer has conducted research and written articles on U.S. stocks for 15 years. He has been employed by The Fly and Israel&rsquo;s largest business newspaper, Globes. Larry began writing columns for InvestorPlace in 2015. Among his highly successful, contrarian picks have been SMCI, INTC, and MGM. You can reach him on Stocktwits at @larryramer.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/08/the-3-best-fiber-providers-to-buy-after-lumens-huge-rally/">The 3 Best Fiber Providers to Buy After Lumen&#8217;s Huge Rally</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

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Press Releases

Stratus Wins Inaugural Joseph C. Belden Innovation Award

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Belden Declares Quarterly Dividend

Belden to Host 2024 Investor Day

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Belden Announces New Integration with AWS IoT SiteWise Edge to Streamline Connection to Amazon Web Services Cloud

Belden Expands on Solutions Transformation Strategy and Provides Long-Term Financial Framework Through 2028

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