Belden Q3 revenue rises 38%, slightly beats estimates

Belden

Thu 11:40

Overview
US networking solutions firm's fiscal Q3 revenue rose 38% yr/yr, slightly beating analyst expectations
Adjusted EPS for fiscal Q3 met analyst consensus
Company announced $100 mln data center supply agreement for 2027

Outlook
Belden sees Q4 revenue between $960 mln and $980 mln
Company expects Q4 adjusted EPS of $2.20 to $2.35
Belden expects its data center business to grow over 50% in 2027

Result Drivers
AI AND AUTOMATION DEMAND - Co said strong demand for networking infrastructure driven by AI and automation investments
DATA CENTER AGREEMENT - Co said new $100 mln supply agreement expected to drive significant growth in data center business
RUCKUS INTEGRATION - Co said integration of Ruckus acquisition is progressing, with expanding cross-selling opportunities

Company press release: ID:nBw3jSQx7a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Slight Beat*
$966 mln
$961.82 mln (6 Analysts)
Q3 Adjusted EPS
Meet
$2.26
$2.26 (6 Analysts)
Q3 Loss Per Share
 
$0.29
 
Q3 Adjusted EBITDA
 
$171 mln
 
Q3 Adjusted EBITDA Margin
 
17.70%
 
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the communications & networking peer group is "buy"
Wall Street's median 12-month price target for Belden Inc. is $152.50, about 43% above its October 28 closing price of $106.66
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 14 three months ago

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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)