Quarterly Comment: Belden
​Belden, the US manufacturer of signal cables, connectivity and network products, reported robust 4Q16 results. Adjusted sales (after deferred revenue and patent settlement adjustments) are up 0.9% yoy to $608m. On an organic basis, the sales edged up 0.8% yoy. The group has benefitted from the dynamism of its enterprise connectivity segment (+3.7%; 26% of sales) and its broadcast segment (+3.7%; 33% of sales). Prospects for 2017 are favourable in broadcast thanks to the good order intake in Q4 and the shift to IP infrastructure system. The industrial connectivity segment (25% of sales) posted a positive organic growth (+0.5%) for the second consecutive quarter. On the other hand, the industrial IT segment, down by 5%, continued to suffer from declining...
Belden is a global supplier of networking solutions built around two global business platforms: Enterprise Solutions and Industrial Solutions. The company's portfolio of solutions enables customers to transmit and secure data, sound, and video for mission critical applications across complex enterprise and industrial environments. The company's Enterprise Solutions segment provides network infrastructure solutions, as well as cabling and connectivity solutions for commercial audio/video and security applications. The company's Industrial Solutions segment provides networking components and machine connectivity products.
Spread Research is France's first Rating Agency, registered by ESMA (European Securities and Markets Authority) and a leading European Independent Credit Research firm, founded in 2004 and based in Lyon, France. Our experienced team offer key research services using a wide range of investment strategies and research methodologies for the High Yield, Emerging Markets, Convertibles and Loan Markets.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.