Vecima Networks Inc (VCM) Given New C$11.25 Price Target at Pi Financial

Vecima Networks Inc (TSE:VCM) had its price target lowered by Pi Financial from C$12.00 to C$11.25 in a research note issued to investors on Tuesday. Pi Financial currently has a neutral rating on the stock.

Separately, CIBC dropped their price objective on Vecima Networks from C$13.00 to C$10.00 in a research note on Tuesday.

Vecima Networks (TSE:VCM) opened at 9.00 on Tuesday. The company has a market cap of $201.50 million and a P/E ratio of 8.98. The firm’s 50-day moving average price is $9.83 and its 200-day moving average price is $10.76. Vecima Networks has a 12-month low of $9.00 and a 12-month high of $12.60.

Vecima Networks Company Profile

Vecima Networks Inc is a Canada-based company, which designs, manufactures and sells products that enable broadband access to cable, wireless and telephony networks. The Company operates in Saskatoon, Saskatchewan, Burnaby and Victoria. It has a software development facility in Mangalore, India. Service providers use its solutions to deliver services to a broadband market, including triple play (voice, video and data) and quadruple play (voice, video, data and wireless) services.

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