BDC · NYSE · Communication Equipment

Belden (BDC)

Connects industrial and enterprise networks from cabling through Wi-Fi, switching, and cloud management.

$112.07
vs last close+1.52 (+1.37%)
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Belden Inc.BDC
Information Technology

Supplies cabling, industrial networking, cybersecurity, broadband infrastructure, and RUCKUS enterprise Wi-Fi and switching through distributor and direct channels. Its full-stack portfolio spans passive connectivity, active network equipment, and cloud management across industrial and enterprise environments.

Builds full-stack networks for industrial, enterprise, smart-building, broadband, and data-center environments. Automation Solutions supplies industrial Ethernet, connectivity, cybersecurity, and data-orchestration tools; Smart Buildings and Broadband Solutions provide copper and fiber cabling, connectivity, power, enclosures, and network infrastructure; RUCKUS adds enterprise Wi-Fi, switching, and cloud-based network management.

Combines passive infrastructure with active networking and software, letting customers source more of an IT/OT network from one supplier. Sales run largely through distributors, with direct channels to end users, installers, and equipment makers. Customer-project timing and channel inventories can shift revenue, while the RUCKUS acquisition brings integration demands. Manufacturing and operating facilities span North America, Europe, Asia, and Africa, and a substantial share of sales comes from outside the United States.

Company facts

CEOAshish Chand
ListedNov 24, 1993
ExchangeNYSE
HeadquartersSaint Louis, MO
CountryUnited States
Employees8,000
CIK0000913142
ISINUS0774541066

Market cap$4.32B
EPS (ttm)$6.15
P/E (ttm)17.98
ROE18.9%
P/B3.12
P/S1.51
Dividend yieldDiv yield0.18%
Beta1.50vs XLK 0.51

Price target$162.50+47.0%Average of 14 analysts
ConsensusBuy12 of 14 analysts
Ratings

Target rangeAs of Sep 21, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Aug 19, 2026DA DavidsonReiterate
Rating: Target: $155
Rating: BuyTarget: $170
Jul 2, 2026Truist FinancialTarget
Target: $150
Target: $155
Jun 26, 2026CitigroupInitiate
Rating:
Rating: Buy
Jun 15, 2026D.A. DavidsonTarget
Target:
Target: $155
Dec 19, 2025Truist FinancialTarget
Target: $123
Target: $150

Next report
Oct 29, 26
in 37 days
EPS estimate
$2.30
Revenue estimate
$961.4M
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Feb '25May '25Jul '25Oct '25Feb '26Apr '26Jul '26Oct '26
Reported$1.92$1.60$1.89$1.97$2.08$1.77$2.34Pending
Estimate$1.68$1.48$1.72$1.90$1.93$1.71$2.02$2.30
Surprise+14.3%+8.1%+9.9%+3.7%+7.8%+3.5%+15.8%

RevenueReportedEstimate

Feb '25May '25Jul '25Oct '25Feb '26Apr '26Jul '26Oct '26
Reported$666.0M$624.9M$672.0M$698.2M$720.1M$696.4M$750.2MPending
Estimate$624.0M$664.6M$678.2M$697.0M$696.9M$677.0M$746.8M$961.4M
Surprise+6.7%−6.0%−0.9%+0.2%+3.3%+2.9%+0.5%
Estimate$2.30
ReportedDue Oct 29, 2026
Estimate$961.4M
ReportedDue Oct 29, 2026
View details

Debt to equity95.30%
Current ratio213.50%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$654.9M$666.0M$624.9M$672.0M$698.2M$720.1M$696.4M$750.2M
Net income$53.7M$58.4M$51.9M$61.0M$56.7M$67.9M$51.0M$68.5M
Net margin8.2%8.8%8.3%9.1%8.1%9.4%7.3%9.1%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income$75.3M$69.2M$72.6M$82.4M$85.5M$89.2M$86.1M$114.1M
YoY growth−21.0%+57.4%+37.0%+19.5%+13.4%+29.0%+18.5%+38.5%

Balance sheet, Jun 28, 2026Cash & short-term investments $348.7M · Total debt $1.32B · Total assets $3.57B · Shareholders' equity $1.38B

Revenue
$750.2M
Operating income
$114.1M
Net income
$68.5M
View details

Dividend yield
0.18%
Next ex-date
Dec 16, 26
estimated · in 85 days
Annual dividend
$0.20
per share
Schedule
Quarterly
4 payments a year

HistoryDividendAnnual yield

Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26Sep '26
Dividend$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05
Annual yield0.16%0.20%0.18%0.15%0.16%0.17%0.17%0.18%
Ex-dateDec 12Mar 13Jun 12Sep 11Dec 11Mar 12Jun 16Sep 16
Payment dateJan 9Apr 10Jul 9Oct 7Jan 8Apr 9Jul 9Oct 8
View details

Institutions107.72%42.10M shares
382 holders · as of Jun 30, 2026
Insiders1.56%610.3K shares
19 holders · as of Sep 16, 2026
Strategic holders2.57%1.00M shares
1 holder · as of Apr 30, 2026
Adds to111.85%

39.08M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

These groups come from separate filings that can overlap, so they add to 111.85%; nothing is left for Other.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
BlackRock, Inc.Institution
13.16%5.14Mas of Jun 30, 2026
FMR LLCInstitution
10.35%4.05Mas of Jun 30, 2026
Price T Rowe Associates Inc /MD/Institution
8.88%3.47Mas of Jun 30, 2026
Vanguard Portfolio Management LLCInstitution
7.06%2.76Mas of Jun 30, 2026
Vanguard Capital Management LLCInstitution
4.49%1.75Mas of Jun 30, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Sep 15, 2026Brian Lieserofficer: EVP - Chief Comm. Officer−1,900$114.39
Apr 30, 2026Assured Guaranty Ltd10 percent owner+242,718$24.72
Apr 14, 2026Brian Lieserofficer: EVP - Chief Comm. Officer−2,719$130.69
Feb 4, 2026Leah Tateofficer: SVP - HR−2,954$130.00
Feb 5, 2026Doug Zinkofficer: VP and CAO−485$126.00
View details

  • Cisco Systems

    Industrial OT switches, OT security, and dominant enterprise WiFi

  • Rockwell Automation

    Stratix industrial Ethernet and SecureOT cybersecurity for EtherNet/IP OT

  • Amphenol

    Global connector maker expanded into broadband and enterprise cabling

  • Corning

    Dominant fiber optic maker in enterprise cabling, data center, and FTTH

  • Hewlett Packard Enterprise

    Aruba + Juniper Mist campus networking — primary rival to RUCKUS

  • Extreme Networks

    Cloud-managed campus WiFi and switching for enterprises and public-sector

Compare

CompanyPriceChange
Belden$112.07+1.37%$4.32B18.012.11.5+11.6%
Cisco Systems$104.64−6.12%$439.31B33.520.46.9+17.6%
Rockwell Automation$424.19−0.16%$47.28B39.929.35.3+7.9%
Amphenol$82.30+1.96%$199.05B40.428.06.9+55.0%
Corning$159.37+0.25%$136.98B72.342.78.1+22.7%
Hewlett Packard Enterprise$60.62−1.84%$81.78B32.213.32.0+33.5%
Extreme Networks$21.96−3.39%$2.97B73.516.82.3+10.3%
Median40.124.26.1+20.1%