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Vecima Networks Inc. (T:VCM)

Business Focus: Communications & Networking (NEC)

INK Edge Outlook

Mostly sunny as of July 01, 2024
For the latest outlook, get the company report

Insider Chart - Past 6 Months

Insider Filings

Latest 10 SEDI filings for VCM within the last 6 months
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Company News

May 30, 2024 07:30 ET
Vecima Named Backup Bidder in Bankruptcy Auction for Casa Systems’ Cable Business
Vecima Networks, Inc. (TSX: VCM) (“Vecima”) today announced that its subsidiary, Vecima Technology Inc., was designated the back-up bidder at an auction to acquire the Cable Business assets (the “Cable Business Assets”) of Casa Systems, Inc., with Vecima’s top bid at USD$44.95 million. Approval of the sale to the winning bidder is subject to approval by the U.S. Bankruptcy Court for the District of Delaware at a hearing next week.
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May 28, 2024 01:32 ET
Vecima Networks Inc. Announces Financing of up to C$32 Million having received Commitments for C$27.5 Million
Vecima Networks Inc. (TSX:VCM) (“Vecima” or the “Company”) is pleased to announce a financing of up to C$32,000,000, having received subscription agreements in connection with a brokered private placement of 833,200 subscription receipts of the Company (the “Subscription Receipts”) at a price of C$21.00 per Subscription Receipt (the “Issue Price”) for gross proceeds of C$17,497,200 (the “Offering”), and a concurrent non-brokered private placement (the “Non-Brokered Offering”) with 684739 B.C. Ltd. of 476,190 Subscription Receipts at the I
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Valuation Ratios

Industry
Sector
Beta
0.63
--
--
Price to Sales - TTM
1.87
1.16
4.42
Price to Book - most recent quarter
2.30
1.15
2.39
Price to Cash Flow per share - TTM
13.54
12.59
12.01
Price to Free Cash Flow per share - TTM
--
11.31
21.24
See all valuations

Short Report

Date Number of Shares Shorted Net Change
Jun 30, 2024 3,188 -1,558
Jun 15, 2024 4,746 2,688
May 31, 2024 2,058 -2,630
See Short Report

Business Summary

Sector:  Technology Industry:  Communications & Networking

Vecima Networks Inc. provides evolution to the multi-gigabit and content-rich networks. It delivers software, services, and integrated platforms that power broadband and video streaming networks, monitor and manage transportation, and transform experiences in homes, businesses, and everywhere people connect. Its segments include Video and Broadband Solutions (VBS), Content Delivery and Storage (CDS) and Telematics. The VBS segment includes platforms that process data from the cable network and deliver high-speed Internet connectivity to homes over cable and fiber, as well as adapt video services to formats suitable to be consumed on televisions in commercial properties. The CDS segment includes solutions and software, under the MediaScale brand, for service providers and content owners. Telematics segment provides fleet managers with the key information and analytics they require to optimally manage their mobile and fixed assets under the Contigo and Nero Global Tracking brands.

See business summary

 

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