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CIBC World Markets recorded Vecima Networks Inc. (TSE:VCM), cutting its target to $10.00 earlier today

CIBC World Markets lowered the target price of Vecima Networks Inc. (TSE:VCM) to $10.00 stating a potential upside of 0.10%.

Previously on Friday May 13, 2016, CIBC World Markets reported on Vecima Networks Inc. (TSE:VCM) raised the target price from $0.00 to $13.00 that suggested an upside of 0.10%.

Having a price of $9.10, Vecima Networks Inc. (TSE:VCM) traded -0.22% lower on the day. With the last stock price down -14.32% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Vecima Networks Inc. has recorded a 50-day average of $9.87 and a two hundred day average of $10.78. Volume of trade was up over the average, with 21,125 shares of VCM changing hands over the typical 10,498

Recent Performance Chart

Vecima Networks Inc. (TSE:VCM)

Vecima Networks Inc. has a 52 week low of $9.07 and a 52 week high of $12.60 with a P/E ratio of 9.22 The company’s market cap is currently $0.

In addition to CIBC World Markets reporting its stock price target, a total of 2 firms have reported on Vecima Networks Inc.. The 12-month price target is $9.57 with zero brokerages rating the company a strong buy, 0 brokers rating the stock a buy, two equity analysts rating the company a hold, 0 firms rating the company a underperform, and lastly zero brokerages rating the stock a sell.

Brief Synopsis On Vecima Networks Inc. (TSE:VCM)

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. Its products are directed at two markets: converged wired solutions, including a family of up converter and modulator modules that process data from routers and convert it to higher frequencies for transmission over cable to subscribers, gigabit network edge devices, EdgeQAM modulators and trans modulators, and broadband wireless, including transmitters, receivers and transceivers that process data from routers, switches and modems for the purpose of communication to subscribers over a wireless environment.

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