Citigroup Initiates Belden at Buy With $150 Price Target
Belden (BDC) has an average rating of buy and mean price target of $152, according to analysts polled by FactSet.
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Belden (BDC) has an average rating of buy and mean price target of $152, according to analysts polled by FactSet.
JPMorgan Chase (JPM) is preparing to launch a $1.85 billion debt financing package to back Belden's (BDC) acquisition of Ruckus Network, Bloomberg reported Wednesday, citing people familiar with the situation.The leveraged loan financing is expected to be marketed to institutional investors imminently, the people told Bloomberg.Belden agreed in April to acquire Ruckus Network from Vistance Networks (VISN) for about $1.85 billion, obtaining fully committed debt financing from JPMorgan. The bank has since brought additional lenders into the lineup, including Wells Fargo (WFC), the report added.Wells Fargo declined to comment, while JPMorgan Chase, Belden and Ruckus Network didn't immediately reply to requests for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $300.21, Change: $-0.75, Percent Change: -0.25%
Belden (BDC) shares were down 8% in early Thursday trading after the company reported its Q1 results and issued guidance for Q2.Belden reported quarterly adjusted earnings of $1.77 per diluted share, up from $1.60 a year earlier.Analysts surveyed by FactSet expected $1.70.Revenue for the quarter ended March 29 was $696.4 million, up from $624.9 million a year earlier.Analysts polled by FactSet expected $678.1 million.For Q2, the company expects adjusted earnings per share between $1.95 and $2.05 and revenue of $735 million to $750 million. Analysts polled by FactSet expect $1.98 and $731.3 million.Price: $117.36, Change: $-10.24, Percent Change: -8.03%
Brian Lieser, Executive Vice President & Chief Commercial Officer, on April 14, 2026, sold 2,719 shares in Belden (BDC) for $355,346. Following the Form 4 filing with the SEC, Lieser has control over a total of 33,595 common shares of the company, with 32,959 shares held directly and 636 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/913142/000119312526155165/xslF345X05/ownership.xml