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Belden Inc (BDC)

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Upturn Advisory Summary
01/02/2026: BDC (1-star) has a low Upturn Star Rating. Not recommended to BUY.
1 Year Target Price $144.4
1 Year Target Price $144.4
| 4 | Strong Buy |
| 1 | Buy |
| 0 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -17.63% | Avg. Invested days 40 | Today’s Advisory WEAK BUY |
Upturn Star Rating ![]() | Upturn Advisory Performance | Stock Returns Performance |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 4.67B USD | Price to earnings Ratio 20.96 | 1Y Target Price 144.4 |
Price to earnings Ratio 20.96 | 1Y Target Price 144.4 | ||
Volume (30-day avg) 5 | Beta 1.19 | 52 Weeks Range 83.08 - 133.72 | Updated Date 01/4/2026 |
52 Weeks Range 83.08 - 133.72 | Updated Date 01/4/2026 | ||
Dividends yield (FY) 0.17% | Basic EPS (TTM) 5.62 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 8.57% | Operating Margin (TTM) 10.87% |
Management Effectiveness
Return on Assets (TTM) 5.75% | Return on Equity (TTM) 18.41% |
Valuation
Trailing PE 20.96 | Forward PE 14.88 | Enterprise Value 5691509622 | Price to Sales(TTM) 1.75 |
Enterprise Value 5691509622 | Price to Sales(TTM) 1.75 | ||
Enterprise Value to Revenue 2.14 | Enterprise Value to EBITDA 13.48 | Shares Outstanding 39300209 | Shares Floating 38804633 |
Shares Outstanding 39300209 | Shares Floating 38804633 | ||
Percent Insiders 1.47 | Percent Institutions 105.92 |
Upturn AI SWOT
Belden Inc

Company Overview
History and Background
Belden Inc. was founded in 1902 by Joseph C. Belden. Initially, it was known as Belden Manufacturing Company and focused on producing magnet wire. Over the decades, the company has evolved significantly, expanding its product portfolio and market reach through organic growth and strategic acquisitions. It transitioned from a wire and cable manufacturer to a global provider of industrial networking, data transmission, and control solutions.
Core Business Areas
- Industrial Solutions: Offers a comprehensive range of industrial networking, connectivity, and cybersecurity solutions designed for harsh and demanding environments. This includes industrial Ethernet switches, cables, connectors, and wireless access points used in manufacturing, automation, and critical infrastructure.
- Enterprise Solutions: Provides high-performance networking solutions for commercial and enterprise applications. This segment includes structured cabling systems, fiber optics, and associated components for data centers, commercial buildings, and telecommunications networks.
- Broadcast Solutions: Delivers specialized cabling and connectivity products for the broadcast and professional audio/video industries. This includes high-quality coaxial cables, fiber optic cables, and connectors essential for signal integrity in broadcasting and live event production.
Leadership and Structure
Belden Inc. is led by a senior executive team, including a Chairman and CEO, CFO, and heads of various business segments and functions. The company operates with a divisional structure, aligning its operations and product development with its core business areas.
Top Products and Market Share
Key Offerings
- Description: High-performance, ruggedized switches designed for industrial automation and control networks. They offer advanced features for reliable data transmission in harsh environments.
- Market Share: While specific market share figures for individual product lines are proprietary, Belden is a recognized leader in the industrial Ethernet switch market. Competitors include Cisco, Siemens, and Moxa.
- Product Name: Hirschmann Industrial Ethernet Switches
- Description: A broad portfolio of data transmission cables for enterprise and industrial applications, including Cat6, Cat6a, Cat7, and various fiber optic cable types. These are fundamental components for network infrastructure.
- Market Share: Belden holds a significant share in the enterprise and industrial cabling market. Key competitors include CommScope, Corning, and Panduit.
- Product Name: Fiber optic and Copper Cabling Systems
- Description: A wide range of connectors and connectivity solutions for industrial, enterprise, and broadcast applications, ensuring reliable and secure data and signal transmission.
- Market Share: Belden is a key player in the connectivity market, facing competition from companies like TE Connectivity, Amphenol, and Molex.
- Product Name: Connectivity and Connectors
Market Dynamics
Industry Overview
Belden operates in the industrial automation, data networking, and enterprise infrastructure markets. These sectors are characterized by increasing demand for higher bandwidth, greater connectivity, the expansion of the Internet of Things (IoT), and the growing need for robust cybersecurity solutions. The shift towards digital transformation and Industry 4.0 initiatives are significant drivers.
Positioning
Belden is positioned as a provider of high-quality, reliable, and specialized connectivity and networking solutions, particularly for harsh industrial environments. Its strengths lie in its extensive product portfolio, strong brand recognition in niche markets, and focus on industrial applications. The company leverages its expertise in signal transmission and connectivity to serve diverse end markets.
Total Addressable Market (TAM)
The TAM for Belden's core markets (industrial automation, enterprise networking, and broadcast) is in the tens of billions of dollars globally and is projected to grow due to increased digitalization, smart factory adoption, and network infrastructure upgrades. Belden addresses a substantial portion of this TAM, particularly in its specialized industrial and enterprise connectivity segments.
Upturn SWOT Analysis
Strengths
- Strong brand reputation for quality and reliability in industrial environments.
- Comprehensive product portfolio covering cabling, connectivity, and industrial networking.
- Established global distribution network.
- Expertise in harsh environment and specialized application solutions.
- History of successful strategic acquisitions.
Weaknesses
- Dependence on cyclical industries like manufacturing and construction.
- Potential for price competition from larger, more diversified competitors.
- Complexity in managing a diverse product portfolio across different segments.
- Relatively smaller market share compared to some global giants in certain segments.
Opportunities
- Growing demand for IoT and Industry 4.0 solutions.
- Expansion into emerging markets and new industrial sectors.
- Increased adoption of cloud computing and data center infrastructure.
- Development of advanced cybersecurity solutions for industrial networks.
- Leveraging acquisitions to enter new technology areas or expand market reach.
Threats
- Economic downturns impacting industrial and enterprise spending.
- Intensifying competition and potential commoditization of certain products.
- Rapid technological advancements requiring continuous innovation.
- Supply chain disruptions and rising raw material costs.
- Regulatory changes impacting manufacturing and communication standards.
Competitors and Market Share
Key Competitors
- CommScope Holding Company, Inc. (COMM)
- Corning Incorporated (GLW)
- TE Connectivity Ltd. (TEL)
- Siemens AG (SIEGY - OTC)
- Cisco Systems, Inc. (CSCO)
Competitive Landscape
Belden competes in a fragmented market with both larger, diversified players and smaller, specialized companies. Its competitive advantages include its strong focus on industrial applications, high-quality products, and ability to provide integrated solutions. However, it faces challenges from competitors with greater scale and broader product portfolios in some areas.
Major Acquisitions
Clover Wireless
- Year: 2015
- Acquisition Price (USD millions): 125
- Strategic Rationale: To expand Belden's service and repair capabilities for enterprise and consumer electronics, complementing its network infrastructure offerings.
Viavi Solutions' Enterprise & Cloud Business
- Year: 2022
- Acquisition Price (USD millions): 330
- Strategic Rationale: To strengthen Belden's position in enterprise networking and data center solutions, adding Wi-Fi, AV, and IT infrastructure management technologies.
Growth Trajectory and Initiatives
Historical Growth: Belden has demonstrated a consistent ability to grow its revenue and earnings over the long term, often fueled by strategic acquisitions and expansion into growing industrial and enterprise markets. Growth has also been driven by the increasing demand for advanced networking and connectivity solutions.
Future Projections: Analyst estimates for Belden's future growth typically focus on anticipated increases in revenue and EPS, driven by the ongoing trends of digitalization, industrial automation, and infrastructure upgrades. Projections are subject to market conditions and company performance. (Specific analyst projections would be needed).
Recent Initiatives: Continued integration of acquired companies to leverage synergies and expand market reach.,Investment in R&D to develop new products and solutions for emerging technologies like 5G and edge computing.,Focus on enhancing cybersecurity offerings for industrial environments.,Expansion of sales and marketing efforts in key growth regions.
Summary
Belden Inc. is a robust company with a strong presence in industrial networking and connectivity. Its diversified product portfolio, focus on high-performance solutions for demanding environments, and history of strategic acquisitions are key strengths. The company is well-positioned to benefit from the global trends of digitalization and Industry 4.0. However, it must navigate economic uncertainties, intense competition, and the need for continuous innovation to maintain its growth trajectory.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Belden Inc. Investor Relations (Annual Reports, Quarterly Filings)
- Financial News Outlets (e.g., Wall Street Journal, Bloomberg)
- Industry Analysis Reports
- Financial Data Providers (e.g., Refinitiv, FactSet)
Disclaimers:
This information is for informational purposes only and does not constitute financial advice. Data accuracy is subject to the availability and reliability of external sources. Market share figures are estimates and may vary. Past performance is not indicative of future results.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Belden Inc
Exchange NYSE | Headquaters Saint Louis, MO, United States | ||
IPO Launch date 1993-09-29 | President, CEO & Director Dr. Ashish Chand | ||
Sector Technology | Industry Communication Equipment | Full time employees 7500 | Website https://www.belden.com |
Full time employees 7500 | Website https://www.belden.com | ||
Belden Inc. provides connection solutions to bring data infrastructure into alignment to unlock new possibilities for its customers. It operates through two segments, Smart Infrastructure Solutions and Automation Solutions. The Smart Infrastructure Solutions segment offers copper cable and connectivity solutions, fiber cable and connectivity solutions, interconnect panels, racks and enclosures, and signal extension and matrix switching systems for use in local area networks, data centers, access control, 5G, fiber to the home, and building automation applications. It also provides power, cooling, and airflow management products for mission-critical data center operations; and end-to-end fiber and copper network systems. This segment serves commercial real estate, education, financial, stadiums and venues, military installations, and broadband and wireless service providers, as well as data centers, government, healthcare, and hospitality sectors. The Automation Solutions segment offers network infrastructure and digitization solutions; and products and solutions covering various aspects of data handling, including acquisition, transmission, orchestration, and management for applications in discrete automation, process automation, energy, and mass transit. It sells its products to distributors, end-users, installers, and original equipment manufacturers (OEMs). Belden Inc. operates in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company was formerly known as Belden CDT Inc. and changed its name to Belden Inc. in May 2007. Belden Inc. was founded in 1902 and is headquartered in Saint Louis, Missouri.

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