With an upside potential of 34.46%, Belden Inc. (NYSE:BDC) is among the 7 Best Hardware Stocks to Buy for the AI PC Revolution.
On May 1, Truist lowered the firm’s price target on Belden Inc. (NYSE:BDC) to $150 from $184 while maintaining a Buy rating on the shares
The analyst noted that Belden delivered solid Q1 results and issued favorable Q2 guidance, although the acquisition of RUCKUS Networks raised broader questions surrounding long-term strategy and capital allocation. Despite those concerns, the transaction is expected to be approximately 15% accretive to earnings per share, according to the research note. On April 30, Belden Inc. (NYSE:BDC) entered into a definitive agreement to acquire RUCKUS Networks from Vistance Networks for approximately $1.85 billion.
The acquisition positions Belden as a leading provider of end-to-end IT and operational technology networking solutions. RUCKUS serves more than 48,000 global customers through an integrated portfolio of Wi-Fi, enterprise switching, and AI-driven cloud networking platforms designed for high-density, mission-critical environments. Belden stated that RUCKUS’ high-margin profile is expected to improve gross margins, adjusted EBITDA margins, and adjusted EPS immediately following the transaction.