Belden is trading at $127.99 (+4.29%) as buying momentum continues following its July 30 earnings report and a broader market rally.
- The company posted a $2.34 EPS beat and lifted its Q3 revenue guidance to $950M-$970M, supported by the successful integration of the RUCKUS Networks acquisition.
- The upward move is further reinforced by a broad risk-on market and strengthening technology sector sentiment on August 4.