Network-Equipment Suppliers Dinged After Belden's Demand Warning -- Market Talk - News Summed Up

Network-Equipment Suppliers Dinged After Belden's Demand Warning -- Market Talk


12:07 ET - Shares of network-equipment suppliers traded mostly lower on Friday after St. Louis-based Belden warned 3Q sales will fall below its guidance and cited softening demand across its end market. Shares of cable and fiber-optic connector maker Amphenol and TE Connectivity both fell about 3%. CommScope's stock slipped about 5%, while shares of Applied Optoelectronics fell 7%. Shares of Belden were almost 26% lower in midday trading. ( Will.Feuer@wsj.com ; @WillFOIA)


Source: Wall Street Journal October 14, 2023 04:05 UTC



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