Belden Inc

Belden Inc. announced it will manufacture select RUCKUS Networks ICX Ethernet switches at its Pune, India facility, an early step in integrating RUCKUS, a Belden brand, into the combined company. The move extends RUCKUS' existing presence in India into manufacturing, adding to its Bengaluru site, its largest global location for research and development and customer success, and a Research & Design Centre in Chennai, while Belden operates a Customer Innovation Center in Bengaluru and manufacturing in Pune. President and CEO Dr. Ashish Chand said the company is moving from integration planning to execution, leveraging Belden's global scale, operational capabilities and customer reach alongside RUCKUS' technology portfolio and market position. The India manufacturing initiative represents one component of Belden's broader RUCKUS strategy, which aims to improve operating efficiency through shared infrastructure and accelerate growth through deeper customer relationships and expanded market access. Belden said it will continue to evaluate opportunities across its global operations and commercial organization as the integration progresses.

Belden Inc posted record quarterly revenue of $750 million, up 12% year-over-year, and record orders of $836 million, up 19% year-over-year, in its second quarter of 2026. Organic revenue growth was 8%, with double-digit increases across its discrete, process, and enterprise growth verticals. Adjusted earnings per share came in at $2.34, up 24% year-over-year, including a net tariff benefit of approximately $0.25 per share. The company also announced that its acquisition of Ruckus Networks closed on July 1, 2026, and is immediately accretive to revenue, EPS, and EBITDA. For the third quarter, Belden guided for revenue between $950 million and $970 million, including the contribution from Ruckus, and adjusted EPS between $2.15 and $2.30.

Madison Small Cap Fund added Belden Inc. to its portfolio in the second quarter of 2026, citing the company's recent acquisition of Ruckus Networks as a transformational move that could drive a material upward re-rating of its valuation. The fund, which returned 12.7% in the quarter, underperforming the Russell 2000's 21.5% gain, disclosed the new position in its Q2 2026 investor letter. Belden, a 120-year-old specialty networking and connectivity company, has been shifting from a commodity wire and cable maker to an integrated IT/OT networking and solutions provider, with expanding gross and operating margins. The fund believes the Ruckus Networks acquisition, which adds Wi-Fi Enterprise switching and an AI-driven cloud platform, will boost profitability and growth with limited integration risk, and it estimates Belden's intrinsic value at $175 per share. Belden shares closed at $101.20 on July 16, 2026, with a market capitalization of $3.94 billion, and the stock had lost 20.93% over the past 52 weeks.

Vistance Networks has completed the sale of its RUCKUS Networks business to Belden Corporation. The company expects net proceeds of approximately $1.75 billion after taxes, fees, and expenses. A significant portion of the net proceeds will be distributed to shareholders as a dividend within 60 days, with the exact amount and timing to be determined by the board. President and CEO Chuck Treadway said the deal positions RUCKUS with a strong owner while allowing Vistance to focus on growing its Aurora Networks business.

Belden Inc. introduced a suite of rugged IT/OT networking products and software upgrades, along with its PPC DiamonDrop single-fiber drop cable, targeting more efficient and secure industrial and broadband deployments in harsh environments. The launches highlight Belden's push deeper into edge-to-core industrial connectivity and last-mile broadband infrastructure. The PPC DiamonDrop cable is especially relevant as it ties into Belden's exposure to fiber and broadband buildouts for last-mile connectivity. If broadband deployment trends hold and Belden can differentiate on ease of installation and reliability, these products could help counter pricing pressure in more commoditized cabling lines. Belden's narrative projects $3.3 billion revenue and $370.1 million earnings by 2029, requiring 5.9% yearly revenue growth and about a $133.5 million earnings increase from $236.6 million today.

Belden Inc. announced the launch of new products and software enhancements designed to help customers build more efficient, resilient and secure IT/OT networks. The four main innovations include the Belden LioN-X IO-Link Masters for distributed industrial I/O, Hirschmann IT DAP849 Wireless Access Points with Wi-Fi 6 in an IP67 enclosure, Hirschmann GREYHOUND GRS2000 L2/L3 Switches with backbone connectivity up to 10 GE, and the Belden Virtual Firewall TBF-800V for OT cybersecurity. These products work as a system to connect field data, move it reliably across OT environments, and protect it as it reaches the IT layer, enabling better visibility, broader connectivity, and more secure IT/OT convergence. Additional launches include the Belden FiberExpress XHD Fiber Angled Patch Panel and new features in Hirschmann Industrial HiVision Version 8.7 and macmon NAC 6.5.0 and 6.6.0.