BELFB Stock Recent News

Bel Fuse Inc. is a small-cap company that designs, manufactures, and markets products used in various industries. In Q2 FY2023, Bel Fuse reported a slight dip in sales but saw a significant boost in gross margin. The company's backlog remains strong, but there are doubts about the conversion of backlog into actual sales.

Here is how Bel Fuse (BELFB) and Celestica (CLS) have performed compared to their sector so far this year.

In the landscape of investment opportunities, finding the right stocks that can turn a modest investment into a financial windfall can feel like searching for a needle in a haystack. However, the quest for wealth-building assets has become more attainable than ever.

Here is how Bel Fuse (BELFB) and Celestica (CLS) have performed compared to their sector so far this year.

The Zacks Electronics – Miscellaneous Products industry participants like Carrier Global CARR, SES AI SES and Bel Fuse BELFB are benefiting from higher spending on advanced technologies, including augmented reality (AR) and virtual reality (VR). Continuing investments in data center, high-performance computing and 5G end markets are the key catalysts.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Bel Fuse's Q2 2023 performance showed a slight decline in sales, but an improvement in gross margins and progress in consolidation of operations. The Power Solutions and Protection segment experienced significant growth, while the Magnetic Solutions Group faced challenges. The company effectively managed its inventory and reduced outstanding debt, showcasing sound financial prudence.

Bel Fuse (BELFB) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.

WEST ORANGE, N.J., Aug. 02, 2023 (GLOBE NEWSWIRE) -- Bel Fuse Inc. (Nasdaq: BELFA and BELFB), a leading global manufacturer of products that power, protect and connect electronic circuits, today announced its investor conference schedule for August and September 2023:

Bel Fuse Inc. (NASDAQ:BELFB ) Q2 2023 Earnings Conference Call July 27, 2023 8:30 AM ET Company Participants Jean Young - Three Part Advisors, IR Dan Bernstein - President and CEO Lynn Hutkin - VP of Financial Reporting & IR Farouq Tuweiq - CFO Conference Call Participants Theodore O'Neill - CFA, Litchfield Hills Research Jim Ricchiuti - Needham and Company Hendi Susanto - Gabelli Funds Operator Good morning and welcome to Bel Fuse's Second Quarter 2023 Earnings Call. As a reminder, this is being recorded.