Comparing the current results to its competitors, Houston Wire And Cable Co reported Revenue decrease in the 1 quarter 2021 year on year by -19.76 %, despite the revenue increase by the most of its competitors of 8.73 %, recorded in the same quarter.
Houston Wire And Cable Co's Comment on Competition and Industry Peers
The wire and cable market is highly competitive and fragmented, with several hundred
wire and cable competitors serving this market. The product offerings and levels
of service from the other wire and cable providers with whom we compete vary widely.
We compete with many wire and cable providers on a national, regional and local
basis. Most of our direct competitors are smaller companies that focus on a specific
geographical area or feature a select product offering, such as surplus wire.
In addition to the direct competition with other wire and cable providers, we
also face, on a varying basis, competition with distributors and manufacturers
that sell products directly or through multiple distribution channels to end-users
or other resellers. In the markets that we serve, competition is primarily based
on product line breadth, quality, product availability, service capabilities and
price.
Publicly Traded Peers of Houston Wire and Cable Co
Cisco Systems Inc Share Performance
-9.79%
This Quarter
Cisco Systems Inc
Profile
Cisco Systems Inc operates a business model focused on providing networking and communication technology solutions, including hardware, software, and services. The company caters to businesses and organizations globally, enabling them to enhance connectivity, security, and collaboration through its innovative products and services.
Lumentum Holdings Inc operates as a global provider of optical and photonic products for a wide range of industries. Their business model revolves around designing, manufacturing, and distributing cutting-edge solutions that enable the development of advanced optical communication and laser technology. The company's focus lies in delivering innovative products, such as optical components, modules, and subsystems, to support telecommunications, data center, and industrial applications around the world.
Infinera Corporation operates on a business model focused on designing, manufacturing, and selling optical networking products and solutions used by telecommunications service providers, data centers, and enterprises worldwide. Their products and services aim to enable high-speed communication and efficient data transfer through the use of advanced optical technology.
Harmonic Inc is a leading provider of video delivery solutions and services. Their business model revolves around designing and selling video infrastructure products, software solutions, and providing professional services to media companies and service providers. They focus on enabling their customers to efficiently deliver high-quality video content to various devices and networks worldwide.
Sources:
Houston Wire and Cable Co’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: publicly traded companies.
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