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IPG Photonics (IPGP) Catches Eye: Stock Adds 7.5% in Session

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IPG Photonics Corporation (IPGP - Free Report) was a big mover last session, as its shares rose over 7% on the day. The move came after the company reported encouraging first-quarter 2017 financial results. This also led to far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up over 14% in the past one-month time frame.

None of the estimates for this stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

IPG Photonics currently carries a Zacks Rank #3 (Hold).

A better-ranked stock from the broader Computer and Technology space is Applied Optoelectronics, Inc. (AAOI - Free Report) , sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
    
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Applied Optoelectronics, Inc. (AAOI) - free report >>

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