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IPG Photonics (IPGP) in Focus: Stock Moves 9% Higher
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IPG Photonics Corporation (IPGP - Free Report) was a big mover last session, as the company saw its shares rise 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $145.08 to $157.30 in the past one-month time frame.
The move came after the company reported solid second-quarter 2017 results.
The company has seen one positive estimate revision in the past few weeks, while its Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
IPG Photonics currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.
Is IPGP going up? Or down? Predict to see what others think: Up or Down
More Stock News: Tech Opportunity Worth $386 Billion in 2017
From driverless cars to artificial intelligence, we've seen an unsurpassed growth of high-tech products in recent months. Yesterday's science-fiction is becoming today's reality. Despite all the innovation, there is a single component no tech company can survive without. Demand for this critical device will reach $387 billion this year alone, and it's likely to grow even faster in the future.
Zacks has released a brand-new Special Report to help you take advantage of this exciting investment opportunity. Most importantly, it reveals 4 stocks with massive profit potential.
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IPG Photonics (IPGP) in Focus: Stock Moves 9% Higher
IPG Photonics Corporation (IPGP - Free Report) was a big mover last session, as the company saw its shares rise 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $145.08 to $157.30 in the past one-month time frame.
The move came after the company reported solid second-quarter 2017 results.
The company has seen one positive estimate revision in the past few weeks, while its Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
IPG Photonics currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.
IPG Photonics Corporation Price and Consensus
IPG Photonics Corporation Price and Consensus | IPG Photonics Corporation Quote
Another stock worth considering in the Lasers Systems and Components industry is Cutera, Inc. (CUTR - Free Report) which carries the same rank as IPG Photonics. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Is IPGP going up? Or down? Predict to see what others think: Up or Down
More Stock News: Tech Opportunity Worth $386 Billion in 2017
From driverless cars to artificial intelligence, we've seen an unsurpassed growth of high-tech products in recent months. Yesterday's science-fiction is becoming today's reality. Despite all the innovation, there is a single component no tech company can survive without. Demand for this critical device will reach $387 billion this year alone, and it's likely to grow even faster in the future.
Zacks has released a brand-new Special Report to help you take advantage of this exciting investment opportunity. Most importantly, it reveals 4 stocks with massive profit potential.
See these stocks now>>