We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
II-VI's Advanced Modulators to Improve Materials Processing
Read MoreHide Full Article
II-VI Incorporated recently launched electro-optic modulators, designed to improve efficiencies of laser-based materials processing.
Leveraging the patented crystal technology, the company’s electro-optic modulators empower the ultrafast lasers with the capacity to produce a rapid series of energy pulses with high control. This facilitates manufacturers in performing several machining tasks, including drilling, scribing and marking at a rapid rate, with high accuracy.
As noted, the manufacturing process of II-VI’s advanced modulators is vertically integrated, ranging from its own beta-barium borate crystals to the procedure of fabricating and device assembling. This allows the company to offer its customers a high performance and cost-effective solution for applications in materials processing.
The company uses its acousto-optic, electro-optic, as well as magneto-optic materials and technology platforms for its various ultrafast laser designs. Notably, II-VI’s extensive portfolio of ultrafast lasers components comprises wavelength-stabilized pump laser modules, seed lasers, diffractive gratings, dispersion-compensation prism pairs and polarization-mode combiners, among others. It’s worth mentioning that the company’s lithium triborate and beta-barium borate crystals help in transforming the ultrafast lasers from infrared to ultraviolet at 355 nm.
Zacks Rank & Price Performance
II-VI, which has a market cap of roughly $3.4 billion, currently carries a Zacks Rank #5 (Strong Sell). Analysts have become increasingly bearish about the company over the past month. Its earnings estimates for fiscal 2020 (ending June 2020) have decreased from $1.86 to $1.79 while the same for fiscal 2021 (ending June 2021) has moved down from $2.69 to $2.63.
In the past six months, the company’s shares have lost 0.5% against the industry’s growth of 17.7%.
Berry Global delivered positive earnings surprise of 0.70%, on average, in the trailing four quarters.
SPX FLOW delivered positive earnings surprise of 6.95%, on average, in the trailing four quarters.
ABB delivered positive earnings surprise of 2.89%, on average, in the trailing four quarters.
Today's Best Stocks from Zacks
Would you like to see the updated picks from our best market-beating strategies? From 2017 through Q3 2019, while the S&P 500 gained +39.6%, five of our strategies returned +51.8%, +57.5%, +96.9%, +119.0%, and even +158.9%.
This outperformance has not just been a recent phenomenon. From 2000 – Q3 2019, while the S&P averaged +5.6% per year, our top strategies averaged up to +54.1% per year.
Image: Bigstock
II-VI's Advanced Modulators to Improve Materials Processing
II-VI Incorporated recently launched electro-optic modulators, designed to improve efficiencies of laser-based materials processing.
Leveraging the patented crystal technology, the company’s electro-optic modulators empower the ultrafast lasers with the capacity to produce a rapid series of energy pulses with high control. This facilitates manufacturers in performing several machining tasks, including drilling, scribing and marking at a rapid rate, with high accuracy.
As noted, the manufacturing process of II-VI’s advanced modulators is vertically integrated, ranging from its own beta-barium borate crystals to the procedure of fabricating and device assembling. This allows the company to offer its customers a high performance and cost-effective solution for applications in materials processing.
The company uses its acousto-optic, electro-optic, as well as magneto-optic materials and technology platforms for its various ultrafast laser designs. Notably, II-VI’s extensive portfolio of ultrafast lasers components comprises wavelength-stabilized pump laser modules, seed lasers, diffractive gratings, dispersion-compensation prism pairs and polarization-mode combiners, among others. It’s worth mentioning that the company’s lithium triborate and beta-barium borate crystals help in transforming the ultrafast lasers from infrared to ultraviolet at 355 nm.
Zacks Rank & Price Performance
II-VI, which has a market cap of roughly $3.4 billion, currently carries a Zacks Rank #5 (Strong Sell). Analysts have become increasingly bearish about the company over the past month. Its earnings estimates for fiscal 2020 (ending June 2020) have decreased from $1.86 to $1.79 while the same for fiscal 2021 (ending June 2021) has moved down from $2.69 to $2.63.
In the past six months, the company’s shares have lost 0.5% against the industry’s growth of 17.7%.
Stocks to Consider
Some better-ranked stocks from the Zacks Industrial Products sector are Berry Global Group, Inc. (BERY - Free Report) , SPX FLOW, Inc. (FLOW - Free Report) and ABB Ltd . While Berry Global and SPX FLOW sport a Zacks Rank #1 (Strong Buy), ABB carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Berry Global delivered positive earnings surprise of 0.70%, on average, in the trailing four quarters.
SPX FLOW delivered positive earnings surprise of 6.95%, on average, in the trailing four quarters.
ABB delivered positive earnings surprise of 2.89%, on average, in the trailing four quarters.
Today's Best Stocks from Zacks
Would you like to see the updated picks from our best market-beating strategies? From 2017 through Q3 2019, while the S&P 500 gained +39.6%, five of our strategies returned +51.8%, +57.5%, +96.9%, +119.0%, and even +158.9%.
This outperformance has not just been a recent phenomenon. From 2000 – Q3 2019, while the S&P averaged +5.6% per year, our top strategies averaged up to +54.1% per year.
See their latest picks free >>