II-VI (IIVI) is seeing positive earnings estimate revisions, suggesting that it could be a solid choice for investors.
Shares of optoelectronics company II-VI Inc. are up more than 26% in Tuesday trading after the company easily topped expectations with its March-quarter results. The stock is on track for its largest single-day percentage gain since Aug. 18, 2000, when it gained nearly 67%. II-VI posted 47 cents in adjusted earnings per share on revenue of $627 million, while analysts surveyed by FactSet had been modeling 14 cents in adjusted EPS and $575.7 million in revenue. "While margins took center stage in the upside FQ3 surprise, strong bookings in the communication market suggest a longer tail to the current investment cycle," wrote Needham's James Ricchiuti, who rates II-VI's stock at buy and raised his price target to $52 from $40. "The integration of the Finisar acquisition is tracking ahead of expectations. Finally, II-VI has navigated through the COVID-19 disruption better than anticipated." II-VI shares have added 21% over the past three months as the S&P 500 has declined 13%.
II-VI Incorporated (IIVI), a global leader in engineered materials and optoelectronic components, today shared the results of its analysis of the U.S. Commerce Department’s recent interim rule that applies to Huawei and its affiliates. The Commerce Department placed Huawei and its affiliates on the Entity List effective May 16, 2019, restricting trade from the United States. The company believes that the Commerce Department’s new rule will have no to minimal impact on the company’s sales or prospects.
The sanctions against Chinese tech giant Huawei were extended for another year, undermining investors' hopes of an improved component flow from American suppliers.
PITTSBURGH, May 27, 2020 -- II-VI Incorporated (Nasdaq: IIVI), a global leader in engineered materials and optoelectronic components, announced today that the Company will.
II-VI Incorporated (IIVI), a global leader in engineered materials and optoelectronic components, announced today that the Company will hold a live webcast and conference call on Monday, May 11, 2020 at 4:30 p.m. EDT. The webcast and call will be hosted by Dr. Vincent D. (Chuck) Mattera, Jr., Chief Executive Officer, and Mary Jane Raymond, Chief Financial Officer. The third-quarter results will be released after the market closes on Monday, May 11, 2020, and will be posted on the Company’s website at www.ii-vi.com/investor-relations.
IIVI vs. FLOW: Which Stock Is the Better Value Option?
Ladies and gentlemen, thank you for standing by, and welcome to the II-VI Incorporated FY '20 Third Quarter Earnings Call. With me today on the call is Dr. Chuck Mattera, our Chief Executive Officer; and Dr. Giovanni Barbarossa, our Chief Strategy Officer and the President of the Compound Semiconductors segment.
II-VI (IIVI) delivered earnings and revenue surprises of 213.33% and 8.44%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
Chuck Mattera has been the CEO of II-VI Incorporated (NASDAQ:IIVI) since 2016. First, this article will compare CEO...
Shares of II-VI (NASDAQ: IIVI), an industrial laser company, were surging on Tuesday after the company released its fiscal third-quarter 2020 results after the bell Monday. As of 3:04 p.m. EDT, II-VI's share price was up 24.1%. In the quarter, which ended March 31, II-VI's revenue increased by 83% to $627 million.
II-VI had its Relative Strength (RS) Rating upgraded from 81 to 92 Wednesday. On Tuesday, the company announced quarterly earnings of $0.47 per share, beating estimates of $0.15 per share. This proprietary rating identifies technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the last 52 weeks matches up against all other stocks in our database.
PITTSBURGH, April 29, 2020 -- II‐VI Incorporated (Nasdaq:IIVI), a leader in engineered materials and photonic solutions for aerospace and defense, today announced that it has.
II-VI (IIVI) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Top Ranked Momentum Stocks to Buy for May 15th
As of late, it has definitely been a great time to be an investor in II-VI Incorporated (IIVI).
Record Bookings of $840 million and Record Backlog at $893 millionQuarterly Revenue of $627.0 million Quarterly GAAP Operating Income of $69.0 millionQuarterly Non-GAAP.
PITTSBURGH, May 13, 2020 -- II-VI Incorporated (Nasdaq: IIVI), a global leader in engineered materials and optoelectronic components, announced today that the Company will.
PITTSBURGH, May 06, 2020 -- II-VI Incorporated (Nasdaq: IIVI), a global leader in engineered materials and optoelectronic components, announced today that the Company will.
Q3 2020 II-VI Inc Earnings Call