Needham Maintains Buy on II-VI, Raises Price Target to $75
$IIVI
Needham analyst James Ricchiuti maintains II-VI (NASDAQ:IIVI) with a Buy and raises the price target from $70 to $75.
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/12/2022 | $75.00 → $59.00 | Overweight → Equal-Weight | Morgan Stanley |
| 2/10/2022 | $87.00 → $88.00 | Buy | B. Riley Securities |
| 2/10/2022 | $68.00 → $75.00 | Neutral | Citigroup |
| 2/10/2022 | $77.00 → $79.00 | Outperform | Raymond James |
| 2/8/2022 | $85.00 → $84.00 | Buy | Needham |
| 1/10/2022 | $71.00 → $80.00 | Neutral | BofA Securities |
| 1/3/2022 | $77.00 | Mkt Perform → Outperform | Raymond James |
| 12/15/2021 | $80.00 → $82.00 | Equal-Weight → Overweight | Morgan Stanley |
Morgan Stanley downgraded II-VI from Overweight to Equal-Weight and set a new price target of $59.00 from $75.00 previously
B. Riley Securities reiterated coverage of II-VI with a rating of Buy and set a new price target of $88.00 from $87.00 previously
Citigroup reiterated coverage of II-VI with a rating of Neutral and set a new price target of $75.00 from $68.00 previously
New York, United States, Sept. 21, 2022 (GLOBE NEWSWIRE) -- Industrial lasers are used to precisely weld metals, cut metals and fabrics, mark tracking codes for manufacturing process traceability, clean metal surfaces, change surface roughness, and measure part dimensions. The EV and primary metals sectors are just two of the many areas where they are widely utilized. Due to the multiple technological advancements in an industrial setting, including industrial automation, industrial robotics, 3D printing, etc., brought about by the development of Industry 4.0 and Industrial IoT, it is projected that the adoption of laser systems in industries will rise. The demand for precision in manufact
PITTSBURGH, Sept. 16, 2022 (GLOBE NEWSWIRE) -- Coherent Corp. (NASDAQ:COHR), a leader in optical communications technology, today announced the introduction of its ultrahigh-resolution telemetry module, or optical channel monitor (UHR-OCM), for embedded performance monitoring in optical transport systems transmitting at up to 800G and beyond. Communications service providers are rapidly scaling up the capacity of optical networks to support the exponential growth of internet traffic, driving the demand for next-generation communications equipment that can deliver greater bandwidth while maintaining long transmission reach. The UHR-OCM module provides next-generation transport systems, s
PITTSBURGH, Sept. 15, 2022 (GLOBE NEWSWIRE) -- Coherent Corp. (NASDAQ:COHR), a global leader in optical communications components and subsystems, today announced the introduction of its 200 Gbps indium phosphide (InP) electro-absorption modulated lasers (EMLs) for high-speed datacenter transceivers. The growing demand for 400G and 800G transceivers and the anticipated demand for next-generation 1.6 Tbps transceivers for intra-datacenter communication are rapidly driving a technology shift toward advanced EML devices that maintain transmission reach at higher bit rates. Coherent's EML devices are designed for high reliability and high signal integrity, enabling transceiver modules operatin
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New York, United States, Sept. 21, 2022 (GLOBE NEWSWIRE) -- Industrial lasers are used to precisely weld metals, cut metals and fabrics, mark tracking codes for manufacturing process traceability, clean metal surfaces, change surface roughness, and measure part dimensions. The EV and primary metals sectors are just two of the many areas where they are widely utilized. Due to the multiple technological advancements in an industrial setting, including industrial automation, industrial robotics, 3D printing, etc., brought about by the development of Industry 4.0 and Industrial IoT, it is projected that the adoption of laser systems in industries will rise. The demand for precision in manufact
Delivers record quarterly revenues of $887 million, up 7% sequentially and 10% year-over-yearPosts Q4FY22 GAAP EPS of $0.23 and non-GAAP diluted EPS of $0.98Achieves record FY22 bookings of $4.32 billion and revenue of $3.32 billion; up 29% and 7% annually respectivelyGenerates operating cash flow of $413 million PITTSBURGH, Aug. 24, 2022 (GLOBE NEWSWIRE) -- II-VI Incorporated (NASDAQ:IIVI) ("II-VI," "We" or the "Company") an innovator in materials, networking and lasers enabling a sustainable world, today reported results for its fiscal 2022 fourth quarter and fiscal year ended June 30, 2022. The Company revenue for the fourth fiscal quarter of 2022 was $887 million, an increase of 7% o
PITTSBURGH, Aug. 10, 2022 (GLOBE NEWSWIRE) -- II-VI Incorporated (NASDAQ:IIVI), a global leader in engineered materials and optoelectronic components, announced today that the Company will hold a conference call on Wednesday, August 24, 2022, at 9:00 a.m. ET. The call will be hosted by Dr. Vincent D. (Chuck) Mattera, Jr., Chair and CEO; Mary Jane Raymond, Chief Financial Officer; and Dr. Giovanni Barbarossa, Chief Strategy Officer and President, Materials Segment. The fourth-quarter results for FY 2022 will be released before the market opens on Wednesday, August 24, 2022, and will be posted on the Company's website at www.ii-vi.com/investor-relations. Individuals wishing to listen to th
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4 - COHERENT CORP. (0000820318) (Issuer)
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On Tuesday, 400 companies set new 52-week lows. Interesting Highlights From Today's 52-Week Lows And Highs: Toyota Motor (NYSE:TM) was the largest firm on a market cap basis to set a new 52-week low. The smallest company in terms of market cap to set a new 52-week low was Tenax Therapeutics (NASDAQ:TENX). Presidio Property Trust (NASDAQ:SQFT)'s stock traded down the lowest, falling 29.06% to reach a new 52-week low. Under Armour (NYSE:UAA) saw the biggest bounce back on, as shares traded up 0.0% to rebound after it hit its new 52-week low. On Tuesday, the following stocks hit new 52-week lows: Toyota Motor (NYSE:TM) stock broke to a new 52-week low of $143.54 on Tuesday. Share
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