|Bid||0.00 x 800|
|Ask||0.00 x 900|
|Day's Range||75.09 - 76.62|
|52 Week Range||26.55 - 100.44|
|Beta (5Y Monthly)||1.55|
|PE Ratio (TTM)||42.50|
|Earnings Date||May 10, 2021 - May 14, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||105.76|
Laser-component maker II-VI is bulking up with a big acquisition, its latest in a long run of successful deals. Investors don’t like the move. Here’s why they should.
Well, with the recent unveiling of the first 5G iPhone, along with December's FCC wireless spectrum auction, the 5G era may finally have arrived. In other words, more switching is good for T-Mobile, which has taken market share over the past decade.
II-VI saw an improvement in its IBD SmartSelect Composite Rating Friday, from 93 to 96. The laser photonics specialist recently won the bidding war and purchased laser-equipment maker Coherent in a deal worth nearly $7 billion. The upgrade means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength.