Previous Close | 89.31 |
Open | 88.97 |
Bid | 83.41 x 800 |
Ask | 83.54 x 1000 |
Day's Range | 82.86 - 89.11 |
52 Week Range | 19.00 - 100.44 |
Volume | 898,945 |
Avg. Volume | 1,430,401 |
Market Cap | 8.684B |
Beta (5Y Monthly) | 1.57 |
PE Ratio (TTM) | 46.23 |
EPS (TTM) | 1.79 |
Earnings Date | May 10, 2021 - May 14, 2021 |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | N/A |
1y Target Est | 107.12 |
Coherent is the prize in a bidding war among MKS Instruments, II-VI and Lumentum. It seeks final bids from MKS and II-VI next week, a report says.
PITTSBURGH, Feb. 22, 2021 (GLOBE NEWSWIRE) -- II‐VI Incorporated (Nasdaq: IIVI), a leader in engineered materials and laser optics, today announced the introduction of its ceramic YAG (yttrium aluminum garnet) platform for solid-state lasers and optical components. The growing adoption of advanced driver-assistance systems (ADAS) in next-generation vehicles is spurring the development of LiDAR systems that can provide high-resolution mapping of a vehicle’s surrounding scene, hundreds of meters away, with components that can be produced reliably, consistently, and at scale. II-VI’s new ceramic YAG is based on a proprietary production process that is more scalable than crystalline YAG. Ceramic YAG is ideal for optical windows, and II-VI’s proprietary ceramic-doping process achieves very high doping uniformity and repeatability, enabling solid-state laser materials such as neodymium-doped YAG for the gain medium and chromium-doped YAG for the Q-switch. “As a global leader in engineered materials, II-VI drives innovation in both ceramic and crystalline optical materials to enable us to tailor a broad range of physical properties that will lead to emerging laser applications,” said Steve Rummel, Sr. Vice President, Engineered Materials and Laser Optics Business Unit. “Unlike crystalline YAG, ceramic YAG enables us to scale production to meet customer demands while maintaining very tight tolerances in doping uniformity, enhancing the competitiveness of solid-state lasers in long-range automotive LiDAR.” Starting from synthesized YAG powder, II-VI leverages its vertically integrated manufacturing process, including doping, forming, casting, densification, optical polishing, thin-film coating, and optical testing, to produce ceramic YAG laser optics of the highest quality and up to 100 mm in size, or about four times larger than in crystalline YAG, also enabling high-energy, solid-state laser applications in satellite communications and directed energy. II-VI’s broad portfolio of products for long-range lasers includes coherent beam combiners, laser diode bars, laser gain crystals, nonlinear crystals, high-energy windows and coatings, and laser cavity optics. II-VI also offers reaction-bonded ceramic materials with industry-leading thermal conductivity for applications requiring efficient heat dissipation. II-VI will showcase its broad product line of optics and lasers at the 2021 SPIE Photonics West Digital Forum, March 6-11, 2021. About II-VI Incorporated II-VI Incorporated, a global leader in engineered materials and optoelectronic components, is a vertically integrated manufacturing company that develops innovative products for diversified applications in communications, materials processing, aerospace & defense, semiconductor capital equipment, life sciences, consumer electronics, and automotive markets. Headquartered in Saxonburg, Pennsylvania, the Company has research and development, manufacturing, sales, service, and distribution facilities worldwide. The Company produces a wide variety of application-specific photonic and electronic materials and components, and deploys them in various forms, including integrated with advanced software to support our customers. For more information, please visit us at www.ii-vi.com. CONTACT: Mark Lourie Vice President, Corporate Communications corporate.communications@ii-vi.com www.ii-vi.com/contact-us
PITTSBURGH, Feb. 18, 2021 (GLOBE NEWSWIRE) -- II‐VI Incorporated (Nasdaq: IIVI), a leader in laser technology and subsystems, today announced the introduction of its multi-wavelength laser module product line for life sciences. The rapidly growing number of photonics-based instruments for life sciences, including fluorescence-based imaging systems, flow cytometers, and DNA sequencers, is driving the demand for multi-functional laser product platforms that can be easily reconfigured while still delivering very high performance. II-VI’s multi-wavelength laser modules can be configured with up to four lasers in many visible wavelength combinations and maintain outstanding near-field intensity uniformity of greater than 80% with output power ranging from 1 mW to 5 W, making them well-suited for a broad range of life sciences instruments. “The widespread reliance on PCR testing for COVID-19 showcases how instruments for life sciences have increasingly come to rely on high-quality light sources and optics, and we believe that this trend will continue to accelerate,” said Dr. Sanjai Parthasarathi, Chief Marketing Officer. “Leveraging our core competency in thermoelectrics and photonics, along with our ISO-certified biomedical assembly facilities, our highly experienced new production introduction teams provide our customers in life sciences with world-class turnkey support from product concept to volume production.” II-VI’s multi-wavelength laser modules can be custom-configured with up to four wavelengths in the visible – blue (405/450/465/488 nm), green (520/532 nm), or red (640/660 nm). They are fully integrated with an ARM microcontroller to enable software configuration and remote monitoring. Compact and customizable, II-VI’s modules deliver the highest-quality performance and reliability. They can be easily integrated into instrumentation platforms for a wide range of life sciences applications. II-VI’s broad portfolio of products for instrumentation in life sciences includes visible-wavelength lasers, precision optics, filters, assemblies, and thermoelectric modules. System providers can expand assembly manufacturing at II-VI’s facilities in Dallas, Texas; Fuzhou, China; and Ho Chi Minh City, Vietnam, which are certified to ISO 13485 for biomedical assemblies. II-VI will showcase its broad product line of optics and lasers for life sciences at the 2021 SPIE BiOS Digital Marketplace, March 6-11, 2021. About II-VI Incorporated II-VI Incorporated, a global leader in engineered materials and optoelectronic components, is a vertically integrated manufacturing company that develops innovative products for diversified applications in communications, materials processing, aerospace & defense, semiconductor capital equipment, life sciences, consumer electronics, and automotive markets. Headquartered in Saxonburg, Pennsylvania, the Company has research and development, manufacturing, sales, service, and distribution facilities worldwide. The Company produces a wide variety of application-specific photonic and electronic materials and components, and deploys them in various forms, including integrated with advanced software to support our customers. For more information, please visit us at www.ii-vi.com. CONTACT: Mark Lourie Vice President, Corporate Communications corporate.communications@ii-vi.com www.ii-vi.com/contact-us