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nLIGHT, Inc. (LASR)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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10.23-0.21 (-2.01%)
At close: 04:00PM EDT
10.23 0.00 (0.00%)
After hours: 04:01PM EDT
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  • P
    Pat
    Anybody notice the consensus Analyst earnings estimate for next year is just THREE friggin cents?
  • G
    GOP.DowJones6500
    $25 target
  • J
    James
    Shorted at 33.50 today it will not hold
  • A
    Anonymous
    My father read about nLIGHT shortly after its IPO and wanted to invest. I didn't let him. Here’s why it pays to do your own research…

    When nLIGHT was putting together its IPO, their investment bankers put together a draft registration statement on February 16, 2018. It stated on page 1: The overall laser market was approximately $10.3 billion in 2016 according to Strategies Unlimited. The fiber laser portion of the market addressing industrial, microfabrication, and aerospace and defense sectors was approximately $1.5 billion in 2016 and is expected to grow to approximately $2.1 billion by 2021.

    They amended this registration statement on March 6, 2018 to read: The overall laser market was approximately $9.5 billion in 2015 according to Strategies Unlimited. The semiconductor and fiber laser portion of the market addressing industrial, microfabrication, and aerospace and defense sectors was approximately $2.3 billion in 2015 and is expected to grow to approximately $4.2 billion by 2020.

    That’s a big difference in numbers and makes it sound like the fiber laser market is far more growth-oriented than it is. Take the investment bankers to court for fraud, however, and their defense would be: We were just using numbers we believed were more accurate.

    Also, on page 128: Stifel, Raymond James, Needham, Canaccord, and DA Davidson owned a combined 6 million shares at the time of the IPO. There’s not a chance in heaven these companies are ever going to write anything other than a buy recommendation until they’ve captured a healthy profit for themselves. It’ll be interesting to see what happens now that the lock-up period has ended.

    For those of you who don’t know where to find a company’s filings: do a Google search for SEC Edgar. This should take you to the Edgar page where you can enter the company’s ticker into “Fast Search.”

    Most of these filings are incredibly long and boring but well worth looking at before investing. Also, anytime you see an analyst’s recommendation, do a background check to determine whether they have a financial interest in the company and whether their “analysis” might be skewed.
  • N
    Nellie
    Based on the current 2022 expected earnings of $0.63, outside of manipulation by LASR's friendly bank traders, the current share price, which corresponds to a P/E of 53, makes no sense.

    Q: Despite LASR being a fiber laser firm, why doesn't management ever break out actual fiber laser sales?
    A: Because they are P-E-A-N-U-T-S
  • K
    Ken
    The SEC just fined Elon Musk $20 million for misleading investors.

    In investor meetings just six months ago, nLIGHT went on the road presenting a picture of strong expected sales growth with significant margin improvement. This story was backed up by its investment bankers at Raymond James, Stifel, Canaccord, Needham, and D.A. Davidson whose Analysts all published buy recommendations with $40 target prices, 30% top line growth expectations as well as pie-in-the sky valuations for the shares. These reports all failed to note the price competition in the fiber laser market in China as well as a significant expected 2H18 decline in business at nLIGHT's primary diode customers. Both of these concerns were noted by just two other Analysts.

    Since then, nLIGHT has guided to a slight improvement in 2H18 sales with flat margins . Last week, Longbow in a report stated "nLIGHT is pricing below IPGP to win deals where necessary, to overcome still unproven long-term reliability questions".

    So how much should nLIGHT and its investment bankers and Analysts be fined by the SEC for misleading investors?
  • E
    Ed
    Once again Needham shows its true colors. Downgrades IPGP to hold over macro concerns, keeps banking client LASR as a buy. Can't be more obvious than that, can we? Still waiting for LASR to hit Needham's previous $40 target. LOL!
  • J
    JAKE
    Why the rally today?
  • W
    Walter
    After meeting with LASR, Needham lowers 2019 numbers and target price.
  • E
    Ed
    Once again Needham and Raymond James rush to the defense of banking client nLIGHT, by reiterating their buy recommendations. Can't be anymore obvious than that can we?

    FYI, nLIGHT down 27% last year and 36% so far this year.

    Hello Boys, we have the SEC on line 1.
  • F
    Frank
    Longbow downgrades LASR competitor IPG Photonics to neutral citing rising competition and concerns over 1-2kW fiber laser orders in Chinese fiber laser market, a key LASR market.

    Longbow report went on to note: "nLIGHT is pricing below IPGP to win deals where necessary, to overcome still unproven long-term reliability questions"
  • J
    Jeff
    Why would a company that is already profitable offer 3.65 million shares just months after it's IPO, further diluting shareholder value? Insider's just want to get more money that's why.
  • J
    James
    In case you missed it yesterday, the senior Analyst in the space initiated LASR at sell with a $17 target price
  • F
    Frank
    Laser stocks under pressure today driven by weakness in semiconductor equipment stocks. nLIGHT's largest diode customers, AMAT & MKSI, are down almost 40% recently after cutting their 2H18 outlooks. Diodes comprise over 50% of nLIGHT's sales
  • K
    Kelby
    Entire company run on a scam to make money. Technology severely lacking and if I had only known to shut up; I would have made money for being quiet. How is that not illegal? Waiting for this to crash, again... What can save them? Poor sales in lasers? Maybe software? Oh wait... They removed all of their talent. So much more I could share... Sigh.
    Bearish
  • J
    Jill Bojoie
    Our paid pumper, Joel, whines about the shorts, but at least 90% of what the shorts have posted is true, while 90% of what Joel posts is hype and conjecture. Shouldn't that be a warning?
  • m
    mikkyl
    Nlight (LASR)
    10/23/2018
    Number
of Shares 6,000,000
    Initial
Share Price $16.00
    Offer
Size $96,000,000
    Priced 4/26/2018
  • J
    Jeff
    This will be under $20 by end of week.
  • A
    Andy
    nLight is a complete disaster. They have missed estimates in 4 of the past 4 quarters. They are losing money, revenue is smaller than prior year. Even guidance is getting ugly-- and they will probably miss it. noLight has hugely diluted shareholders. Last year there were 25 million shares. This year they diluted that to 37 million shares-- in just one year they have diluted THAT MUCH. Management is terrible. No good products. If you want to invest in a stock that is going to zero, noLight (LASR) is exactly the stock to buy.
    Bearish
  • A
    Anonymous
    Ah, Yahoo Finance. You’re so boring after a while. Someone named Heather, who might also be the Queen of Scotland, came out with a thesis that I might be a short seller. Why are so many people on Yahoo Finance convinced that hedge fund traders spend the majority of their time here? Look, Heather, I know you don’t know me. That’s fine. Let me introduce myself: I’m a simple retail investor who is able to buy and purchase stock and sell covered calls. That’s it. As I already said, my father was interested in purchasing LASR shortly after its IPO. I did my research on the company, didn’t like what I saw, convinced my father to save his money, and moved on. My thesis back then was that the stock would fall and so, six months later, I decided to check to see if I was right. I was. I chose to write my post because I figured there might be other retail investors who got suckered by the hype surrounding LASR’s IPO (like my father did) and that maybe I could help people by telling them to be careful and thoroughly read a company’s documents. I figured that not everyone knows about SEC Edgar, since I only learned about it a couple years ago.

    I have no thesis on the company at the moment. You’re right, it might actually be a good time to buy, especially since shares have fallen so much. I wouldn’t know though since I haven’t done any further research since six months ago. Not everyone is trying to move the market with their posts.
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