|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||183.42 - 187.73|
|52 Week Range||81.00 - 187.73|
|PE Ratio (TTM)||31.37|
|Earnings Date||Oct 25, 2017 - Oct 30, 2017|
|Dividend & Yield||0.00 (0.00%)|
|1y Target Est||182.50|
Shares of laser maker Coherent (COHR) are down $1.65, or 0.6%, at $257.04, despite an upbeat note today from Jagadish Iyer of Summit Redstone, who initiated coverage of the stock with a Buy rating today, and a $320 price target, writing that it is the “best of both worlds,” by which he means the company will ride the waves of manufacturing use of “high-power” fiber lasers, and also the organic light-emitting diode, or OLED, screens for mobile devices. "We believe Coherent is in a sweet spot of this ongoing industrywide transformation from LCD based displays to AMOLED displays with its Excimer laser annealing solution,” writes Iyer. Coherent’s lasers have little competition as a manufacturing tool in making OLED displays, observers Iyer: We estimate the Excimer laser tool market to grow from $570m in 2016 to over $2bn by 2020.
IPG Photonics (IPGP) is seeing solid earnings estimate revision and has a favorable Zacks rank, making it well positioned for future earnings growth.
IPG Photonics Corporation (IPGP) can be a harbinger of out performance and a signal for a strong earnings profile on the back of its favorable Zacks rank and earnings ESP in the positive territory.