II-VI (IIVI) is Initiated by Sidoti to Buy

II-VI (IIVI) was Initiated by Sidoti to “Buy”. Sidoti advised their investors in a research report released on Apr 21, 2016.

Many Wall Street Analysts have commented on II-VI. Company shares were Reiterated by Needham on Mar 22, 2016 to “Buy”, Firm has raised the Price Target to $ 23 from a previous price target of $22 .

On the company’s financial health, II-VI reported $0.30 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jan 26, 2016. Analyst had a consensus of $0.27. The company had revenue of $191.50 million for the quarter, compared to analysts expectations of $189.61 million. The company’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.24 EPS.

II-VI opened for trading at $21.78 and hit $22.03 on the upside on Monday, eventually ending the session at $21.97, with a gain of 0.18% or 0.04 points. The heightened volatility saw the trading volume jump to 1,16,273 shares. Company has a market cap of $1,346 M.

In a different news, on Mar 30, 2016, Wendy F Dicicco (director) sold 2,000 shares at $21.16 per share price. According to the SEC, on Mar 24, 2016, Marc Y E Pelaez (director) sold 13,400 shares at $21.14 per share price. On Dec 3, 2015, Peter W Sognefest (director) sold 7,900 shares at $18.62 per share price, according to the Form-4 filing with the securities and exchange commission.

II-VI Incorporated develops manufactures and markets engineered materials and opto-electronic components and products for precision use in industrial optical communications military semiconductor medical and life science and consumer applications. The Company has three segments: II-VI Laser Solutions II-VI Photonics and II-VI Performance Products. Its II-VI Laser Solutions segment designs manufactures and markets optical and electro-optical components and materials sold under the II-VI Infrared brand and used in carbon dioxide (CO2) lasers. Its II-VI Photonics segment manufactures crystal materials optics microchip lasers and opto-electronic modules for use in optical communication networks and other consumer and commercial applications. Its II-VI Performance Products segment designs manufactures and markets infrared optical components and optical assemblies for military medical and commercial laser imaging applications.


Leave a Reply

II-VI - Is it time to Sell?

Top Brokerage Firms are advising their investors on II-VI. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.