IPG Photonics Corporation (IPGP) is Initiated by Raymond James to Mkt Perform

IPG Photonics Corporation (IPGP) was Initiated by Raymond James to “Mkt Perform”. Raymond James advised their investors in a research report released on Apr 15, 2016.

On the company’s financial health, IPG Photonics Corporation reported $1.14 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Feb 12, 2016. Analyst had a consensus of $1.11. The company had revenue of $223.60 million for the quarter, compared to analysts expectations of $223.54 million. The company’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.07 EPS.

IPG Photonics Corporation closed down -0.22 points or -0.23% at $93.79 with 1,93,033 shares getting traded on Monday. Post opening the session at $94.07, the shares hit an intraday low of $93.13 and an intraday high of $94.81 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Apr 5, 2016, Angelo P Lopresti (SVP, Secretary & Gen Counsel) sold 4,000 shares at $95.54 per share price. According to the SEC, on Mar 30, 2016, Timothy Pv Mammen (SVP, Chief Financial Officer) sold 2,757 shares at $95.24 per share price. On Mar 22, 2016, Trevor Ness (SVP, Worldwide Sales & Mrkting) sold 1,250 shares at $94.41 per share price, according to the Form-4 filing with the securities and exchange commission.

IPG Photonics Corporation is a developer and manufacturer of a range of fiber lasers fiber amplifiers and diode lasers that are used for various applications primarily in materials processing. The Company offers a line of lasers and amplifiers which are used in materials processing advanced communications and medical applications. The Company sells its products globally to original equipment manufacturers (OEMs) system integrators and end users and markets its products internationally through direct sales force. It designs and manufactures packaged diodes direct diode lasers laser systems communications systems and materials processing laser systems that utilize its optical fiber-based products as well as other laser sources. It also manufactures complementary products used with its lasers including optical delivery cables fiber couplers beam switches optical processing heads and chillers.

IPG Photonics Corporation

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