Iivi stock price – ii-vi inc. stock quote (u.s. nasdaq) – marketwatch gas quality by brand


Shares of Lumentum Holdings Inc. are up 8.7% in premarket trading Wednesday after the optoelectronics company beat earnings and revenue estimates and delivered a better-than-expected forecast for the current quarter. Net income for the company’s fiscal third quarter was $204.8 million, or $3.05 a share. A year earlier, the company posted a $56 million loss, or 92 cents a share. Adjusted net income rose to $50.6 million from $30.8 million a year earlier. On a per-share basis, adjusted earnings amounted to 78 cents, compared to 49 cents in the year-ago period and the FactSet consensus estimate of 71 cents. Net revenue rose to $298.8 million from $255.8 million, while analysts were expecting $292.3 million. Lumentum expects net revenue of $275 million to $300 million for its current quarter and adjusted earnings per share of 55 cents to 75 cents. Analysts had been expecting revenue of $279 million and earnings per share of 62 cents. Fellow optoelectronics company II-VI Inc. posted a revenue beat Tuesday morning. Shares of peers Finisar Corp. and Oclaro Inc. are up in premarket trading. Lumentum’s stock has gained 23% over the past 12 months, while the S&P 500 has risen 11%.

Shares of optoelectronics company II-VI Inc. are up 5.5% in midday trading Tuesday after the company reported mixed results for its March quarter. Adjusted earnings per share rose a cent from a year earlier, to 36 cents, but came in below the FactSet consensus estimate of 38 cents. GAAP earnings per share of 45 cents beat expectations for 36 cents. This metric was helped by the new tax law. Revenue of $294.7 million came in above expectations for $278.1 million. II-VI said to expect revenue of $295 million to $305 million for the June quarter, the midpoint of which is about even with the FactSet consensus. The company also projected GAAP earnings of 37 cents to 43 cents a share "inclusive of investments," whereas analysts were expecting 47 cents. Shares of fellow optoelectronics company Lumentum Holdings Inc. are up 2.7%. Lumentum is due to report results Wednesday morning. II-VI shares are up 19% over the past 12 months, while Lumentum shares have gained 18% and the S&P 500 has risen 10%.

Shares of Finisar Corp. are up 8.2% in Thursday trading after Morgan Stanley analyst Meta Marshall upgraded the stock to overweight and said that Finisar is now at the top of Morgan Stanley’s "optical scorecard." The stock is on pace to post its biggest percentage gain in two months. "While near term earnings could continue to see pressure due to 100G datacomm component pricing, upcoming catalyst opportunities could change the dialog around the name starting in the 2H," Marshall wrote. "These catalysts include: completion of the new CEO strategic review in June, introductions of cheaper CWDM4 modules later in the year and 2019, and incremental news around progress on Sherman VCSEL facility in 2H." Finisar’s VCSELs are used for facial-recognition tasks on Apple Inc.’s iPhone X. Separately, Needham analyst James Ricchiuti issued a positive note on one of Finisar’s optical rivals, II-VI Inc. on Thursday. " We believe the long-term ramp in the VCSEL business is on track, with increased capacity and improving yields expected to benefit IIVI over the next year, notwithstanding short-term concerns about 3D sensing in the smartphone market," Ricchiuti wrote of II-VI, whose shares are up 1.9% in Thursday trading. Finisar shares are down 37% in the past 12 months, while II-VI shares are up 29%. The S&P 500 has gained 13% in the past year.

II-VI, Inc. engages in the development, refinement, manufacturing, and marketing of engineered materials and opto-electronic components and products for precision in the field of industrial, optical communications, military, semiconductor, medical and life science applications. It operates through the following segments: Laser Solutions, Photonics, and Performance Products. The Laser Solutions segment supply a range of precision infrared opto-electronic components such as lenses, output couplers, windows and scan-lenses for carbon dioxide lasers. The Photonics segment manufactures laser gain materials, optics, optical components and optical module assemblies for optical communications, laser systems, and photonic applications in the medical, life science, industrial, scientific and research and development industry. The Performance Products segment provides optics, and optical sub-assemblies for visible, and infrared systems including thermal imaging, night vision, laser designation, missile warning, targeting and navigation systems such as missile domes, electro-optical windows, and sub-assemblies, imaging lenses, ultra violet filter assemblies, laser cavity optics, and prisms and other optical components. The company was founded Carl J. Johnson in 1971 and is headquartered in 1971 and is headquartered in Saxonburg, PA.