Somewhat Positive News Coverage Somewhat Unlikely to Affect Veeco Instruments (VECO) Stock Price
News articles about Veeco Instruments (NASDAQ:VECO) have trended somewhat positive on Friday, Accern Sentiment reports. The research group scores the sentiment of media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Veeco Instruments earned a media sentiment score of 0.05 on Accern’s scale. Accern also gave news stories about the semiconductor company an impact score of 45.9756837822152 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- Veeco Instruments (VECO) Cut to “Strong Sell” at BidaskClub (americanbankingnews.com)
- Veeco Provides Update on Patent Litigation (finance.yahoo.com)
- BRIEF-Veeco Instruments Says Chinese Solid State Lighting Company Selects New MOCVD System (feeds.reuters.com)
- Chinese Solid State Lighting Company Selects Veeco’s New MOCVD System for High Volume LED Production (finance.yahoo.com)
- BRIEF-Focus Lightings Tech signs two purchasing contracts with Veeco Instruments (Shanghai) (VECO) (markets.businessinsider.com)
Shares of Veeco Instruments (NASDAQ VECO) opened at $14.65 on Friday. The company has a quick ratio of 2.11, a current ratio of 2.61 and a debt-to-equity ratio of 0.32. Veeco Instruments has a one year low of $14.40 and a one year high of $34.38.
Veeco Instruments (NASDAQ:VECO) last announced its earnings results on Thursday, November 2nd. The semiconductor company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.16. The business had revenue of $131.87 million for the quarter, compared to the consensus estimate of $134.97 million. Veeco Instruments had a negative net margin of 10.16% and a negative return on equity of 0.73%. Veeco Instruments’s quarterly revenue was up 54.3% on a year-over-year basis. During the same period last year, the firm posted ($0.05) earnings per share. sell-side analysts forecast that Veeco Instruments will post -0.01 EPS for the current year.
VECO has been the topic of a number of recent analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $22.00 price target on shares of Veeco Instruments in a report on Friday, November 3rd. ValuEngine downgraded shares of Veeco Instruments from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Zacks Investment Research downgraded shares of Veeco Instruments from a “hold” rating to a “sell” rating in a research note on Tuesday, November 7th. Deutsche Bank set a $21.00 target price on shares of Veeco Instruments and gave the company a “hold” rating in a research note on Wednesday, August 30th. Finally, Benchmark reaffirmed a “buy” rating and issued a $33.00 target price on shares of Veeco Instruments in a research note on Thursday, October 5th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. Veeco Instruments currently has an average rating of “Hold” and an average price target of $29.22.
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Veeco Instruments Company Profile
Veeco Instruments Inc is engaged in the design, development, manufacture and support of thin film process equipment, primarily sold to make electronic devices. The Company’s geographical segments include the United States; China; Europe, Middle East and Africa (EMEA), and Rest of World (ROW). The Company’s portfolio of technology solutions focus on market areas, including Lighting, Display & Power Electronics; Advanced Packaging, micro-electromechanical systems (MEMS) & radio frequency (RF); Scientific & Industrial, and Data Storage.
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