Veeco Instruments (VECO) Tops Q4 EPS by 3c; Issues Weak Q1 Outlook
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Piper Jaffray Remains Sidelined on Veeco Instruments (VECO) Following a 4Q Beat and Light Guidance
February 23, 2016 8:28 AM ESTPiper Jaffray reiterated a Neutral rating on Veeco Instruments Inc. (NASDAQ: VECO), and cut the price target to $20.00 (from $22.00), following the company's 4Q earnings report. VECO reported Q4 EPS of $0.01 compared to estimates of -$0.04 on modestly better than expected revenues of $107M (versus $99M). The sequential improvement in bookings came from the 17% increase QoQ in the... More
Summit Research Downgrades Veeco Instruments Inc. (VECO) to Sell
February 23, 2016 6:24 AM ESTSummit Research downgraded Veeco Instruments Inc. (NASDAQ: VECO) from Hold to Sell with a price target of $12.00.
Analyst Srini Sundararajan commented, "MOCVD investments were guided to be soft in 1H2016. The environment for LED lighting is OK however the display backlighting business remains... More
