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nLIGHT, Inc. (LASR) designs, develops, and manufactures semiconductor and fiber lasers for industrial, microfabrication, and aerospace and defense applications.
The company operates in two segments, Laser Products and Advanced Development.
It also produces optical fiber products.
The company markets and sells its products to original equipment manufacturers primarily through direct sales force in the United States, China, South Korea, and Finland, as well as through various independent sales representatives and distributors in Asia and Europe.
On November 5th, Nlight (LASR) reported a 3rd Quarter loss of $0.04 per share on revenue of $61.7 million. The consensus estimate was a loss of $0.14 per share on revenue of $57.7 million. Revenue grew 40.9% on a year-over-year basis.
The company said it expects fourth quarter revenue of $59.0 million to $65.0 million. The current consensus revenue estimate is $57.49 million for the quarter ending December 31, 2020. Shares have formed a bullish "double bottom" and are expected to move higher out of this formation.
Entry Point: $30.00
Stop Loss: $28.50
Trading Range: $9.03 - $33.12
Target Price: $33.00
LASR closed at $33.71
