Veeco Instruments (VECO) Tops Q4 EPS by 3c; Issues Weak Q1 Outlook

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Go back to Veeco Instruments (VECO) Tops Q4 EPS by 3c; Issues Weak Q1 Outlook

Piper Jaffray Remains Sidelined on Veeco Instruments (VECO) Following a 4Q Beat and Light Guidance

February 23, 2016 8:28 AM EST

Piper 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 EST

Summit 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