Veeco Instruments (VECO) Given Media Impact Score of 0.14
Press coverage about Veeco Instruments (NASDAQ:VECO) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm identifies negative and positive news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Veeco Instruments earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave media stories about the semiconductor company an impact score of 45.6873229857385 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Shares of Veeco Instruments (VECO) traded up $0.30 on Friday, reaching $15.80. 743,700 shares of the company traded hands, compared to its average volume of 520,473. 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 fifty-two week low of $15.35 and a fifty-two week high of $34.38.
Veeco Instruments (NASDAQ:VECO) last announced its quarterly earnings results on Thursday, November 2nd. The semiconductor company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.16. The firm had revenue of $131.87 million during the quarter, compared to analysts’ expectations of $134.97 million. Veeco Instruments had a negative net margin of 10.16% and a negative return on equity of 0.73%. The company’s revenue for the quarter was up 54.3% compared to the same quarter last year. During the same quarter last year, the company posted ($0.05) earnings per share. equities research analysts predict that Veeco Instruments will post -0.01 EPS for the current year.
Several brokerages have recently issued reports on VECO. Stifel Nicolaus reissued a “buy” rating and set a $38.00 price objective (up previously from $36.00) on shares of Veeco Instruments in a research report on Friday, July 21st. Zacks Investment Research downgraded shares of Veeco Instruments from a “hold” rating to a “sell” rating in a research report on Saturday, July 22nd. Deutsche Bank AG downgraded shares of Veeco Instruments from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $35.00 to $30.00 in a research report on Friday, August 4th. BidaskClub downgraded shares of Veeco Instruments from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Finally, Benchmark Co. restated a “buy” rating and set a $33.00 target price on shares of Veeco Instruments in a report on Thursday, October 5th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the stock. Veeco Instruments has an average rating of “Hold” and a consensus target price 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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