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Yes that "sold out" comment is not something I have seen in a tech company news release. Pretty bold but I assume things are going quite well for them. I myself have them on my radar as they have an acquisitive culture and seem to have a well thought out growth plan.
Nodrog
Wake, that is a very good article and is full of information about the sector's health and the rewards available for those capable of meeting the demand.
This whole situation makes me wonder just how much money PTK is really going to need to get to where they have to be, and fast enough, to become an important alternative to companies such as II-VI. I just don't see how they will not be raising more and substantial money in the market. Remains to be seen I guess.
At least the incentive is there as there is no shortage of interest in the sector.
Nodrog
II-VI Incorporated Reports Fiscal 2017 Second Quarter Earnings; Achieves Record Bookings, Revenues and Backlog
-- Bookings of $274M increased 32% from Q2FY16
-- Revenues of $232M increased 21% compared to Q2FY16
-- EPS of $0.37 increased 42% sequentially and 23% compared to Q2FY16;
includes $0.04 of net foreign currency gains and other one-time items
PITTSBURGH, Jan. 24, 2017 (GLOBE NEWSWIRE) -- II-VI Incorporated (Nasdaq:IIVI) ("II-VI" or the "Company") today reported results for its second fiscal quarter ended December 31, 2016.
Vincent D. Mattera, Jr., President and Chief Executive Officer, said "Our second fiscal quarter results reflect our strategy and the results of our efforts to address the growing market opportunities we are seeing, including those in the communications markets. Company margin expansion is being driven by volume and manufacturing efficiencies. With a book to bill ratio of 1.18, we anticipate the momentum we are currently experiencing to continue through the second half of fiscal year 2017."
https://trade.tdameritrade.com/ta/News.html
13:13 ET - Optical-switching stocks rise following preliminary F2Q results from Oclaro (OCLR) showing sales exceeding or matching the high end of guidance and better-than-expected gross margins. Last week Applied Optoelectronics (AAOI) had preliminary results showing both top-and-bottom line beats. Stifel says these "are particularly positive datapoints for Finisar (FNSR), and to a lesser extent are positive for Lumentum (LITE) and Fabrinet (FN)." Optical-component companies are benefiting as companies upgrade data networks. Analysts at Piper Jaffray say "OCLR's positive results bodes well for the entire space and should act as a positive near-term tailwind and help diminish investor fears of a China slowdown." OCLR up 15% to $9.34 and has more than doubled over the past 12 months. FNSR rises 4.6%, LITE gains 2.7% and FN is up 2.4%. (patrick.sheridan@wsj.com)
(END) Dow Jones Newswires
January 19, 2017 13:13 ET (18:13 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
I do not know if it is different from the initial opening.
Nodrog