nLIGHT (LASR) Scheduled to Post Earnings on Thursday

nLIGHT (NASDAQ:LASR) is set to post its quarterly earnings results after the market closes on Thursday, November 7th. Analysts expect nLIGHT to post earnings of ($0.08) per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

nLIGHT (NASDAQ:LASR) last posted its quarterly earnings data on Thursday, August 1st. The company reported ($0.10) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.03. The company had revenue of $50.51 million during the quarter, compared to analysts’ expectations of $49.23 million. nLIGHT had a negative net margin of 25.62% and a negative return on equity of 19.58%. The firm’s revenue for the quarter was down 5.2% on a year-over-year basis. During the same period in the prior year, the company posted ($0.18) EPS. On average, analysts expect nLIGHT to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

nLIGHT Price Performance

NASDAQ:LASR opened at $12.91 on Thursday. The firm has a 50-day moving average of $11.09 and a two-hundred day moving average of $11.62. The stock has a market cap of $614.06 million, a P/E ratio of -12.66 and a beta of 2.35. nLIGHT has a 1-year low of $8.13 and a 1-year high of $15.00.

Analyst Ratings Changes

Several equities research analysts recently weighed in on LASR shares. Cantor Fitzgerald started coverage on shares of nLIGHT in a research note on Thursday, October 3rd. They set an “overweight” rating and a $15.50 price objective on the stock. Benchmark reiterated a “speculative buy” rating and set a $17.00 price objective on shares of nLIGHT in a research note on Friday, August 2nd. Finally, Needham & Company LLC restated a “buy” rating and issued a $15.00 price target on shares of nLIGHT in a research note on Monday, August 5th.

Insiders Place Their Bets

In other news, CEO Scott H. Keeney sold 15,000 shares of the firm’s stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $11.20, for a total transaction of $168,000.00. Following the transaction, the chief executive officer now owns 1,347,781 shares in the company, valued at approximately $15,095,147.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Joseph John Corso sold 4,461 shares of nLIGHT stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $11.44, for a total value of $51,033.84. Following the transaction, the chief financial officer now owns 171,434 shares in the company, valued at $1,961,204.96. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Scott H. Keeney sold 15,000 shares of the firm’s stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $11.20, for a total transaction of $168,000.00. Following the completion of the sale, the chief executive officer now owns 1,347,781 shares in the company, valued at $15,095,147.20. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 34,461 shares of company stock worth $385,684 in the last quarter. 6.10% of the stock is currently owned by corporate insiders.

nLIGHT Company Profile

nLIGHT, Inc designs, develops, manufactures, and sells semiconductor and fiber lasers for industrial, microfabrication, and aerospace and defense applications. The company operates in two segments, Laser Products and Advanced Development. It offers semiconductor lasers with various ranges of power levels, wavelengths, and output fiber sizes; and programmable and serviceable fiber lasers for use in industrial and aerospace and defense applications.