Veeco Instruments (VECO) Receives Media Impact Rating of 0.04

News headlines about Veeco Instruments (NASDAQ:VECO) have trended somewhat positive this week, Accern reports. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Veeco Instruments earned a coverage optimism score of 0.04 on Accern’s scale. Accern also assigned news stories about the semiconductor company an impact score of 45.7994905619451 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

These are some of the news stories that may have impacted Accern’s scoring:

Shares of Veeco Instruments (VECO) traded up $0.30 during mid-day trading on Friday, reaching $16.65. The company had a trading volume of 1,140,000 shares, compared to its average volume of 602,564. Veeco Instruments has a 12 month low of $14.75 and a 12 month high of $34.38. 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 (NASDAQ:VECO) last announced its quarterly earnings results on Thursday, November 2nd. The semiconductor company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.16. The company had revenue of $131.87 million during the quarter, compared to analyst estimates of $134.97 million. Veeco Instruments had a negative return on equity of 0.73% and a negative net margin of 10.16%. The firm’s revenue was up 54.3% on a year-over-year basis. During the same quarter last year, the firm posted ($0.05) earnings per share. sell-side analysts anticipate that Veeco Instruments will post -0.01 EPS for the current fiscal year.

Several research analysts have recently issued reports on VECO shares. Deutsche Bank AG set a $21.00 target price on shares of Veeco Instruments and gave the stock a “hold” rating in a report on Wednesday, August 30th. Stifel Nicolaus restated a “buy” rating and issued a $38.00 target price (up previously from $36.00) on shares of Veeco Instruments in a report on Friday, July 21st. Benchmark Co. restated a “buy” rating and issued a $33.00 target price on shares of Veeco Instruments in a report on Thursday, October 5th. BidaskClub cut shares of Veeco Instruments from a “sell” rating to a “strong sell” rating in a report on Thursday, August 17th. Finally, Zacks Investment Research upgraded shares of Veeco Instruments from a “sell” rating to a “hold” rating in a report on Thursday, October 5th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $29.22.

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About Veeco Instruments

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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