II-VI Unveils High Power Laser Bars & Semi-Framed Stack
Zacks Investment Research | Jun 17, 2019 09:20PM ET
II-VI Incorporated (NASDAQ:IIVI) recently unveiled high-power laser bars and semi-framed stacks mounted with micro-optic collimator lenses. These will allow the company to offer customers modular assemblies that can be integrated into direct diode lasers and diode-pumped solid state (DPSS) lasers.
Direct diode and DPSS lasers’ high power short-pulsed operation, together with their compact form factor and availability over a wide range of wavelengths, makes it an attractive tool for various biomedical, materials processing and defense applications. Notably, the cost of these systems, along with their performance and reliability, relies on semiconductor laser sub-assemblies.
The company’s laser bars include a proprietary hard solder technology, which helps in withstanding high power pulsed operation. As a matter of fact, II-VI’s advanced high-power laser bars and new simplified semi-framed stack structures, combined with fully automated optical alignment processes, will enable the company to offer its customers modular assemblies at optimum cost.
Notably, the company’s extensive portfolio of components for DPSS lasers comprises neodymium-doped gain crystals, including Nd:YVO4, Nd:YAG, and Nd:YLF as well as dichroic mirrors. It also includes wavelength or resonator optics, polarization combiners and acousto-optic Q-switches.
Separately, II-VI has decided to showcase its extensive portfolios of merchant products for all laser technology platforms at Laser World of Photonics, scheduled to be held during Jun 24-27, 2019. Notably, the company will exhibit its advanced laser optics along with some cutting-edge laser heads and beam delivery solutions. Some of the notable solutions in the life sciences area to be showcased include flow cells, spectroscopy optics and precision temperature-controlled modules.
Our Take
II-VI has been grappling with adverse impact of rising costs and expenses. It is worth mentioning here that the company recorded 22% year-over-year rise in cost of sales in the third quarter of fiscal 2019 (ended Mar 31, 2019).
In addition, analysts have become increasingly bearish on the company over the past couple of months. Consequently, the Zacks Consensus Estimate for fiscal 2019 (ending Jun 30, 2019) and fiscal 2020 (ending Jun 30, 2020) earnings has trended down from $2.64 to $2.56, and from $3.08 to $3.00, respectively.
In the past three months, this Zacks Rank #4 (Sell) stock has lost 12.3%, wider than the Zacks Investment Research
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.