NLight (LASR) Posts Quarterly Earnings Results, Beats Expectations By $0.02 EPS

NLight (NASDAQ:LASR) posted its quarterly earnings results on Wednesday. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.02, Briefing.com reports. The firm had revenue of $42.50 million for the quarter, compared to analysts’ expectations of $42.06 million. NLight’s quarterly revenue was up 42.1% compared to the same quarter last year.

NASDAQ LASR traded up $1.06 during trading hours on Friday, hitting $37.43. 397,776 shares of the stock were exchanged, compared to its average volume of 248,489. NLight has a 12-month low of $22.14 and a 12-month high of $39.56.

Several research analysts recently issued reports on the stock. DA Davidson assumed coverage on shares of NLight in a report on Monday. They set a “buy” rating and a $40.00 price target for the company. Northcoast Research assumed coverage on shares of NLight in a report on Friday, May 18th. They set a “buy” rating and a $35.00 price target for the company. Canaccord Genuity assumed coverage on shares of NLight in a report on Monday. They set a “buy” rating and a $35.00 price target for the company. Needham & Company LLC assumed coverage on shares of NLight in a report on Monday. They set a “buy” rating and a $34.00 price target for the company. Finally, Stifel Nicolaus assumed coverage on shares of NLight in a report on Monday. They set a “buy” rating and a $40.00 price target for the company. Six investment analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and a consensus price target of $37.33.

About NLight

nLIGHT, Inc develops and manufactures semiconductor and fiber lasers components. Its products include semiconductor lasers, fiber lasers, and optical fibers. The company was founded by Scott H. Keeney, Mark DeVito and Jason Farmer in 2000 and is headquartered in Vancouver, WA.

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