Why Is nLIGHT (LASR) Stock Soaring Today [Yahoo! Finance]
Broadcom Inc. (AVGO)
Last broadcom inc. earnings: 3/12 04:15 pm
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Source: Yahoo! Finance
high-energy laser weapon solutions at an upcoming conference, highlighting its focus on the defense market. The company stated it would feature its newly developed 70kW-class Laser Weapon System and discuss its 30kW and 10kW High-Energy Lasers. This news appeared to reinforce investor confidence in the company's strategic direction. The announcement followed nLIGHT's recent decision to exit its cutting and welding business to reallocate resources to higher-growth and higher-priority areas within the defense sector. That move, while expected to create a near-term sales hit, was seen as strategically sound for the long term by some analysts. For instance, Craig-Hallum recently raised its price target on the stock, noting the exit would increase aerospace and defense revenue to over 80% of the company's total mix. Is now the time to buy nLIGHT? Access our full analysis report here, it's free What Is The Market Telling Us nLIGHT's shares are extremely volatile and have had 50 move
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