nLIGHT (LASR) to Release Earnings on Thursday

nLIGHT (NASDAQ:LASR) is set to release its earnings data after the market closes on Thursday, November 7th. Analysts expect nLIGHT to post earnings of ($0.08) per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

nLIGHT Stock Up 2.6 %

nLIGHT stock opened at $12.58 on Tuesday. The company has a market cap of $605.48 million, a price-to-earnings ratio of -11.65 and a beta of 2.33. The firm’s fifty day moving average is $11.12 and its 200 day moving average is $11.64. nLIGHT has a 52-week low of $9.06 and a 52-week high of $15.00.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other news, CFO Joseph John Corso sold 4,461 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $11.44, for a total transaction of $51,033.84. Following the sale, the chief financial officer now directly owns 171,434 shares in the company, valued at $1,961,204.96. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Scott H. Keeney sold 15,000 shares of nLIGHT stock in a transaction that occurred 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 sale, the chief executive officer now owns 1,347,781 shares of the company’s stock, valued at approximately $15,095,147.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Joseph John Corso sold 4,461 shares of nLIGHT stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $11.44, for a total transaction of $51,033.84. Following the sale, the chief financial officer now directly owns 171,434 shares in the company, valued at approximately $1,961,204.96. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 34,461 shares of company stock valued at $385,684. Company insiders own 6.10% of the company’s stock.

About nLIGHT

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.