It's still pretty tough out there if you're in the laser business. While Newport (NASDAQ:NEWP) and II-VI (NASDAQ:IIVI) have come alive in the last three months and Coherent (NASDAQ:COHR) and Rofin-Sinar (NASDAQ:RSTI) are both in the green for the full year, only Newport has kept pace with the S&P 500. Even so, IPG Photonics (NASDAQ:IPGP) has done even worse, as wobbly quarterly performance and weak end markets like industrial welding and automotive have discouraged investors in this volatile laser company.
Still, I think there are better days ahead for this leading fiber laser company. Fiber lasers continue to gain share in the growing laser market, and the number of applications...
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