IPG Photonics Corporation(NASDAQ:IPGP) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-Market on Feb 14, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $280.121M. Analysts estimated a revenue of $1.250. The revenues were 22,409,679,900% below the estimates. Earnings per share were $1.39. The reported EPS was above estimates by 11.2%. Analysts had estimated an EPS of $1.25.
IPG Photonics Corporation (IPGP) shares turned negative on Wednesdays trading session with the shares closing down -0.99 points or -0.81% at a volume of 2,24,416. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $121.7. The peak price level was also seen at $121.7 while the days lowest was $120.08. Finally the shares closed at $120.82. The 52-week high of the shares is $124.27 while the 52-week low is $76.22. According to the latest information available, the market cap of the company is $6,434 M.
Several Insider Transactions has been reported to the SEC. On Dec 15, 2016, Igor Samartsev (Chief Technology Officer) sold 4,000 shares at $99.35 per share price.Also, On Dec 15, 2016, Thomas J Seifert (director) sold 990 shares at $100.02 per share price.On Dec 15, 2016, William S Hurley (director) sold 5,000 shares at $99.62 per share price, according to the Form-4 filing with the securities and exchange commission.
IPG Photonics Corporation is a developer and manufacturer of a range of fiber lasers fiber amplifiers and diode lasers that are used for various applications primarily in materials processing. The Company offers a line of lasers and amplifiers which are used in materials processing advanced communications and medical applications. The Company sells its products globally to original equipment manufacturers (OEMs) system integrators and end users and markets its products internationally through direct sales force. It designs and manufactures packaged diodes direct diode lasers laser systems communications systems and materials processing laser systems that utilize its optical fiber-based products as well as other laser sources. It also manufactures complementary products used with its lasers including optical delivery cables fiber couplers beam switches optical processing heads and chillers.