Revenue Update on LightPath Technologies(NASDAQ:LPTH)

LightPath Technologies(NASDAQ:LPTH) announced the earnings results for Fiscal Year 2017 and Q2. The results came in during After-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 $5.870M. Analysts estimated a revenue of $4.850M. The revenues were 21.03% above the estimates. Earnings per share were $0.05. The reported EPS was above estimates by 150%. Analysts had estimated an EPS of $0.02.

LightPath Technologies (LPTH) made into the market gainers list on Wednesdays trading session with the shares advancing 1.78% or 0.04 points. Due to strong positive momentum, the stock ended at $2.29, which is also near the day’s high of $2.41. The stock began the session at $2.23 and the volume stood at 4,48,830 shares. The 52-week high of the shares is $2.56 and the 52 week low is $1.21. The company has a current market capitalization of $54 M and it has 2,37,26,787 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jan 6, 2017, Dorothy M Cipolla (CFO) purchased 710 shares at $1.39 per share price.Also, On Jan 6, 2017, Joseph J Jr Gaynor (CEO) purchased 2,014 shares at $1.39 per share price.On Jan 6, 2017, Alan Symmons (Executive VP- Operations) purchased 719 shares at $1.39 per share price, according to the Form-4 filing with the securities and exchange commission.

LightPath Technologies Inc. is a manufacturer and integrator of families of precision molded aspheric optics fiber-optic collimator GRADIUM glass lenses and other optical materials used to produce products that manipulate light. The Company designs develops manufactures and distributes optical components and assemblies utilizing the optical processes and manufacturing technologies. It also performs research and development for optical solutions for the traditional optics markets and communications markets. Its products are integrated into a range of applications including defense products medical devices laser aided industrial tools automotive safety applications barcode scanners optical data storage telecom machine vision and sensors among others. It is evaluating its business based on five product groups: low volume precision molded optics (LVPMO) high volume precision molded optics (HVPMO) specialty products infrared products and non-recurring engineering (NRE).

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