Friday, June 03, 2011 10:53:29 AM
In a note to clients, Lazard Capital writes, "Based on our new estimates we believe a higher price target is justified using the higher end of the historical multiple range for the cycle of 11-13x. Our $64 PT is based on 12x our new FY11 EPS. With $17 in net cash per share the stock remains very attractively valued at 6x (ex cash). The biggest risk is the MOCVD order cycle in China and the timing of the cycle."
Source: http://www.benzinga.com/analyst-ratings/analyst-color/11/06/1136616/update-lazard-capital-raises-pt-on-veeco-instruments-to-#ixzz1OE0DOafQ
Recent VECO News
- Veeco Announces Date for First Quarter Financial Results and Conference Call • GlobeNewswire Inc. • 04/16/2024 01:00:00 PM
- Veeco Releases Sustainability Report Highlighting Progress and Dedication to ESG Goals • GlobeNewswire Inc. • 03/20/2024 01:04:26 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/08/2024 10:00:07 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 03/06/2024 04:54:53 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 02/16/2024 06:06:07 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/14/2024 09:10:25 PM
- Veeco Reports Fourth Quarter and Fiscal Year 2023 Financial Results • GlobeNewswire Inc. • 02/14/2024 09:05:00 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/12/2024 07:08:29 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/09/2024 05:10:45 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/09/2024 04:48:40 PM
- Veeco Announces Date for Fourth Quarter and Full-Year 2023 Financial Results and Conference Call • GlobeNewswire Inc. • 01/25/2024 02:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/19/2024 09:30:14 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 01/17/2024 09:19:27 PM
- Veeco Updates Fourth Quarter 2023 Guidance and Provides Initial 2024 Outlook • GlobeNewswire Inc. • 01/17/2024 12:30:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/04/2024 09:35:09 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/04/2024 09:30:34 PM
- Veeco Announces Upcoming Investor Event • GlobeNewswire Inc. • 01/04/2024 02:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/19/2023 09:38:41 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/04/2023 09:59:14 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/04/2023 09:58:11 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/01/2023 09:15:15 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 11/30/2023 07:14:20 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 11/28/2023 12:32:10 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 11/28/2023 12:17:40 AM
- Veeco Ships First 300mm Ion Beam Deposition System to Tier 1 Memory Customer • GlobeNewswire Inc. • 11/27/2023 02:00:00 PM
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM