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MARKETS LIVE BLOG:

STOCKS SLIP WITH MIDEAST TENSIONS, EARNINGS IN PLAY

Oil pares losses as traders anticipate Israel's response to Iranian attack

Veeco Instruments (VECO) in Focus: Stock Moves 6.4% Higher

Zacks Equity Research
Updated

Veeco Instruments Inc. VECO was a big mover last session, as the company saw its shares rise more than 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company as the stock is now down 13.4% in the past one-month time frame.

The company has seen one negative estimate revision in the past few months, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few months, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

Veeco Instruments currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.

Veeco Instruments Inc. Price

Veeco Instruments Inc. Price | Veeco Instruments Inc. Quote

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A better-ranked stock in the Computer and Technology sector is Axcelis Technologies, Inc. ACLS, which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is VECO going up? Or down? Predict to see what others think: Up or Down

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With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.

It's not the one you think.

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Veeco Instruments Inc. (VECO) : Free Stock Analysis Report
 
Axcelis Technologies, Inc. (ACLS) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research