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Veeco Instruments Inc ( VECO ) on Tuesday said it expected first-quarter revenue in the range of $100 million to $105 million as its workers won’t be subject to stay-at-home government orders. The financial update comes after Veeco on March 17 withdrew its financial guidance citing potential disruptions in the company’s operations caused by the repercussions of the coronavirus pandemic. Veeco manufactures thin film process equipment that enables high-tech electronic device production including LEDs. “We subsequently determined that our operations are considered part of the critical and essential infrastructure defined by applicable government agencies,” Veeco said in a statement. “Consequently, we are currently permitted and are endeavoring to maintain manufacturing and supply chain operations during these uncertain times.” The three Wall Street analysts covering Veeco in the past three months agree that the stock is a Buy, culminating in a Strong Buy consensus rating. The $18 average price target set by the analysts could provide investors with a potential 88% return in the next 12 months. ( See Veeco’s stock analysis on TipRanks ) Earlier this month, Veeco had said that several California counties issued a “shelter-in-place” directive due to the coronavirus outbreak and as a result its San Jose factory had ceased to operate. Related News: Apple Buys Weather App Dark Sky in Undisclosed Deal Verint Systems Misses Profit Estimates, Sees Growing Cloud Demand Momentum Zoom Shares Pull Back As Company Sued For Personal Data Breach More recent articles from Smarter Analyst: Gilead’s Experimental Coronavirus Drug Shows “Hopeful” Signs in Small Group KB Home Declares Second-Quarter Cash Dividend Honeywell Secures $1.5 Billion Revolving Credit Line Microsoft’s Bill Gates to Spend Billions of Dollars on Coronavirus Vaccine Development View comments
Embrace Your Past Self: Growth Through Reflection and Learning
Reflecting on past experiences fosters personal growth and resilience, reminding us that mistakes shape who we are.