nLIGHT ( (LASR) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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nLIGHT shares moved after the company lifted its fourth-quarter revenue outlook, saying demand from its Aerospace & Defense customers is stronger than previously expected. The upside is focused in its Laser Products and Advanced Development segments, which are now forecast to deliver higher sales and boost overall results. This improved revenue picture, combined with a recent appointment to the company’s board, has drawn fresh attention from analysts and helped shape investor sentiment around the stock.
More about nLIGHT
YTD Price Performance: 10.82%
Average Trading Volume: 704,526
Technical Sentiment Signal: Buy
Current Market Cap: $2.03B
For further insights into LASR stock on TipRanks’ Stock Analysis page.
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