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Axcelis Technologies (ACLS) in Focus: Stock Gains 11.7%

Axcelis Technologies Inc. ( ACLS ) was a big mover last session, as the company saw its shares rise roughly 12% on the day. Shares moved up after the company announced multiple orders for its Purion M implanter from three leading specialty device chipmakers. This led to 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 18.1% in the past one-month time frame.

None of the estimates for this electronic-manufacturing machinery industry stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday's price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Axcelis Technologies sports a Zacks Rank #1 (Strong Buy), while its Earnings ESP is 0.00%.

Investors interested in the space may also consider EMCORE Corporation ( EMKR ), also carrying a Zacks Rank #1.

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

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AXCELIS TECH (ACLS): Free Stock Analysis Report

EMCORE CORP (EMKR): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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