II-VI Unveils High Power Laser Bars & Semi-Framed Stack

II-VI Incorporated IIVI recently unveiled high-power laser bars and semi-framed stacks mounted with micro-optic collimator lenses. These will allow the company to offer customers modular assemblies that can be integrated into direct diode lasers and diode-pumped solid state (DPSS) lasers.

Direct diode and DPSS lasers’ high power short-pulsed operation, together with their compact form factor and availability over a wide range of wavelengths, makes it an attractive tool for various biomedical, materials processing and defense applications. Notably, the cost of these systems, along with their performance and reliability, relies on semiconductor laser sub-assemblies.

The company’s laser bars include a proprietary hard solder technology, which helps in withstanding high power pulsed operation. As a matter of fact, II-VI’s advanced high-power laser bars and new simplified semi-framed stack structures, combined with fully automated optical alignment processes, will enable the company to offer its customers modular assemblies at optimum cost.

Notably, the company’s extensive portfolio of components for DPSS lasers comprises neodymium-doped gain crystals, including Nd:YVO4,  Nd:YAG, and Nd:YLF as well as dichroic mirrors. It also includes wavelength or resonator optics, polarization combiners and acousto-optic Q-switches.

Separately, II-VI has decided to showcase its extensive portfolios of merchant products for all laser technology platforms at Laser World of Photonics, scheduled to be held during Jun 24-27, 2019. Notably, the company will exhibit its advanced laser optics along with some cutting-edge laser heads and beam delivery solutions. Some of the notable solutions in the life sciences area to be showcased include flow cells, spectroscopy optics and precision temperature-controlled modules.

Our Take

II-VI has been grappling with adverse impact of rising costs and expenses. It is worth mentioning here that the company recorded 22% year-over-year rise in cost of sales in the third quarter of fiscal 2019 (ended Mar 31, 2019).

In addition, analysts have become increasingly bearish on the company over the past couple of months. Consequently, the Zacks Consensus Estimate for fiscal 2019 (ending Jun 30, 2019) and fiscal 2020 (ending Jun 30, 2020) earnings has trended down from $2.64 to $2.56, and from $3.08 to $3.00, respectively.

In the past three months, this Zacks Rank #4 (Sell) stock has lost 12.3%, wider than the industry’s decline of 6.3%.

Key Picks

Some better-ranked stocks from the Zacks Industrial Products sector are Chart Industries, Inc. GTLS, Roper Technologies, Inc. ROP and Flowserve Corporation FLS. While Chart Industries and Roper sport a Zacks Rank #1 (Strong Buy), Flowserve carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Chart Industries surpassed estimates thrice in the trailing four quarters, the average positive earnings surprise being 16.56%.

Roper exceeded estimates in each of the preceding four quarters, the average positive earnings surprise being 8.43%.

Flowserve outpaced estimates twice in the preceding four quarters, the average earnings surprise being 0.49%.

Breakout Biotech Stocks with Triple-Digit Profit Potential

The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.

Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +98%, +119% and +164% in as little as 1 month. The stocks in this report could perform even better.

See these 7 breakthrough stocks now>>

Click to get this free report

Roper Technologies, Inc. (ROP): Free Stock Analysis Report

II-VI Incorporated (IIVI): Free Stock Analysis Report

Flowserve Corporation (FLS): Free Stock Analysis Report

Chart Industries, Inc. (GTLS): Free Stock Analysis Report

To read this article on click here.

Zacks Investment Research

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

Other Topics


Latest Markets Videos


    Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. Today, that discovery is still the heart of the Zacks Rank. A wealth of resources for individual investors is available at

    Learn More