NASDAQ:VECO - Veeco Stock Price, Price Target & More

Veeco trades on the NASDAQ under the ticker symbol "VECO."

Veeco declared that its Board of Directors has approved a stock buyback program on Wednesday, December 13th 2017, which authorizes the company to repurchase $100,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company's management believes its shares are undervalued.

Veeco (NASDAQ:VECO) posted its quarterly earnings data on Monday, February, 12th. The semiconductor company reported $0.19 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.09 by $0.10. The semiconductor company earned $143.40 million during the quarter, compared to analyst estimates of $143.85 million. Veeco had a negative net margin of 9.24% and a negative return on equity of 0.12%. The company's quarterly revenue was up 53.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.09 earnings per share. View Veeco's Earnings History.

Veeco is scheduled to release their next quarterly earnings announcement on Monday, May, 7th 2018. View Earnings Estimates for Veeco.

Veeco updated its first quarter earnings guidance on Monday, February, 12th. The company provided earnings per share guidance of ($0.04) to $0.14 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.01. The company issued revenue guidance of $140-$165 million, compared to the consensus revenue estimate of $157.66 million.

7 brokers have issued 12-month price objectives for Veeco's stock. Their predictions range from $21.00 to $39.00. On average, they expect Veeco's share price to reach $28.6667 in the next twelve months. View Analyst Ratings for Veeco.

Some companies that are related to Veeco include Five9 (FIVN), Bottomline Technologies (EPAY), RIB Software (RIB), Changyou (CYOU), Synaptics (SYNA), MaxLinear (MXL), TTM Technologies (TTMI), Globant (GLOB), Fih Mobile (FXCNY), Inovalon (INOV), Moneysupermarket.com (MONY), Rambus (RMBS), MicroStrategy (MSTR), Bitauto (BITA), Benchmark Electronics (BHE), CSG Systems International (CSGS), Diodes (DIOD) and Methode Electronics (MEI).

Press coverage about VECO stock has trended somewhat positive this week, according to Accern Sentiment. Accern rates the sentiment of media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Veeco earned a media sentiment score of 0.11 on Accern's scale. They also gave media stories about the semiconductor company an impact score of 46.18 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company's share price in the next several days.

Shares of VECO can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of VECO stock can currently be purchased for approximately $17.15.

Veeco has a market capitalization of $825.36 million and generates $484.76 million in revenue each year. The semiconductor company earns $-44,790,000.00 in net income (profit) each year or ($0.02) on an earnings per share basis. Veeco employs 1,014 workers across the globe.

Veeco's mailing address is Terminal Drive, Plainview NY, 11803. The semiconductor company can be reached via phone at 516-677-0200 or via email at [email protected]