⚡ Stock Ideas This Week: Luna Innovations (+15%), Revvity (+9%), Calix (+9%)
Here is your latest instalment of Cashu’s ‘In A Nutshell’ market signals series.
Twice a week, we bring you the biggest and most crucial stock signals we've picked up in the Cashu App (Apple, Android), ensuring you're always in the know and ahead of the market.
⚡Stock Ideas For You
🟢 Luna Innovations Inc (LUNA) | +14.71% since alert
🎯 New Price Target Signal
6 analysts think LUNA stock price will increase by 200.00%. The current median analyst target is $8.67 compared to a current stock price of $2.89. The lowest analysts target is $7.07 and the highest analyst target is $13.13.
📰 Recent News
Luna Innovations recently secured a major order for its Terahertz (THz) sensing solutions, which are used in the production of electric vehicle (EV) batteries. This order, along with the expansion of production capacity at their Atlanta facility, is a significant win for the company as it taps into the growing EV market. This development is expected to help bolster their business despite the financial reporting issues (Luna).
📙What does LUNA do?
Luna Innovations, headquartered in Roanoke, Virginia with 337 employees, specializes in advanced optical technology, focusing on fiber optic-based test products and sensing solutions across various industries since its 2006 IPO. The company's Lightwave segment offers technologies for optical measurements, communications testing, photonic control, and THz measurement products.
🟢 Revvity Inc (RVTY) | +9.06% since alert
🎯 New Price Target Signal
21 analysts think RVTY stock price will increase by 10.70%. The current median analyst target is $127.50 compared to a current stock price of $115.18. The lowest analysts target is $111.10 and the highest analyst target is $194.25.
📰 Recent News
Revvity raised its earnings guidance for the full year 2024, projecting adjusted earnings per share in the range of $4.70 to $4.80, and total revenue between $2.77 billion and $2.79 billion. This positive outlook has likely contributed to the company's strong performance in the stock market (MarketBeat)
📙What does RVTY do?
Revvity, Inc., based in Waltham, Massachusetts with 16,700 employees, specializes in health science solutions ranging from discovery to cure, focusing on multi-omics technologies and diagnostics across various medical fields. The company operates in Life Sciences and Diagnostics segments, developing products and services for research, clinical applications, and genomic, protein, and cell analysis.
🟢 Calix Inc (CALX) | +8.48% since alert
🎯 New Price Target Signal
9 analysts think CALX stock price will increase by 16.76%. The current median analyst target is $42.84 compared to a current stock price of $36.69. The lowest analysts target is $30.30 and the highest analyst target is $47.25.
📰 Recent News
Calix Inc. (CALX) was in the news recently due to its second-quarter financial results for 2024. The company reported earnings of $0.09 per share, which exceeded analysts' expectations of $0.06 per share. However, their revenue was down 24.1% year-over-year, coming in at $262.5 million. This decline in revenue has caused some concern among investors, even as the company continues to perform better than expected on earnings (MarketBeat)
📙What does CALX do?
Calix, Inc., based in San Jose, California, offers cloud and software platforms like Calix Cloud, Calix Revenue EDGE, and Calix Intelligent Access EDGE to enable BSPs to transform their services through real-time data and insights. The company, which employs 1,426 people and went public in 2010, specializes in unified access network systems and subscriber-facing services that manage bandwidth and service range.
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