II-VI: The Secular Growth Story Remains Intact [Seeking Alpha]
Coherent Corp. 6.00% Series A Mandatory Convertible Preferred Stock (IIVI)
Last coherent corp. 6.00% series a mandatory convertible preferred stock earnings: 2/10 04:05 pm
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US:NASDAQ Investor Relations:
ii-vi.com/investor/investors.html
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Source: Seeking Alpha
| Tech II-VI: The Secular Growth Story Remains Intact Feb. 20, 2020 7:33 PM ET About: II-VI Incorporated (IIVI) by: Aaron Butler Long only, value Summary 2Q20 outperforms on solid execution. Guidance is lowered but excluding the coronavirus impact, would have been in-line. Exposure to multiple secular growth themes (EVs, 5G, 3D sensing, etc.) supports the growth outlook. Valuations screen reasonably relative to historical levels, offering an opportunity for GARP investors to buy into the longer-term story. The latest II-VI ( quarter 2Q20 Results in Review IIVI's Q2 out-performance was mainly attributable to the upside in the (legacy Finisar) datacomm receivers business, which benefited from an uptick in cloud capex spending for the quarter. Source: Company Filings That said, IIVI’s strength stretched throughout its end-markets in F2Q on a pro forma basis, with communications driving the sequential growth. Per the Q2 transcript On SIC: Our silicon carbide business grew 77% sequentiall
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