HomeMost PopularVeeco Instruments: Support Is Near Even Though The Uptrend Is No More

Veeco Instruments: Support Is Near Even Though The Uptrend Is No More

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Veeco Instruments (NASDAQ:VECO), a leading supplier of semiconductor process equipment, recently experienced a strong rally. While the stock has broken its previous uptrend, it still retains most of its gains. Despite this, there are reasons to believe that the stock may struggle to reach new highs. However, support levels are close and could potentially contribute to a resumption of the rally. Let’s explore these factors in more detail.

VECO

Sector Median

Market Cap

$1.49B

–

Enterprise Value

$1.51B

–

Revenue (β€œttm”)

$640.9M

–

EBITDA

$81.2M

–

Trailing non-GAAP P/E

17.75

18.93

Forward non-GAAP P/E

18.50

22.09

Trailing GAAP P/E

21.59

25.02

Forward GAAP P/E

N/A

25.12

PEG GAAP

0.35

0.81

P/S

2.10

2.64

P/B

2.43

2.83

EV/sales

2.36

2.65

Trailing EV/EBITDA

18.66

14.53

Forward EV/EBITDA

13.51

13.92



Q3 FY2023 (guidance)

Q3 FY2022

YoY (midpoint)

Revenue

$155-175M

$171.9M

(4.01%)

GAAP EPS

$0.16-0.27

$0.27

(20.37%)

Non-GAAP EPS

$0.30-0.40

$0.45

(22.22%)



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