LECO - IPG Photonics: Laser Business Has Lost Its Laser Focus
2024-03-27 04:49:55 ET
Summary
- IPG Photonics has experienced stagnant sales and declining margins in recent years, leading to a challenging outlook for the company.
- The company's first quarter sales are expected to decline by 28% year-over-year, indicating ongoing difficulties.
- IPG Photonics faces competition and lack of developments suggesting a turnaround, making it risky to buy the stock, despite secular growth of its technologies.
Shares of IPG Photonics ( IPGP ) have seen a very difficult time as the former growth darling has seen stagnant results at best in recent years, the result of the combination of less operational strength and competitive pressures....
IPG Photonics: Laser Business Has Lost Its Laser Focus