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MKSI - IPG Photonics MKS Instruments stocks dip after Lumentum revenue miss
MKS Instruments Inc.
Lumentum peer IPG Photonics (IPGP) is currently trading down 2.5% and MKS Instruments (MKSI) is down 1.8% after the laser company reported a top-line miss. The revenue miss was driven by $14.8M in deferred revenue due to delayed 5G deployments in China.Rival Coherent (COHR) is down less than 1%. The company is awaiting the close of its acquisition by II-VI after a bidding war that also involved Lumentum and MKS.