Why You Shouldn't Bet Against II-VI Incorporated (IIVI) Stock

Why You Shouldn’t Bet Against II-VI Incorporated (IIVI) Stock

One stock that might be an intriguing choice for investors right now is II-VI Incorporated IIVI. This is because this security in the Manufacturing – Electronics space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Manufacturing – Electronics space as it currently has a Zacks Industry Rank of 41 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.Meanwhile, II-VI Incorporated is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm’s prospects in both the short and long term.

II-VI Incorporated Price and Consensus

II-VI Incorporated Price and Consensus | II-VI Incorporated Quote

In fact, over the past month, current quarter estimates have risen from 36 cents per share to 37 cents per share, while current year estimates have risen from $1.53 per share to $1.58 per share. This has helped IIVI to earn a Zacks Rank #2 (Buy), further underscoring the company’s solid position.You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.So, if you are looking for a decent pick in a strong industry, consider II-VI Incorporated. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.The Hottest Tech Mega-Trend of AllLast year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.See Zacks' 3 Best Stocks to Play This Trend >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report II-VI Incorporated (IIVI): Free Stock Analysis Report To read this article on Zacks.com click here. 

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