Record Revenue for 2023, Achieving Year-Over-Year Growth of 23% BEVERLY, Mass., Feb. 7, 2024 /PRNewswire/ -- Axcelis Technologies, Inc. (Nasdaq: ACLS) today announced financial results for the fourth quarter and full year ended December 31, 2023. Highlights include: Record full year revenue, operating profit and EPS, enabling the Company to surpass its $1.1 billion revenue model. Continued strong growth from the Purion Power Series™ product line. Significant increase in Purion™ installed base drove record ...

Artificial intelligence stocks have captured headlines and captivated investors for several years. However, the excitement reached the mainstream in 2023 as many firms delivered exceptional earnings. The trend has continued in 2024, with artificial intelligence stocks leading the way yet again. However, some AI stocks have missed the rally, while others look undervalued despite strong surges at the start of the year. These are some of the undervalued AI stocks to consider.Supermicro (SMCI)Supermicro (NASDAQ ...

Axcelis Technologies Inc (ACLS) is slated to report fourth-quarter 2023 results on Feb 7.Recently the company revised its financial outlook for the fourth quarter of 2023 and reiterated its expectations for 2023.ACLS now anticipates fourth-quarter revenues to surpass $300 million, exceeding the earlier estimate of $295 million. It reiterates its expectation for 2023 revenues to exceed $1.1 billion. Earnings per share for the same quarter are now projected to exceed $2.05, up from the previous estimate of $2 ...

Axcelis Technologies (ACLS) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Over the past month, shares of this semiconductor services company have returned +12.5%, compared to the Zacks S&P 500 composite's +2.9% change. During this period, the Zacks Electronics - Manufacturing Machinery industry, which Axcelis falls in, has lost 0.7%. The key question now is: What could be the stock's ...

Axcelis Technologies (ACLS) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2023. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on February 7, 2024, might help the stock move higher if these key numbers are b ...

Value investors follow Benjamin Graham’s investment philosophy and look for equities that offer a reasonable margin of safety. While this strategy can help value investors avoid high-growth stocks that crash, they also tend to miss out on stocks like Nvidia (NASDAQ:NVDA).Some value investors accept this trade-off and look for less volatile assets. However, some value stocks offer a good combination of a low valuation and promising growth opportunities. Investors looking for growth at a reasonable price may ...

The most recent trading session ended with Axcelis Technologies (ACLS) standing at $133.41, reflecting a -0.75% shift from the previouse trading day's closing. This move lagged the S&P 500's daily loss of 0.06%. At the same time, the Dow added 0.35%, and the tech-heavy Nasdaq lost 0.76%.The semiconductor services company's shares have seen an increase of 3.65% over the last month, not keeping up with the Computer and Technology sector's gain of 6.36% and outstripping the S&P 500's gain of 3.36%.Analysts and ...

AI stocks are surging ahead with unprecedented success, building upon their stellar performance last year. Artificial intelligence firms focusing on semiconductor giants have effectively reshaped market dynamics. Moreover, China’s strategic support for more than 40 AI models has significantly bolstered this surge, marking a pivotal moment in the global adoption of AI.However, the anticipation surrounding AI stocks, often celebrated as market juggernauts, meets a crossroads of varied expectations as 2024 pro ...

BEVERLY, Mass., Jan. 30, 2024 /PRNewswire/ -- Axcelis Technologies, Inc. (Nasdaq: ACLS), a leading supplier of enabling ion implantation solutions for the semiconductor industry, announced today the company's plans to participate in the following upcoming investor conferences: Wolfe Research Inaugural Semiconductor Conference, taking place at The Jay Autograph Collection, San Francisco, on February 14 and 15, 2024. Axcelis management will host one-on-one and small group meetings on Wednesday, February 14, ...

Investors seeking maximum returns should concentrate on growth stocks. These firms often deliver high revenue growth. Some of these companies are profitable while others are narrowing their losses. Some growth stocks can generate more gains in 1-3 years than most indexes accumulate within a decade.Growth powerhouse stocks can generate those types of gains, but not every growth stock is a winner. Furthermore, some growth stocks are enticing for 1-3 years and then fizzle out after they stop growing. Investors ...