Veeco Benefitting From Diversification, And Waiting For Orders To Rebound

If you like to trade, Veeco (VECO) may hold some appeal, as the shares seem to like to range between the high single-digits and mid-teens. From the perspective of a long-term investor, though, I continue to regard Veeco as a more middling prospect. The shares are up about 10% from my last article, when I thought the shares had some appeal/value, and have outperformed the chip space and many tool peers/comps, but now I consider the valuation to be more “fair” and the company’s longer-standing performance and competitive issues are more relevant.

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Veeco Benefitting From Diversification, And Waiting For Orders To Rebound