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Veeco Instruments Inc., together with its subsidiaries, designs, manufactures, and markets thin film equipment to make light emitting diodes, power electronics, wireless devices, hard disk drives, and semiconductors worldwide.View VECO key stats
Veeco Instruments Inc - VECO - EQUITY
Reviewed By: TheStreet Ratings on .
Report Summary: TheStreet Ratings team rates Veeco Instruments Inc as a
Hold with a ratings score of C-.
Report Snippet: We rate VEECO INSTRUMENTS INC (VECO) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and a generally disappointing performance in the stock itself.