Fiber laser manufacturer IPG Photonics Corporation (NASDAQ: IPGP) appears on track to reach its 5–10 percent revenue growth target for 2016.
According to CLSA, "System sales are taking off, business trends in China remain robust, and new...
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IPG Photonics Corporation (IPG) designs and manufactures a line of fiber lasers and fiber amplifiers for applications in a range of markets, such as materials processing, applications, communications and medical. The Company sells its products worldwide to original equipment manufacturers (OEMs), system integrators and end users. It markets its products internationally primarily through its direct sales force, and also through agreements with independent sales representatives and distributors. IPG designs and manufactures components used in its finished products, including semiconductor diodes, optical fiber preforms and cables, finished fiber lasers and amplifiers. It also makes packaged diodes, direct diode laser systems and communications systems that utilize its optical fiber-based products