Why Vicor Stock Was Crushing it This Week
The niche components maker dramatically raised its third-quarter guidance.
Overview
Power components and systems specialist Vicor's (NASDAQ: VICR) stock was loaded with energy over the past few trading days. According to data compiled by S&P Global Market Intelligence, the company's equity was up by almost 24% week to date, as of Friday morning before market open. A guidance revision played a major role in the share price improvement.
On Monday, Vicor announced that it was lifting its forecast for third-quarter revenue growth. The company's top line is now anticipated to expand by over 20% sequentially during the period, well above the previous guidance of almost 10%.
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Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.