Zacks Industry Outlook Highlights IPG Photonics and IRIDEX
For Immediate Release
Chicago, IL – June 21, 2023 – Today, Zacks Equity Research discusses IPG Photonics IPGP and IRIDEX IRIX.
Industry: Laser Systems
Link: https://www.zacks.com/commentary/2110640/2-laser-systems-stocks-to-buy-in-a-prospering-industry
The Zacks Laser Systems and Components industry benefits from upbeat demand from electronics, semiconductors and healthcare end-markets. IPG Photonics and IRIDEX are well-positioned to benefit from these trends. Robust demand for high-power continuous wave and pulsed laser for cutting and battery-processing applications, growing demand for high-performance optical devices, and the ongoing adoption of cloud computing, autonomous driving, IoT and 5G are the key catalysts.
Nevertheless, the industry suffers from supply-chain disruptions, including parts and