Luna Innovations (NASDAQ:LUNA) updated its FY 2018 earnings guidance on Thursday. The company provided EPS guidance of $0.31-0.32 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.07. The company issued revenue guidance of $41.5-42 million, compared to the consensus revenue estimate of $47.9 million.Luna Innovations also updated its Q4 2018 guidance to $0.00-0.01 EPS.
A number of brokerages recently commented on LUNA. Zacks Investment Research downgraded Luna Innovations from a hold rating to a sell rating in a report on Tuesday, August 7th. Northland Securities downgraded Luna Innovations from an outperform rating to a market perform rating and set a $4.00 price target for the company. in a report on Friday, August 3rd. Finally, Dawson James began coverage on Luna Innovations in a report on Tuesday, October 2nd. They issued a buy rating for the company.
Shares of LUNA opened at $3.52 on Friday. The stock has a market capitalization of $89.62 million, a P/E ratio of 41.00 and a beta of 0.74. Luna Innovations has a one year low of $1.53 and a one year high of $4.32.
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About Luna Innovations
Luna Innovations Incorporated develops, manufactures, and markets fiber optic sensing, and test and measurement products worldwide. It operates in two segments, Products and Licensing, and Technology Development. The Products and Licensing segment offers fiber optic sensing products, as well as test and measurement products to monitor the integrity of fiber optic network components and sub-assemblies, which include optical vector analyzer, optical backscatter reflectometers, and the Phoenix family of tunable lasers; and distributed sensing systems comprising optical distributed sensor interrogator sensing solution with multiple sensors whose inputs are integrated through a fiber optic network and software.
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