Are These 3 Stocks Down for the Count?: Ruckus Wireless Inc (RKUS) and More

Blinded by the light
Another company blinded by poorly received earnings was IPG Photonics, an industrial laser maker, which reported double-digit increases in sales but still managed to come in below Wall Street expectations.

Considering the tepid U.S. economy contracted in the fourth quarter for the first time since 2009 and manufacturing was barely positive in December (before turning negative in January), IPG’s 17% increase in revenue and 5% increase in earnings per share seems a pretty strong performance regardless. Rather than IPG doing anything wrong, it’s more probable analysts were unreasonably optimistic about what its growth prospects were, so I see a good chance for a rebound in the stock, which is now down 14% from its 52-week high.

The article Are These 3 Stocks Down for the Count? originally appeared on Fool.com and is written by Rich Duprey.

Fool contributor Rich Duprey owns shares of Cisco Systems (NASDAQ:CSCO). The Motley Fool recommends Cisco Systems and IPG Photonics. The Motley Fool owns shares of IPG Photonics.

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