Sign in or Register

Already a member?

Sign in

Or sign in with your account on:

Not a member yet?



Rubicon Technology Grows with Increased Sapphire Demand

  +Follow April 1, 2014 10:55AM
Tickers Mentioned:

All it took was a vote of confidence from JPMorgan Chase and Co. (JPM) to get Rubicon Technologies (RBCN) above a $300 million valuation and thus pushing the stock into the commonly held definition of “small-cap” status.

In their analyst note, JPMorgan notched Rubicon from Neutral to Overweight, and raised their price target on the stock from $12 to $14 a share. Analyst Paul Coster noted the company’s “sapphire” growth crystal technology, a major part of LED industry, was due for a big ramp-up as demand increases for wearable tech. He wrote, "Ramping demand for LEDs and sapphire covers used in smartphones and wearable CE devices should drive strong sales of sapphire cores, wafers, and specialized optical components for the industrial sapphire market and for Rubicon, leading to a recovery in gross margins and a return to net profit in late 2014, followed by a strong earnings recovery in 2015.”

Rubicon also received a vote of confidence from UBS, who maintained a Neutral rating on the stock but raised their price target from $9.50 to $12 a share. And on March 18th, analysts at Davidson raised their price target on shares of Rubicon from $13 to $17 a share.

Rubicon is slowly climbing back up the charts after deflating in 2011, where the company saw shares more than halved, as the company reversed a string of earnings beats in 2010 with a plunge into the red. The company has consistently been losing money, although the growing revenues from increased sapphire shipments should mitigate the size of the loss, if not possibly bring the company back to the black.

By midday trading, Rubicon had gained 14.18 percent to hit $12.89 a share. They're up 92.4 percent from the April 1 of last year.

With the day's rise, Rubicon now sports a valuation of $332.37 million. Volume was heavy, with over 1.3 million shares moved by 2pm against an average daily volume under 800,000.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Liked What You Read? Join Equities.com and Connect With Your Favorite Financial Experts FOR FREE! Members of Equities.com gain access to our leading financial news and content, active social investment community, proprietary research tools including the 2014 Small-Cap Stars, E.V.A. reports and more.

Results for RBCN
Penny Stock Secret
31 Mar 15 22:22:02
Premium Alerts Ranked #1 For Gains 2834% Last Week http://t.co/NovWYe2RAx .. $GTLS $RBCN $ANDE
31 Mar 15 09:14:06
Covered Call Alert: RUBICON TECHNOLOGY $RBCN returning up to 37.74% through 18-Sep-2015 http://t.co/w8AwimoZd2
30 Mar 15 22:53:51
sub 10 Watchlist 03/31/15: $NEON, $PLUG, $RBCN, $SREV
30 Mar 15 22:53:37
$RBCN http://t.co/SDvmQJ9Ax2
Daily Contracts
30 Mar 15 10:02:01
Real-Time feed of company contracts, original agreements and executive updates from $RBCN http://t.co/I6goiAdzdS
29 Mar 15 07:40:24
Rubicon Technology Given Average Rating of “Hold” by Analysts $RBCN http://t.co/yFJM23h1H9
28 Mar 15 11:40:33
MFI Oversold http://t.co/Oax8yrHRUS $OIBR/C $VNDA $PRGN $RBCN $FSB $DXM $MLPA $VRS $ALSK $WBIA
27 Mar 15 23:25:02
$RBCN: Report: Taiwanese sapphire firms seeing strong demand (RBCN): http://t.co/TPcI4fv0xx
john smith
27 Mar 15 17:03:06
$RBCN - Report: Taiwanese sapphire firms seeing strong demand http://t.co/Hh9OYjujal
Stocks News&Markets
27 Mar 15 17:02:43
$RBCN - Report: Taiwanese sapphire firms seeing strong demand http://t.co/2kyHC6QhS6
27 Mar 15 17:02:13
$RBCN - Report: Taiwanese sapphire firms seeing strong demand http://t.co/e4URGp6Z2Z
Breaking News
27 Mar 15 14:55:01
$PSS $RBCN: Report: Taiwanese sapphire firms seeing strong demand: http://t.co/9AZdyHmX0q
Media Sentiment
27 Mar 15 14:51:13
$RBCN received a new alert. Find out why at http://t.co/nZwqReM0tj #stocks #daytrading #trading #mkt #NYSE #NASDAQ #markets 312
Tech Stocks SA
27 Mar 15 14:49:39
Report: Taiwanese sapphire firms seeing strong demand http://t.co/4W0Mt7h7vQ $PSS $RBCN
SA Breaking News
27 Mar 15 14:49:38
Report: Taiwanese sapphire firms seeing strong demand http://t.co/9FglH3TwOz $PSS $RBCN
27 Mar 15 11:11:08
Covered Call Alert: RUBICON TECHNOLOGY $RBCN returning up to 40.85% through 18-Sep-2015 http://t.co/nb8pozk8qY
Keith Petri
27 Mar 15 09:12:05
"Viewability is one of the catalysts underpinning this push to engagement-based pricing." $RBCN ads in-line video. http://t.co/SgGGUzL7Rq
The Legacy News
26 Mar 15 19:42:05
Rubicon Technology Receives Average Rating of “Hold” from Brokerages $RBCN http://t.co/FyciainAsb
26 Mar 15 11:08:14
Covered Call Alert: RUBICON TECHNOLOGY $RBCN returning up to 38.50% through 18-Sep-2015 http://t.co/7EU8rO2zAU
Sleek Money
26 Mar 15 05:50:16
Brokerages Set Rubicon Technology Price Target at $6.63 $RBCN http://t.co/5op73HiIeH
Capital Market Labs
25 Mar 15 09:44:16
$RBCN, $ASYS, $CSCD, $DQ, $UCTT Earnings Trend Comparison http://t.co/kHfgNufRfz https://t.co/O7J0gCDLXd
Capital Market Labs
25 Mar 15 09:19:15
$RBCN, $ASYS, $CSCD, $DQ, $UCTT Book Value Trend Comparison http://t.co/PfOfg2Kn0h https://t.co/O7J0gCDLXd
Penny Stock Secret
25 Mar 15 02:47:05
Yesterday We Made $94,000 In Just One Trade More Info Here http://t.co/NovWYe2RAx .. $GTLS $RBCN $ANDE
Antonio Costa
25 Mar 15 02:25:16
$CREE $VECO $LEDS $RBCN More automakers looking to use adaptive LED headlights in upcoming cars http://t.co/mkkRZZ198U
  +Follow April 1, 2014 10:55AM



blog comments powered by Disqus

About us

Equities.com is the most advanced interactive online social ecosystem for the financial industry, serving as a resource center and next-generation communication platform that connects self-directed investors with public issuers, market experts, and professional service providers and vendors. Registered members can leverage our exclusive proprietary research tools such as the Small-Cap Stars, which outperformed 90% of all small-cap mutual funds, and robust do-it-yourself E.V.A. research reports. The Equities.com Issuer Dashboard is the ideal tool to communicate and manage investor awareness campaigns to the investment community, as well as to access valuable resources to help your company grow.

Market Data powered by QuoteMedia.
Copyright © QuoteMedia. Data delayed 15 minutes unless otherwise indicated. Terms of Use.