logo
Sign in or Register

Already a member?

Sign in

Or sign in with your account on:

Not a member yet?

Register
    

 


Rubicon Technology Grows with Increased Sapphire Demand

  +Follow April 1, 2014 10:55AM
Share:
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


Signup for our daily newsletter and get our best articles emailed right to you!

Results for RBCN
Stocksguru99
31 Aug 15 01:05:19
Gains Over 2500% In one Trade.. Subscribe Here! http://t.co/n4FmW1UTLN .. $GTLS $RBCN $ANDE
Trade Followers
30 Aug 15 18:17:00
$RBCN was one of the most bullish stocks on Twitter over the past six months. https://t.co/u1SgotrHyP
WatchTheFunds
29 Aug 15 15:05:02
$RBCN Institutional ownership up 11.55% Q/Q, with 3,366,650 net purchase http://t.co/BASYDKLCqe http://t.co/zcMSgtHipb
chartguy89
29 Aug 15 07:26:14
RBCN +6.57% Stock Charts $RBCN Rubicon Technology Inc. (NASDAQ) Last Updated: 08/29/2015 09:26:19 RBCN Stock C http://t.co/nbNe1Y8c4p
MarketBeatCom
28 Aug 15 16:40:39
Get the latest news and updates for $RBCN $SJW $GPRO $LVS $SLM automatically with MarketBeat Daily http://t.co/nSJuDsYidj
TimeForGrowth
28 Aug 15 15:21:02
$RBCN: Wall Street analysts bullish on RBCN's earnings growth: http://t.co/J5wDpUyrHQ http://t.co/enz0ra3rcS
axtiaxti
28 Aug 15 11:26:44
$RBCN Next ROCKET https://t.co/hL3z6siBsw
Erika
28 Aug 15 10:54:24
RT @axtiaxti: $RBCN OVERSOLD TRADING AT CASH!!!!
Erika
28 Aug 15 10:54:18
RT @axtiaxti: $RBCN First Target $2 OVERSOLD TRADING AT CASH!
Erika
28 Aug 15 10:54:13
RT @axtiaxti: $RBCN could be the next $MPO $RBCN OVERSOLD TRADING AT CASH!
Erika
28 Aug 15 10:54:09
RT @axtiaxti: $RBCN Next $EOX
Erika
28 Aug 15 10:54:05
RT @axtiaxti: @lglmrc check $RBCN Trading at cash this will shoout up like a rocket! Short % of Float 23.67%!!!!!
Erika
28 Aug 15 10:54:00
RT @axtiaxti: @timothysykes check $RBCN Trading at cash this will shoout up like a rocket! Short % of Float 23.67%!!!!!
Erika
28 Aug 15 10:53:56
RT @axtiaxti: @bman_alerts check out $RBCN !!! Trading at cash this will shoout up like a rocket! Short % of Float 23.67%!
Erika
28 Aug 15 10:53:52
RT @axtiaxti: @NerdElert check $RBCN Trading at cash this will shoout up like a rocket! Short % of Float 23.67%!
Erika
28 Aug 15 10:53:47
RT @axtiaxti: @super_trades check $RBCN Trading at cash this will shoout up like a rocket! Short % of Float 23.67%!!!!!!
axtiaxti
28 Aug 15 10:50:47
@super_trades check $RBCN Trading at cash this will shoout up like a rocket! Short % of Float 23.67%!!!!!!
axtiaxti
28 Aug 15 10:50:33
@NerdElert check $RBCN Trading at cash this will shoout up like a rocket! Short % of Float 23.67%!
axtiaxti
28 Aug 15 10:50:22
@bman_alerts check out $RBCN !!! Trading at cash this will shoout up like a rocket! Short % of Float 23.67%!
axtiaxti
28 Aug 15 10:50:02
@timothysykes check $RBCN Trading at cash this will shoout up like a rocket! Short % of Float 23.67%!!!!!
axtiaxti
28 Aug 15 10:49:13
@lglmrc check $RBCN Trading at cash this will shoout up like a rocket! Short % of Float 23.67%!!!!!
axtiaxti
28 Aug 15 10:36:09
$RBCN Next $EOX
axtiaxti
28 Aug 15 10:35:19
$RBCN could be the next $MPO $RBCN OVERSOLD TRADING AT CASH!
axtiaxti
28 Aug 15 10:32:00
$RBCN First Target $2 OVERSOLD TRADING AT CASH!
axtiaxti
28 Aug 15 06:51:59
$RBCN OVERSOLD TRADING AT CASH!!!!
Stocksguru99
25 Aug 15 01:26:27
This Service Made 20,000% Gains In the Last Month! Subscribe Here http://t.co/n4FmW1UTLN .. $GTLS $RBCN $ANDE
				
				
  +Follow April 1, 2014 10:55AM
Share:

Comments

 

blog comments powered by Disqus

 Today's Must Reads

Welcome to Equities.com's Small-Cap Throwdown


These Analysts Called Apple's (AAPL) Collapse, Here's What They're Saying Now

7 Dow Stocks Worth Owning and a Lot that Aren't

Sprint Turnaround Has Begun


Saving the

Small-Cap Market

 

Small-cap stocks offer investors many benefits, ranging from higher growth potential to overlooked value opportuni... in Equities.com's Hangs on LockerDome

About us

Equities.com is an advanced financial data portal and social network designed to connect self-directed investors with the world’s most innovative startup and small cap companies. Through our in-depth coverage of small cap markets, comprehensive research and stock valuation reports, state of the art issuer products, and world class events, Equities.com provides the social tools and insight that drive tomorrow’s investment relationships and opportunities.

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

Login or Register

LOG IN