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Axcelis Technologies Inc. (NASDAQ:ACLS) issued an update on its second quarter earnings guidance on Monday morning. The company provided EPS guidance of ($0.07)-(0.05) for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.01), Analyst RN reports. The company issued revenue guidance of $40-42 million, compared to the consensus revenue estimate of $56.28 million.

On a related note, analysts at Zacks upgraded shares of Axcelis Technologies from an underperform rating to a neutral rating in a research note on Tuesday, April 8th. They now have a $2.10 price target on the stock.

Shares of Axcelis Technologies Inc. (NASDAQ:ACLS) traded down 4.85% during mid-day trading on Monday, hitting $1.96. 321,007 shares of the company’s stock traded hands. Axcelis Technologies Inc. has a 1-year low of $1.50 and a 1-year high of $2.58. The stock’s 50-day moving average is $1.8 and its 200-day moving average is $2.09. The company’s market cap is $218.0 million.

Axcelis Technologies, Inc (NASDAQ:ACLS) designs, manufactures and services ion implantation, dry strip and other processing equipment used in the fabrication of semiconductor chips.

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