Rubicon to benefit from a strong sapphire upcycle, says Canaccord Canaccord said sapphire pricing continues to rise based on increased LED adoption and full utilization of tier-1 capacity. The firm believes Rubicon will benefit from strong leverage resulting in above-consensus revenue and earnings growth. Shares are Buy rated with a $15 price target.
Rubicon shares undervalued, says Dougherty Dougherty said Rubicon continues to sampling its rectangular shaped sapphire blocks with several smartphone OEM manufacturers and is well positioned if this market segment takes off. The firm views shares as undervalued and reiterates its Buy rating and $11 price target.
Rubicon Technology volatility increases on sharp rally Rubicon Technology October call option implied volatility is at 148, November is at 181, December is at 206; compared to its 26-week average of 60 according to Track Data, suggesting large near term price movement.