II-VI Inc (NASDAQ:IIVI), founded in 1971, develops, manufactures, and markets engineered materials, and optoelectronic components, such as semiconductors and industrial lasers used by telecommunications industry to defense contractors, and devices worldwide.
The rollout of 5G wireless networks and growth of data centers to support cloud computing will boost this company’s results. Analysts expect the trends to extend through 2021.
Analysts stated that II-VI is uniquely exposed to growth in communications, 5G, electric vehicles, mobile 3D sensors for iPhone, aerospace and defense markets.
Of the 20 analysts covering this stock, 11 analysts rate it as Strong Buy and 4 analysts rate it as Buy. The remaining 5 analysts rate it as Hold.
In conclusion, II-VI’s profit growth, average estimate annual earnings growth sit at 17% over the next 3 to 5 years, should make it one of the best small cap stock for 2021.