Axcelis Technologies (ACLS) Sees a More Significant Dip Than Broader Market: Some Facts to Know

Axcelis Technologies stock declined 1.23% to close at $103.75, underperforming the S&P 500's 0.45% loss. The semiconductor services company has dropped 22.42% over the past month, significantly worse than the broader market. While revenue is projected to grow 7.7% year-over-year, EPS is expected to decline 8.26% for the upcoming quarter and 15.57% for the full year. The stock currently holds a Zacks Rank #3 (Hold) rating with a Forward P/E of 25.5.