nLIGHT rises after higher-than-expected preliminary Q4 revenue, Needham PT hike

Shares of high-power fiber laser provider nLIGHT LASR.O rise 6.18% to $44.14

LASR expects preliminary Q4 revenue of $78 million to $80 million, above previously announced guidance of $72 million to $78 million

Cites continued strength in aerospace and defense market for anticipated upside in revenue

Needham raises PT to $48 from $39, reiterates "buy" rating

LASR's preliminary Q4 laser product revenue of $54 million to $55 million, advanced development revenue of $24 million to $25 million "was well above our $19.5 million estimate" - Brokerage

Including session moves, stock up 18.48% YTD