Laser Focus World is an industry bedrock—first published in 1965 and still going strong. We publish original articles about cutting-edge advances in lasers, optics, photonics, sensors, and quantum technologies, as well as test and measurement, and the shift currently underway to usher in the photonic integrated circuits, optical interconnects, and copackaged electronics and photonics to deliver the speed and efficiency essential for data centers of the future.

Our 80,000 qualified print subscribers—and 130,000 12-month engaged online audience—trust us to dive in and provide original journalism you won’t find elsewhere covering key emerging areas such as laser-driven inertial confinement fusion, lasers in space, integrated photonics, chipscale lasers, LiDAR, metasurfaces, high-energy laser weaponry, photonic crystals, and quantum computing/sensors/communications. We cover the innovations driving these markets.

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Editorial Advisory Board

  • Professor Andrea M. Armani, University of Southern California
  • Ruti Ben-Shlomi, Ph.D., LightSolver
  • James Butler, Ph.D., Hamamatsu
  • Natalie Fardian-Melamed, Ph.D., Columbia University
  • Justin Sigley, Ph.D., AmeriCOM
  • Professor Birgit Stiller, Max Planck Institute for the Science of Light, and Leibniz University of Hannover
  • Professor Stephen Sweeney, University of Glasgow
  • Mohan Wang, Ph.D., University of Oxford
  • Professor Xuchen Wang, Harbin Engineering University
  • Professor Stefan Witte, Delft University of Technology

1 Cash-Producing Stock for Long-Term Investors and 2 to Turn Down

RAMP Cover Image

While strong cash flow is a key indicator of stability, it doesn’t always translate to superior returns. Some cash-heavy businesses struggle with inefficient spending, slowing demand, or weak competitive positioning.

Not all companies are created equal, and StockStory is here to surface the ones with real upside. Keeping that in mind, here is one cash-producing company that leverages its financial strength to beat its competitors and two that may face some trouble.

Two Stocks to Sell:

LiveRamp (RAMP)

Trailing 12-Month Free Cash Flow Margin: 15.9%

Started in 2011 as a spin-out of RapLeaf, LiveRamp (NYSE: RAMP) is a software-as-a-service provider that helps companies better target their marketing by merging offline and online data about their customers.

Why Are We Hesitant About RAMP?

  1. 12.9% annual revenue growth over the last three years was slower than its software peers
  2. Estimated sales growth of 7.1% for the next 12 months implies demand will slow from its three-year trend

LiveRamp is trading at $26.86 per share, or 2.3x forward price-to-sales. If you’re considering RAMP for your portfolio, see our FREE research report to learn more.

Mondelez (MDLZ)

Trailing 12-Month Free Cash Flow Margin: 9.1%

Founded as Nabisco in 1903, Mondelez (NASDAQ: MDLZ) is a packaged snacks powerhouse best known for its Oreo, Cadbury, Toblerone, Ritz, and Trident brands.

Why Are We Cautious About MDLZ?

  1. Costs have risen faster than its revenue over the last year, causing its operating margin to decline by 7 percentage points
  2. Capital intensity has ramped up over the last year as its free cash flow margin decreased by 1.3 percentage points
  3. Below-average returns on capital indicate management struggled to find compelling investment opportunities

Mondelez’s stock price of $67.80 implies a valuation ratio of 22.5x forward P/E. Check out our free in-depth research report to learn more about why MDLZ doesn’t pass our bar.

One Stock to Watch:

Transcat (TRNS)

Trailing 12-Month Free Cash Flow Margin: 7.1%

Serving the pharmaceutical, industrial manufacturing, energy, and chemical process industries, Transcat (NASDAQ: TRNS) provides measurement instruments and supplies.

Why Do We Watch TRNS?

  1. 10.1% annual revenue growth over the last two years surpassed the sector average as its offerings resonated with customers
  2. Forecasted revenue growth of 10.6% for the next 12 months indicates its momentum over the last two years is sustainable
  3. Earnings per share have massively outperformed its peers over the last five years, increasing by 17.1% annually

At $79.64 per share, Transcat trades at 31.2x forward P/E. Is now a good time to buy? Find out in our full research report, it’s free.

Stocks We Like Even More

Donald Trump’s victory in the 2024 U.S. Presidential Election sent major indices to all-time highs, but stocks have retraced as investors debate the health of the economy and the potential impact of tariffs.

While this leaves much uncertainty around 2025, a few companies are poised for long-term gains regardless of the political or macroeconomic climate, like our Top 6 Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 175% over the last five years.

Stocks that made our list in 2019 include now familiar names such as Nvidia (+2,183% between December 2019 and December 2024) as well as under-the-radar businesses like Comfort Systems (+751% five-year return). Find your next big winner with StockStory today for free.

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