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

3 Russell 2000 Stocks We Steer Clear Of

ATUS Cover Image

The Russell 2000 (^RUT) is home to many small-cap stocks, offering investors the chance to uncover hidden gems before the broader market catches on. However, these companies often come with higher volatility and risk, as their smaller size makes them more vulnerable to economic downturns.

The high-risk, high-reward nature of the Russell 2000 makes stock selection critical, and we’re here to guide you toward the right ones. Keeping that in mind, here are three Russell 2000 stocks that don’t make the cut and some better choices instead.

Altice (ATUS)

Market Cap: $1.10 billion

Based in Long Island City, Altice USA (NYSE: ATUS) is a telecommunications company offering cable, internet, telephone, and television services across the United States.

Why Do We Steer Clear of ATUS?

  1. Performance surrounding its broadband subscribers has lagged its peers
  2. Earnings per share decreased by more than its revenue over the last five years, showing each sale was less profitable
  3. Short cash runway increases the probability of a capital raise that dilutes existing shareholders

Altice’s stock price of $2.38 implies a valuation ratio of 0.3x forward EV-to-EBITDA. If you’re considering ATUS for your portfolio, see our FREE research report to learn more.

Northwest Pipe (NWPX)

Market Cap: $521 million

Playing a large role in the Integrated Pipeline (IPL) project in Texas to deliver ~350 million gallons of water per day, Northwest Pipe (NASDAQ: NWPX) is a manufacturer of pipeline systems for water infrastructure.

Why Is NWPX Not Exciting?

  1. Annual revenue growth of 5.9% over the last two years was below our standards for the industrials sector
  2. Gross margin of 17.6% is below its competitors, leaving less money to invest in areas like marketing and R&D
  3. Issuance of new shares over the last five years caused its earnings per share growth of 1% to lag its revenue gains

At $53.97 per share, Northwest Pipe trades at 16.4x forward P/E. To fully understand why you should be careful with NWPX, check out our full research report (it’s free).

LeMaitre (LMAT)

Market Cap: $2.16 billion

Founded in 1983 and named after a pioneering vascular surgeon, LeMaitre Vascular (NASDAQGM:LMAT) develops and manufactures specialized medical devices used by vascular surgeons to treat peripheral vascular disease and other circulatory conditions.

Why Do We Think Twice About LMAT?

  1. Modest revenue base of $234.6 million gives it less fixed cost leverage and fewer distribution channels than larger companies
  2. Efficiency has decreased over the last five years as its operating margin fell by 2.3 percentage points
  3. Free cash flow margin dropped by 4.3 percentage points over the last five years, implying the company became more capital intensive as competition picked up

LeMaitre is trading at $95.75 per share, or 41.2x forward P/E. Read our free research report to see why you should think twice about including LMAT in your portfolio.

High-Quality Stocks for All Market Conditions

Trump’s April 2025 tariff bombshell triggered a massive market selloff, but stocks have since staged an impressive recovery, leaving those who panic sold on the sidelines.

Take advantage of the rebound by checking out our Top 5 Growth Stocks for this month. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025).

Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Comfort Systems (+782% five-year return). Find your next big winner with StockStory today for free. Find your next big winner with StockStory today. Find your next big winner with StockStory today

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