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.

Laser Focus World is part of Endeavor Business Media, a division of EndeavorB2B.

Laser Focus World Membership

Never miss any articles, videos, podcasts, or webinars by signing up for membership access to Laser Focus World online. You can manage your preferences all in one place—and provide our editorial team with your valued feedback.

Magazine Subscription

Can you subscribe to receive our print issue for free? Yes, you sure can!

Newsletter Subscription

Laser Focus World newsletter subscription is free to qualified professionals:

The Daily Beam

Showcases the newest content from Laser Focus World, including photonics- and optics-based applications, components, research, and trends. (Daily)

Product Watch

The latest in products within the photonics industry. (9x per year)

Bio & Life Sciences Product Watch

The latest in products within the biophotonics industry. (4x per year)

Laser Processing Product Watch

The latest in products within the laser processing industry. (3x per year)

Get Published!

If you’d like to write an article for us, reach out with a short pitch to Sally Cole Johnson: [email protected]. We love to hear from you.

Photonics Hot List

Laser Focus World produces a video newscast that gives a peek into what’s happening in the world of photonics.

Following the Photons: A Photonics Podcast

Following the Photons: A Photonics Podcast dives deep into the fascinating world of photonics. Our weekly episodes feature interviews and discussions with industry and research experts, providing valuable perspectives on the issues, technologies, and trends shaping the photonics community.

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

Sphere Entertainment (SPHR) Shares Skyrocket, What You Need To Know

SPHR Cover Image

What Happened?

Shares of content production and distribution company Sphere Entertainment (NYSE: SPHR) jumped 5% in the morning session after Guggenheim raised its price target and maintained a Buy rating on the stock, citing the stronger-than-expected performance of the company's "The Wizard of Oz" experience. 

The new price target was lifted to $76 from $75. The revision follows numerous sold-out shows and strong ticket sales since the attraction's opening. The investment firm noted that the show is averaging over $600,000 in revenue per performance, significantly outperforming the launch of its previous "Postcard" show. Based on this success, Guggenheim increased its revenue and adjusted operating income forecasts for Sphere's third quarter to $179 million and $20 million, respectively. The firm also boosted its full-year adjusted operating income forecast, signaling confidence in the entertainment company's near-term financial performance.

Is now the time to buy Sphere Entertainment? Access our full analysis report here, it’s free.

What Is The Market Telling Us

Sphere Entertainment’s shares are extremely volatile and have had 30 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.

The previous big move we wrote about was about 23 hours ago when the stock gained 4.3% as a confluence of positive economic data suggested a healthy outlook for consumer spending. 

Key indicators are boosting investor optimism. Financial markets are anticipating a September interest rate cut from the Federal Reserve following a cooling job market report. A rate cut typically lowers borrowing costs for consumers, potentially increasing disposable income for spending on non-essential goods. Further bolstering this outlook, the latest Producer Price Index (PPI), a measure of inflation, edged down 0.1% in August. This suggests inflation is moderating, which helps preserve consumer purchasing power. 

Additionally, major U.S. banks have reported that consumers remain financially healthy, with spending holding steady and credit quality remaining solid, creating a supportive backdrop for consumer-focused companies.

Sphere Entertainment is up 38.8% since the beginning of the year, and at $57.62 per share, has set a new 52-week high. Investors who bought $1,000 worth of Sphere Entertainment’s shares 5 years ago would now be looking at an investment worth $761.12.

Do you want to know what moves the business you care about? Add them to your StockStory watchlist and every time a stock significantly moves, we provide you with a timely explanation straight to your inbox. It’s free and will only take you a second.

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.