News stories about EMCORE (NASDAQ:EMKR) have trended somewhat positive recently, according to Accern Sentiment. The research firm scores the sentiment of media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. EMCORE earned a news sentiment score of 0.17 on Accern’s scale. Accern also assigned media stories about the semiconductor company an impact score of 46.5337169452056 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
EMKR has been the topic of a number of analyst reports. Lake Street Capital lowered their price objective on EMCORE from $10.00 to $7.00 and set a “buy” rating on the stock in a research report on Wednesday, February 7th. Northland Securities reaffirmed a “hold” rating and set a $6.00 price objective on shares of EMCORE in a research report on Wednesday, February 7th. Zacks Investment Research cut EMCORE from a “hold” rating to a “sell” rating in a research report on Monday, February 12th. TheStreet cut EMCORE from a “b-” rating to a “c+” rating in a report on Wednesday, February 28th. Finally, ValuEngine cut EMCORE from a “hold” rating to a “sell” rating in a report on Saturday, April 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. EMCORE has a consensus rating of “Hold” and a consensus price target of $6.25.
NASDAQ EMKR traded down $0.05 during trading hours on Wednesday, reaching $4.70. The company’s stock had a trading volume of 116,444 shares, compared to its average volume of 259,241. EMCORE has a 1 year low of $4.70 and a 1 year high of $12.20. The stock has a market cap of $129.20, a PE ratio of 12.05 and a beta of 0.32.
EMCORE (NASDAQ:EMKR) last posted its quarterly earnings results on Tuesday, February 6th. The semiconductor company reported $0.03 EPS for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.03). EMCORE had a return on equity of 6.59% and a net margin of 5.48%. The business had revenue of $24.04 million during the quarter, compared to analysts’ expectations of $24.75 million. During the same period in the prior year, the firm posted $0.13 earnings per share. The firm’s revenue for the quarter was down 20.3% on a year-over-year basis. sell-side analysts predict that EMCORE will post -0.1 earnings per share for the current fiscal year.
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EMCORE Company Profile
EMCORE Corporation, together with its subsidiaries, provides advanced mixed-signal optics products in California. It offers broadband products comprising cable television; laser, receiver, and photodetector component products; radio frequency over glass FTTP products; satellite/microwave communications products; and wireless communications products.
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