POET Technologies (NASDAQ:POET) Announces Quarterly Earnings Results

POET Technologies (NASDAQ:POET - Get Free Report) issued its earnings results on Wednesday. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.17, Zacks reports. The company had revenue of $0.17 million for the quarter, compared to analysts' expectations of $0.56 million.

POET Technologies Trading Down 1.4%

Shares of POET stock traded down $0.06 during mid-day trading on Monday, reaching $4.38. The stock had a trading volume of 502,936 shares, compared to its average volume of 1,537,604. The firm has a market capitalization of $343.65 million, a PE ratio of -7.42 and a beta of 0.19. The stock's 50-day moving average price is $4.06 and its two-hundred day moving average price is $4.50. POET Technologies has a 52-week low of $1.60 and a 52-week high of $7.79.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded POET Technologies from a "strong sell" rating to a "hold" rating in a research report on Thursday.

POET Technologies Company Profile

POET Technologies Inc designs, develops, manufactures, and sells discrete and integrated opto-electronic solutions in Canada, the United States, Singapore, and China. It offers integration solutions based on the POET Optical Interposer, a novel platform that allows the seamless integration of electronic and photonic devices into a single multi-chip module using advanced wafer-level semiconductor manufacturing techniques.