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NASDAQ:EMKREMCORE Stock Price, Forecast & News

$3.05
-0.02 (-0.65 %)
(As of 06/4/2020 04:00 PM ET)
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Today's Range
$3.04
Now: $3.05
$3.26
50-Day Range
$2.44
MA: $2.81
$3.35
52-Week Range
$1.46
Now: $3.05
$3.82
Volume137,900 shs
Average Volume167,851 shs
Market Capitalization$89.58 million
P/E RatioN/A
Dividend YieldN/A
Beta0.85
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. The company also provides chip devices products, including high-power gain chips, GPON fiber-to-the-premises, and data center chip products; and navigation systems products, such as fiber optic gyroscope products and inertial measurement units and navigation systems products. It sells its products through direct sales force, application engineers, third party sales representatives, and distributors. EMCORE Corporation was founded in 1984 and is headquartered in Alhambra, California.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.5Community Rank: 2.5Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.53 out of 5 stars


Industry, Sector and Symbol

Industry Semiconductors & related devices
Sub-IndustryN/A
Current SymbolNASDAQ:EMKR
CUSIPN/A
Phone626-293-3400

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$87.26 million
Book Value$2.67 per share

Profitability

Net Income$-35,980,000.00

Miscellaneous

EmployeesN/A
Market Cap$89.58 million
Next Earnings Date8/13/2020 (Estimated)
OptionableOptionable

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EMCORE (NASDAQ:EMKR) Frequently Asked Questions

How has EMCORE's stock been impacted by COVID-19 (Coronavirus)?

EMCORE's stock was trading at $2.35 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, EMKR stock has increased by 29.8% and is now trading at $3.05. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of EMCORE?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for EMCORE in the last year. There are currently 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for EMCORE.

When is EMCORE's next earnings date?

EMCORE is scheduled to release its next quarterly earnings announcement on Thursday, August 13th 2020. View our earnings forecast for EMCORE.

How were EMCORE's earnings last quarter?

EMCORE Co. (NASDAQ:EMKR) announced its quarterly earnings data on Wednesday, May, 6th. The semiconductor company reported ($0.13) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of ($0.10) by $0.03. The semiconductor company had revenue of $23.85 million for the quarter, compared to analysts' expectations of $23.37 million. EMCORE had a negative net margin of 35.04% and a negative return on equity of 26.92%. View EMCORE's earnings history.

What guidance has EMCORE issued on next quarter's earnings?

EMCORE updated its third quarter 2020 After-Hours earnings guidance on Wednesday, May, 6th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $25-27 million, compared to the consensus revenue estimate of $25.35 million.

What price target have analysts set for EMKR?

3 analysts have issued 12 month target prices for EMCORE's stock. Their forecasts range from $4.70 to $5.00. On average, they anticipate EMCORE's share price to reach $4.90 in the next twelve months. This suggests a possible upside of 60.7% from the stock's current price. View analysts' price targets for EMCORE.

What are Wall Street analysts saying about EMCORE stock?

Here are some recent quotes from research analysts about EMCORE stock:
  • 1. According to Zacks Investment Research, "EMCORE Corporation offers a broad portfolio of compound semiconductor- based products for the broadband, fiber optic, satellite and terrestrial solar power markets. EMCORE's Fiber Optic segment offers optical components, subsystems and systems for high-speed data and telecommunications networks, cable television and fiber-to-the-premises. EMCORE's Photovoltaic segment provides products for both satellite and terrestrial applications. For satellite applications, EMCORE offers high efficiency Gallium Arsenide solar cells, Covered Interconnect Cells and panels. For terrestrial applications, EMCORE is adapting its high-efficiency GaAs solar cells for use in solar power concentrator systems. " (4/10/2020)
  • 2. Northland Securities analysts commented, "We reiterate our OP rating and $6 PT. Key Points EMKR guided the acquisition to be accretive by the end of the corporate average and an end market focus on tactical defense navigation with a similar base of customers (Raytheon, Lockheed) as well as emerging commercial aviation exposure (Boeing 777X). SDI is based in Concord, CA with 140 employees half of whom are engaged in manufacturing in the company’s owned 100,000 sq foot facility valued at an estimated $13.5M by EMKR." (6/10/2019)

Has EMCORE been receiving favorable news coverage?

Headlines about EMKR stock have been trending negative this week, according to InfoTrie Sentiment Analysis. InfoTrie ranks the sentiment of news coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. EMCORE earned a media sentiment score of -2.7 on InfoTrie's scale. They also assigned media stories about the semiconductor company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the near future. View the latest news aboutEMCORE.

Are investors shorting EMCORE?

EMCORE saw a decline in short interest in the month of April. As of April 30th, there was short interest totaling 94,800 shares, a decline of 14.2% from the April 15th total of 110,500 shares. Based on an average daily volume of 107,000 shares, the short-interest ratio is currently 0.9 days. Approximately 0.4% of the company's shares are short sold. View EMCORE's Current Options Chain.

Who are some of EMCORE's key competitors?

What other stocks do shareholders of EMCORE own?

Based on aggregate information from My MarketBeat watchlists, some companies that other EMCORE investors own include Advanced Micro Devices (AMD), AT&T (T), NovaBay Pharmaceuticals (NBY), NovaBay Pharmaceuticals (NBY), Nokia Oyj (NOK), NVIDIA (NVDA), QUALCOMM (QCOM), AbbVie (ABBV), Corbus Pharmaceuticals (CRBP) and Inovio Pharmaceuticals (INO).

Who are EMCORE's key executives?

EMCORE's management team includes the following people:
  • Mr. Jeffrey S. Rittichier, CEO, Pres & Director (Age 59)
  • Mr. Albert Lu, Sr. VP of Engineering (Age 42)
  • Mr. Mark A. Gordon, Interim Principal Financial & Accounting Officer (Age 56)
  • Mr. Iain Black, Sr. VP of Operations (Age 54)
  • Mr. Hank Blauvelt, Chief Technology Officer

What is EMCORE's stock symbol?

EMCORE trades on the NASDAQ under the ticker symbol "EMKR."

Who are EMCORE's major shareholders?

EMCORE's stock is owned by many different institutional and retail investors. Top institutional investors include Needham Investment Management LLC (2.55%), Geode Capital Management LLC (0.66%), Adirondack Research & Management Inc. (0.39%), Argent Wealth Management LLC (0.31%), Wells Fargo & Company MN (0.14%) and Russell Investments Group Ltd. (0.13%). View institutional ownership trends for EMCORE.

Which institutional investors are selling EMCORE stock?

EMKR stock was sold by a variety of institutional investors in the last quarter, including Alambic Investment Management L.P.. View insider buying and selling activity for EMCORE.

Which institutional investors are buying EMCORE stock?

EMKR stock was purchased by a variety of institutional investors in the last quarter, including Needham Investment Management LLC, Adirondack Research & Management Inc., Argent Wealth Management LLC, Altium Wealth Management LLC, Wells Fargo & Company MN, Geode Capital Management LLC, Spark Investment Management LLC, and Russell Investments Group Ltd.. View insider buying and selling activity for EMCORE.

How do I buy shares of EMCORE?

Shares of EMKR can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is EMCORE's stock price today?

One share of EMKR stock can currently be purchased for approximately $3.05.

How big of a company is EMCORE?

EMCORE has a market capitalization of $89.58 million and generates $87.26 million in revenue each year. The semiconductor company earns $-35,980,000.00 in net income (profit) each year or ($0.71) on an earnings per share basis.

What is EMCORE's official website?

The official website for EMCORE is www.emcore.com.

How can I contact EMCORE?

EMCORE's mailing address is 2015 W. Chestnut Street, Alhambra CA, 91803. The semiconductor company can be reached via phone at 626-293-3400 or via email at [email protected]

This page was last updated on 6/5/2020 by MarketBeat.com Staff

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