News articles about EMCORE Corporation (NASDAQ:EMKR) have trended somewhat positive on Friday, Accern Sentiment Analysis reports. The research group ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. EMCORE Corporation earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned news articles about the semiconductor company an impact score of 45.9284471966926 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Shares of EMCORE Corporation (EMKR) opened at 8.60 on Friday. The company has a 50-day moving average of $8.72 and a 200 day moving average of $9.71. EMCORE Corporation has a 52-week low of $5.15 and a 52-week high of $12.20. The company has a market capitalization of $231.16 million, a PE ratio of 29.97 and a beta of 0.61.
EMCORE Corporation (NASDAQ:EMKR) last posted its quarterly earnings results on Thursday, August 3rd. The semiconductor company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.02. The business had revenue of $30.95 million during the quarter, compared to analysts’ expectations of $30.04 million. EMCORE Corporation had a net margin of 6.73% and a return on equity of 9.25%. The firm’s revenue was up 38.2% compared to the same quarter last year. Analysts predict that EMCORE Corporation will post $0.53 earnings per share for the current year.
EMKR has been the topic of a number of recent analyst reports. B. Riley reissued a “neutral” rating and set a $10.50 price target on shares of EMCORE Corporation in a research report on Friday, August 4th. Northland Securities reissued a “buy” rating and set a $13.00 price target on shares of EMCORE Corporation in a research report on Tuesday, September 12th. Zacks Investment Research cut shares of EMCORE Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 5th. Finally, BidaskClub cut shares of EMCORE Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $11.88.
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About EMCORE Corporation
EMCORE Corporation is engaged in designing and manufacturing indium phosphide (InP) optical chips, components, subsystems and systems for the broadband and specialty fiber optics market. The Company focuses on linear fiber optic transmission technology. The Company operates through Fiber Optics segment.
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