EMCORE (EMKR) Earning Somewhat Positive Media Coverage, Study Shows

Press coverage about EMCORE (NASDAQ:EMKR) has been trending somewhat positive on Friday, according to Accern Sentiment Analysis. The research group scores the sentiment of press 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 impact score of 0.19 on Accern’s scale. Accern also assigned news coverage about the semiconductor company an impact score of 45.9612487123889 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

Shares of NASDAQ:EMKR opened at $5.80 on Friday. EMCORE has a 1 year low of $4.90 and a 1 year high of $12.20. The stock has a market cap of $150.96, a PE ratio of 14.87, a PEG ratio of 4.63 and a beta of 0.32.

EMCORE (NASDAQ:EMKR) last released its quarterly earnings results on Tuesday, February 6th. The semiconductor company reported $0.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.03). The company had revenue of $24.04 million during the quarter, compared to analysts’ expectations of $24.75 million. EMCORE had a return on equity of 6.59% and a net margin of 5.48%. The firm’s revenue was down 20.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.13 EPS. research analysts expect that EMCORE will post 0.1 earnings per share for the current fiscal year.

Several research analysts have recently issued reports on the company. TheStreet downgraded shares of EMCORE from a “b-” rating to a “c+” rating in a research note on Wednesday, February 28th. Northland Securities reissued a “hold” rating and issued a $6.00 target price on shares of EMCORE in a research note on Wednesday, February 7th. B. Riley cut their target price on shares of EMCORE from $8.50 to $7.00 and set a “neutral” rating for the company in a research note on Thursday, December 7th. Lake Street Capital dropped their price objective on shares of EMCORE from $10.00 to $7.00 and set a “buy” rating for the company in a research note on Wednesday, February 7th. Finally, Zacks Investment Research downgraded shares of EMCORE from a “hold” rating to a “sell” rating in a research note on Monday, February 12th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $6.67.

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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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