Somewhat Favorable Press Coverage Somewhat Unlikely to Impact EMCORE Corporation (EMKR) Share Price
Media headlines about EMCORE Corporation (NASDAQ:EMKR) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by monitoring more than twenty 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 Corporation earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave news articles about the semiconductor company an impact score of 47.0521418877319 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:
- EMCORE Corporation (EMKR) Stock Rating Reaffirmed by Northland Securities (americanbankingnews.com)
- EMCORE Announces New Precision Fiber Optic Gyro-Based Inertial Measurement/Navigation Unit for Replacement of Legacy Systems (finance.yahoo.com)
- EMCORE Is Now Oversold (EMKR) (thestreet.com)
- ETFs with exposure to EMCORE Corp. : September 7, 2017 (finance.yahoo.com)
Several analysts have recently weighed in on the stock. B. Riley cut shares of EMCORE Corporation from a “buy” rating to a “neutral” rating and set a $12.00 price objective on the stock. in a research report on Thursday, June 29th. BidaskClub upgraded shares of EMCORE Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, July 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, Northland Securities restated a “buy” rating and set a $13.00 price objective on shares of EMCORE Corporation in a research report on Tuesday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. EMCORE Corporation has an average rating of “Hold” and an average target price of $11.40.
Shares of EMCORE Corporation (NASDAQ EMKR) opened at 8.95 on Wednesday. EMCORE Corporation has a 52-week low of $5.01 and a 52-week high of $12.20. The stock has a market cap of $240.57 million, a PE ratio of 31.18 and a beta of 0.69. The stock’s 50 day moving average is $9.58 and its 200 day moving average is $9.79.
EMCORE Corporation (NASDAQ:EMKR) last issued its earnings results on Thursday, August 3rd. The semiconductor company reported $0.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.02. EMCORE Corporation had a net margin of 6.73% and a return on equity of 9.25%. The firm had revenue of $30.95 million during the quarter, compared to analyst estimates of $30.04 million. The company’s quarterly revenue was up 38.2% on a year-over-year basis. Equities research analysts forecast that EMCORE Corporation will post $0.53 earnings per share for the current year.
In related news, CFO Jikun Kim sold 20,504 shares of the company’s stock in a transaction on Wednesday, June 21st. The shares were sold at an average price of $11.25, for a total transaction of $230,670.00. Following the completion of the transaction, the chief financial officer now owns 39,036 shares in the company, valued at $439,155. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.77% of the stock is currently owned by corporate insiders.
EMCORE Corporation Company Profile
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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