POET Technologies (NASDAQ:POET - Get Free Report) is expected to announce its earnings results before the market opens on Friday, March 21st. Analysts expect the company to announce earnings of ($0.09) per share and revenue of $0.05 million for the quarter.
POET Technologies Stock Down 4.1 %
POET opened at $3.54 on Friday. POET Technologies has a 12-month low of $1.00 and a 12-month high of $7.79. The firm has a market capitalization of $276.24 million, a P/E ratio of -6.00 and a beta of 0.60. The stock has a fifty day moving average of $4.67 and a 200-day moving average of $4.36.
Wall Street Analyst Weigh In
Several research firms have weighed in on POET. Craig Hallum lifted their target price on POET Technologies from $3.50 to $5.50 and gave the company a "buy" rating in a research note on Friday, November 22nd. Northland Securities reaffirmed an "outperform" rating and set a $7.00 price objective (up from $6.00) on shares of POET Technologies in a research report on Monday, December 2nd. Finally, Northland Capmk raised POET Technologies to a "strong-buy" rating in a research note on Monday, November 18th.
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About POET Technologies
(
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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.
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