POET Technologies (NASDAQ:POET - Get Free Report) will likely be releasing its earnings data before the market opens on Friday, March 21st. Analysts expect POET Technologies to post earnings of ($0.09) per share and revenue of $0.05 million for the quarter.
POET Technologies Stock Down 4.7 %
Shares of NASDAQ:POET traded down $0.20 during midday trading on Friday, reaching $4.07. 1,566,836 shares of the company traded hands, compared to its average volume of 1,574,641. The firm's fifty day moving average price is $4.46 and its two-hundred day moving average price is $4.40. The firm has a market capitalization of $317.74 million, a price-to-earnings ratio of -6.90 and a beta of 0.60. POET Technologies has a 12 month low of $1.00 and a 12 month high of $7.79.
Analysts Set New Price Targets
Several research firms recently commented on POET. Northland Securities restated an "outperform" rating and set a $7.00 target price (up from $6.00) on shares of POET Technologies in a research report on Monday, December 2nd. Craig Hallum boosted their price objective on POET Technologies from $3.50 to $5.50 and gave the stock a "buy" rating in a report on Friday, November 22nd.
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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.
Further Reading
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