Impact of Brokerage Rating on EMCORE Corporation(EMKR)

Many EMCORE Corporation(EMKR) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Company shares were Reiterated by Lake Street on Feb 8, 2017 to Buy, Raises Price Target to $ 12 from a previous price target of $9 .Company shares were Reiterated by Dougherty & Company on Feb 8, 2017 to Buy, Raises Price Target to $ 12 from a previous price target of $10.50 .Company shares were Reiterated by Dougherty & Company on Dec 8, 2016 to Buy, Raises Price Target to $ 10.50 from a previous price target of $7.50 .

Company has reported several Insider transactions to the SEC, on Jan 9, 2017, Jeffrey Rittichier (Chief Executive Officer) sold 38,220 shares at 8.15 per share price.On Feb 18, 2016, Mark Weinswig (Chief Financial Officer) sold 4,800 shares at 5.08 per share price.On Dec 9, 2015, Steven R Becker (director) sold 78,894 shares at 8.07 per share price.

EMCORE Corporation Last issued its quarterly earnings results on Feb 7, 2017. The company reported $0.13 EPS for the quarter, beating the analyst consensus estimate by $ 0.01. Analyst had a consensus of $0.12. The company had revenue of $30.20 million for the quarter, compared to analysts expectations of $29.03 million. The companys revenue was up 34.2% compared to the same quarter last year.

EMCORE Corporation (NASDAQ:EMKR) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 1.25 by 4 Brokerage Firm. 3 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating.

EMCORE Corporation (NASDAQ:EMKR): The stock price is expected to reach $ 11.75 in the short term. The number of analysts agreeing with this consensus is 4. The higher estimate for the short term price target is at $12 while the lower estimate is at $12. The standard deviation of the price stands at $0.29.

EMCORE Corporation (NASDAQ:EMKR) rose 5.13% or 0.5 points on Tuesday and made its way into the gainers of the day. After trading began at $9.75 the stock was seen hitting $10.4 as a peak level and $9.6 as the lowest level. The stock ended up at $10.25. The daily volume was measured at 1,001,342 shares. The 52-week high of the share price is $10.4 and the 52-week low is $4.9. The company has a market cap of $272 million.

EMCORE Corporation offers a broad portfolio of compound semiconductor- based products for the broadband, fiber optic, satellite and terrestrial solar power markets. EMCOREs Fiber Optic segment offers optical components, subsystems and systems for high-speed data and telecommunications networks, cable television and fiber-to-the-premises. EMCOREs Photovoltaic segment provides products for both satellite and terrestrial applications. For satellite applications, EMCORE offers high efficiency Gallium Arsenide solar cells, Covered Interconnect Cells and panels. For terrestrial applications, EMCORE is adapting its high-efficiency GaAs solar cells for use in solar power concentrator systems.


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