EMCORE Corporation (EMKR) Receives Analyst Rating

EMCORE Corporation (EMKR) : 3 analysts are covering EMCORE Corporation (EMKR) and their average rating on the stock is 1, which is read as a Strong Buy. 3 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels.

EMCORE Corporation (EMKR) : The highest short term price target forecast on EMCORE Corporation (EMKR) is $10 and the lowest target price is $7. A total of 3 equity analysts are currently covering the company. The average price of all the analysts is $7.83 with a standard deviation of $1.44.


EMCORE Corporation (NASDAQ:EMKR): After opening at $5.05, the stock dipped to an intraday low of $5.04 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $5.19 and the buying power remained strong till the end. The stock closed at $5.17 for the day, a gain of 2.17% for the day session. The total traded volume was 549,756. The stocks close on the previous trading day was $5.06.

EMCORE Corporation (EMCORE) offers a portfolio of compound semiconductor-based products for the broadband, fiber optics, space and solar power markets. The Company operates in two segments: Fiber Optics and Photovoltaics. EMCOREs Fiber Optics segment offers optical components, subsystems and systems for high-speed data and telecommunications, cable television (CATV) and fiber-to-the-premises (FTTP) networks as well as products for satellite communications, video transport and specialty photonics technologies for defense and homeland security applications. The Companys Photovoltaics segment provides products for space power applications, including multi-junction solar cells, coverglass interconnected cells, and complete satellite solar panels; and terrestrial applications, such as GaAs solar cells for concentration photovoltaic power systems.

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