EMCORE Corporation (EMKR) Receives Price Target

EMCORE Corporation (EMKR) : 3 investment research analysts covering EMCORE Corporation (EMKR) have an average price target of $7.83 for the near short term. The highest target price given by the Brokerage Firm to the stock is $10 and the lowest target is $7 for the short term. Analysts expect the variance to be within $1.44 of the average price.

EMCORE Corporation (EMKR) : 3 brokerage houses believe that EMCORE Corporation (EMKR) is a Strong Buy at current levels. Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 3 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.


EMCORE Corporation (NASDAQ:EMKR): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $4.93 and $4.93 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $5.08. The buying momentum continued till the end and the stock did not give up its gains. It closed at $4.98, notching a gain of 0.40% for the day. The total traded volume was 131,322 . The stock had closed at $4.96 on the previous day.

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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