FY2024 EPS Estimates for POET Technologies Inc. (NASDAQ:POET) Increased by Analyst

POET Technologies Inc. (NASDAQ:POETFree Report) – Analysts at Zacks Small Cap increased their FY2024 EPS estimates for shares of POET Technologies in a research note issued on Monday, June 10th. Zacks Small Cap analyst L. Thompson now expects that the company will earn ($0.39) per share for the year, up from their prior estimate of ($0.47). The consensus estimate for POET Technologies’ current full-year earnings is ($0.39) per share.

POET Technologies (NASDAQ:POETGet Free Report) last announced its quarterly earnings data on Wednesday, May 15th. The company reported ($0.12) earnings per share (EPS) for the quarter. The firm had revenue of $0.01 million for the quarter.

POET Technologies Stock Down 4.5 %

Shares of POET stock opened at $1.69 on Thursday. POET Technologies has a 12-month low of $0.72 and a 12-month high of $5.37. The company has a market capitalization of $102.40 million, a P/E ratio of -3.45 and a beta of 0.31. The firm has a 50-day moving average price of $1.85 and a 200 day moving average price of $1.40.

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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