POET Technologies (POET) to Release Earnings on Friday

POET Technologies (NASDAQ:POET) is projected to post its quarterly earnings results 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 Performance

POET Technologies stock opened at $3.87 on Thursday. POET Technologies has a fifty-two week low of $1.00 and a fifty-two week high of $7.79. The stock’s 50 day simple moving average is $4.50 and its two-hundred day simple moving average is $4.40. The stock has a market cap of $302.13 million, a price-to-earnings ratio of -6.56 and a beta of 0.60.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Craig Hallum upped their price target on POET Technologies from $3.50 to $5.50 and gave the stock a “buy” rating in a research note on Friday, November 22nd. Northland Securities restated an “outperform” rating and set a $7.00 target price (up previously from $6.00) on shares of POET Technologies in a report on Monday, December 2nd.

About POET Technologies

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.