POET Technologies (POET) Projected to Post Earnings on Friday

POET Technologies (NASDAQ:POET) is projected to announce its earnings results before the market opens on Friday, March 21st. Analysts expect the company to announce earnings of ($0.09) per share and revenue of $0.05 million for the quarter.

POET Technologies Trading Up 1.0 %

Shares of POET opened at $4.05 on Wednesday. POET Technologies has a twelve month low of $1.00 and a twelve month high of $7.79. The company has a market cap of $316.18 million, a P/E ratio of -6.86 and a beta of 0.60. The company’s fifty day simple moving average is $4.53 and its 200-day simple moving average is $4.40.

Analysts Set New Price Targets

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

POET Technologies Company Profile

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.