News articles about EMCORE (NASDAQ:EMKR) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. EMCORE earned a daily sentiment score of 0.03 on Accern’s scale. Accern also gave news headlines about the semiconductor company an impact score of 48.4162186676223 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Several equities analysts have issued reports on EMKR shares. B. Riley upgraded EMCORE from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $5.75 to $6.00 in a research report on Friday, May 4th. ValuEngine upgraded EMCORE from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 2nd. Northland Securities downgraded EMCORE from an “outperform” rating to a “market perform” rating and set a $5.00 price objective for the company. in a research report on Friday, August 3rd. Zacks Investment Research upgraded EMCORE from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 4th. Finally, TheStreet downgraded EMCORE from a “c” rating to a “d+” rating in a research report on Thursday, August 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. EMCORE has an average rating of “Hold” and an average target price of $6.00.

EMKR traded up $0.05 during trading on Friday, hitting $4.70. The company’s stock had a trading volume of 12,176 shares, compared to its average volume of 230,549. EMCORE has a 12 month low of $4.40 and a 12 month high of $9.25. The company has a market cap of $133.35 million, a price-to-earnings ratio of 12.05 and a beta of 0.38.

EMCORE (NASDAQ:EMKR) last issued its quarterly earnings data on Thursday, August 2nd. The semiconductor company reported ($0.26) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by ($0.18). EMCORE had a negative net margin of 10.45% and a negative return on equity of 6.84%. The business had revenue of $17.72 million during the quarter, compared to the consensus estimate of $18.02 million. sell-side analysts forecast that EMCORE will post -0.42 EPS for the current fiscal year.

About EMCORE

EMCORE Corporation, together with its subsidiaries, provides advanced mixed-signal optics products in California. It offers broadband products comprising cable television; laser, receiver, and photodetector component products; radio frequency over glass FTTP products; satellite/microwave communications products; and wireless communications products.

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