POET Technologies (POET) Expected to Announce Quarterly Earnings on Friday

POET Technologies (NASDAQ:POET) is expected to be posting 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 Down 4.4 %

NASDAQ:POET opened at $3.87 on Thursday. The firm has a market capitalization of $302.13 million, a P/E ratio of -6.56 and a beta of 0.60. The company has a fifty day moving average of $4.50 and a 200 day moving average of $4.40. POET Technologies has a 52 week low of $1.00 and a 52 week high of $7.79.

Analysts Set New Price Targets

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

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.