Zacks Rating on EMCORE Corporation (EMKR)

EMCORE Corporation (EMKR) has an average broker rating of 1, which is interpreted as a Strong Buy, as rated by 3 equity analysts. Nonetheless, 3 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

EMCORE Corporation (EMKR) : The consensus price target for EMCORE Corporation (EMKR) is $7.83 for the short term with a standard deviation of $1.44. The most optimist securities analyst among the 3 who monitor the stock believes that the stock can reach $10, however, the pessimist price target for the company is $7.


EMCORE Corporation has dropped 1.55% in the last five trading days, however, the shares have posted positive gains of 3.24% in the last 4 weeks. EMCORE Corporation is up 21.05% in the last 3-month period. Year-to-Date the stock performance stands at 7.62%. EMCORE Corporation (NASDAQ:EMKR): stock turned positive on Tuesday. Though the stock opened at $5.01, the bulls momentum made the stock top out at $5.11 level for the day. The stock recorded a low of $5.01 and closed the trading day at $5.07, in the green by 0.60%. The total traded volume for the day was 208,183. The stock had closed at $5.04 in the previous days trading.

EMCORE Corporation (EMCORE) offers a portfolio of compound semiconductor-based products for the broadband, fiber optics, space and solar power markets. The Company operates in two segments: Fiber Optics and Photovoltaics. EMCOREs Fiber Optics segment offers optical components, subsystems and systems for high-speed data and telecommunications, cable television (CATV) and fiber-to-the-premises (FTTP) networks as well as products for satellite communications, video transport and specialty photonics technologies for defense and homeland security applications. The Companys Photovoltaics segment provides products for space power applications, including multi-junction solar cells, coverglass interconnected cells, and complete satellite solar panels; and terrestrial applications, such as GaAs solar cells for concentration photovoltaic power systems.

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