In a report released today, Richard Shannon from Craig-Hallum maintained a Buy rating on POET Technologies (POET – Research Report). The company’s shares closed yesterday at $4.55.
According to TipRanks, Shannon is a 2-star analyst with an average return of 0.6% and a 39.61% success rate. Shannon covers the Technology sector, focusing on stocks such as POET Technologies, Ouster, and Coherent Corp.
Currently, the analyst consensus on POET Technologies is a Moderate Buy with an average price target of $5.00.
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Based on POET Technologies’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $199.56 thousand and a GAAP net loss of $6.28 million. In comparison, last year the company had a GAAP net loss of $3.7 million
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POET Technologies, Inc. engages in the designing, developing, manufacturing, and sale of opto-electronic solutions for the sensing, data communications, and telecommunications markets. It developed POET Optical Interposer platform, which allows the integration of electronic and photonic devices into a single multi-chip module. The company was founded on November 14, 1985 and is headquartered in Toronto, Canada.
Read More on POET:
- POET Technologies Reports First Quarter 2023 Financial Results
- Poet Technologies introduces ‘POET Starlight’ for AI market
- POET Technologies Introduces “POET Starlight” for the Artificial Intelligence Market and Receives Advanced Purchase Order from Celestial AI
- POET Technologies Expands Investor Outreach Efforts
- POET Technologies Reports Fourth Quarter 2022 Financial Results
