EMCORE Corporation (NASDAQ:EMKR) changed -1.19% to recent value of $3.31. The stock transacted 263350 shares during most recent day however it has an average volume of 62.49K shares. It spotted trading -16.62% off 52-week high price. On the other end, the stock has been noted 126.71% away from the low price over the last 52-weeks.
On Oct. 19, 2020, EMCORE Corporation (NASDAQ:EMKR) a leading provider of advanced mixed-signal products that serve the aerospace & defense and broadband communications markets, disclosed preliminary financial results for its fourth fiscal quarter ended September 30, 2020.
EMCORE expects its revenue for the quarter to be approximately $33.5 million compared to its previous revenue guidance range of $29 million to $31 million.
Jeff Rittichier, EMCORE’s President and CEO commented, MSOs ramped up their investments to break network bottlenecks, driving greater-than-anticipated growth in our Broadband business. L-EML transmitter shipments were particularly strong, demonstrating the unique value of this product. Revenue for QMEMS and Defense Optoelectronic products within our Aerospace & Defense segment also exceeded our expectations. Looking ahead, we see the robust order book for our cable TV products extending through the March ‘21 quarter.
These preliminary, unaudited results are based on the most current information available to management following its initial review of operations for the quarter ended September 30, 2020 and remain subject to completion of EMCORE’s customary closing procedures, including external auditor review. EMCORE expects to provide final financial results for its fourth fiscal quarter during the week of November 30, 2020.
EMKR has a gross margin of 22.70% and an operating margin of -22.00% while its profit margin remained -22.50% for the last 12 months. Its earnings per share (EPS) expected to touch remained -95.30% for this year while earning per share for the next 5-years is expected to reach at 15.00%.
The company has 29.30M of outstanding shares and 26.11M shares were floated in the market. According to the most recent quarter its current ratio was 3 that represents company’s ability to meet its current financial obligations. The price moved ahead of 1.42% from the mean of 20 days, -1.14% from mean of 50 days SMA and performed 8.81% from mean of 200 days price. Company’s performance for the week was 1.53%, 1.85% for month and YTD performance remained 8.88%.