Craig Hallum initiated coverage of EMCORE with a rating of Buy and set a new price target of $10.50
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/2/2024 | $3.00 | Hold → Buy | Craig Hallum |
| 8/10/2022 | Outperform → Market Perform | Northland Capital | |
| 2/10/2022 | $11.00 → $4.50 | Buy → Hold | Lake Street |
3 - EMCORE CORP (0000808326) (Issuer)
4 - EMCORE CORP (0000808326) (Issuer)
4 - EMCORE CORP (0000808326) (Issuer)
Transaction Will Unite Industry Leaders to Create an Emerging Force in the Aerospace and Defense IndustryFAIRFIELD, NJ / ACCESSWIRE / November 8, 2024 / Velocity One, a newly formed aerospace manufacturing holding company, announced today it has signed a merger agreement with EMCORE Corporation (NASDAQ:EMKR) ("EMCORE"), a provider of inertial navigation solutions to the aerospace and defense industry. Under the agreement, EMCORE will become a wholly owned subsidiary of Velocity One. The purchase price of $3.10 per share in cash, backed by Charlesbank Capital Partners ("Charlesbank"), a private investment firm with more than $22 billion of total assets*, has been unanimously approved by the E
FAIRFIELD, New Jersey, Nov. 08, 2024 (GLOBE NEWSWIRE) -- Velocity One, a newly formed aerospace manufacturing holding company, announced today it has signed a merger agreement with EMCORE Corporation (NASDAQ:EMKR) ("EMCORE"), a provider of inertial navigation solutions to the aerospace and defense industry. Under the agreement, EMCORE will become a wholly owned subsidiary of Velocity One. The purchase price of $3.10 per share in cash, backed by Charlesbank Capital Partners ("Charlesbank"), a private investment firm with more than $22 billion of total assets*, has been unanimously approved by the EMCORE board of directors. Velocity One will now have three industry leaders operating under i
BUDD LAKE, NJ, Oct. 01, 2024 (GLOBE NEWSWIRE) -- EMCORE Corporation (NASDAQ:EMKR) ("Emcore" or the "Company), the world's largest independent provider of inertial navigation solutions to the aerospace and defense industry, today confirmed that it has received an unsolicited, non-binding proposal from Mobix Labs, Inc. ("Mobix") to acquire all of the Company's outstanding shares for $3.80 per share in cash. The Company's Board of Directors continues to evaluate a range of strategic and financial options to enhance shareholder value. The Company's Board of Directors and management team are committed to acting in the best interests of all shareholders. Consistent with its fiduciary duties a
BUDD LAKE, NJ, Aug. 06, 2024 (GLOBE NEWSWIRE) -- EMCORE Corporation (NASDAQ:EMKR), the world's largest independent provider of inertial navigation solutions to the aerospace and defense industry, today announced results for the fiscal 2024 third quarter (3Q24) ended June 30, 2024. Management will host a conference call to discuss 3Q24 financial and business results on August 7, 2024 at 8:00 a.m. Eastern Time (ET). "Revenue came in strong at $20.4 million for 3Q24, driven by record high shipments from our Concord site and a solid performance at our Tinley Park operation," said Matt Vargas, interim Chief Executive Officer. "On the expense side, we continue to work through the previously ann
BUDD LAKE, NJ, July 31, 2024 (GLOBE NEWSWIRE) -- EMCORE Corporation (NASDAQ:EMKR), the world's largest independent provider of inertial navigation solutions to the aerospace and defense industry, will announce its fiscal 2024 third-quarter results for the period ended June 30, 2024, on Tuesday, August 6, 2024, after the market close. Conference Call and Webcast Information The Company will host a conference call to discuss the results at 8:00 a.m. (ET) on Wednesday, August 7, 2024. Interim Chief Executive Officer, Matt Vargas, and Chief Financial Officer, Tom Minichiello, will provide an overview of the results, discuss current business conditions, and conduct a question and answer s
BUDD LAKE, NJ, May 08, 2024 (GLOBE NEWSWIRE) -- EMCORE Corporation (NASDAQ:EMKR), the world's largest independent provider of inertial navigation solutions to the aerospace and defense industry, today announced results for the fiscal 2024 second quarter (2Q24) ended March 31, 2024. Management will host a conference call to discuss 2Q24 financial and business results on May 8, 2024 at 5:00 p.m. Eastern Time (ET). "Lower-than-expected revenue in the March quarter was primarily due to product shipment delays and declining revenue from our Budd Lake site. The lower top-line negatively impacted 2Q24 profit margins," said Tom Minichiello, Chief Financial Officer of EMCORE. "With regard to cash
Gainers Quantum (NASDAQ:QMCO) shares rose 20.9% to $0.71 during Monday's regular session. The company's market cap stands at $68.2 million. As per the press release, Q4 earnings came out today. Canaan (NASDAQ:CAN) shares moved upwards by 18.38% to $1.21. The company's market cap stands at $345.4 million. EMCORE (NASDAQ:EMKR) shares moved upwards by 17.3% to $1.01. The market value of their outstanding shares is at $8.3 million. Soluna Holdings (NASDAQ:SLNH) shares rose 13.95% to $4.21. The company's market cap stands at $16.4 million. VirnetX Holding (NYSE:VHC) stock moved upwards by 12.6% to $4.2. The company's market cap stands at $15.4 million. Nortech Systems (NASDAQ:NSYS) shares m
Gainers Schmid Group (NASDAQ:SHMD) shares increased by 27.2% to $5.09 during Monday's pre-market session. The market value of their outstanding shares is at $218.7 million. Quantum (NASDAQ:QMCO) stock increased by 15.44% to $0.68. The market value of their outstanding shares is at $65.1 million. As per the press release, Q4 earnings came out today. EMCORE (NASDAQ:EMKR) shares increased by 14.94% to $0.99. The market value of their outstanding shares is at $8.1 million. Ostin Technology Group (NASDAQ:OST) shares rose 14.35% to $0.48. The company's market cap stands at $7.1 million. Unusual Machines (AMEX:UMAC) shares rose 14.18% to $1.69. The company's market cap stands at $15.7 million.
Gainers EMCORE (NASDAQ:EMKR) stock rose 5.6% to $0.91 during Friday's after-market session. The company's market cap stands at $7.5 million. Sonim Technologies (NASDAQ:SONM) stock moved upwards by 5.55% to $0.85. The company's market cap stands at $39.9 million. Tungray Technologies (NASDAQ:TRSG) shares moved upwards by 5.07% to $4.14. The company's market cap stands at $67.7 million. AEye (NASDAQ:LIDR) stock increased by 4.84% to $2.38. The market value of their outstanding shares is at $17.4 million. Mercurity Fintech Holding (NASDAQ:MFH) shares moved upwards by 3.59% to $1.73. The market value of their outstanding shares is at $105.2 million. SMX (Security Matters) (NASDAQ:SMX) shar
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8-K - EMCORE CORP (0000808326) (Filer)
4 - EMCORE CORP (0000808326) (Issuer)
Appoints Cletus C. Glasener and Jeffrey J. Roncka to its Board of Directors Appoints Cletus C. Glasener as Chairman of the Board Amends and Reconstitutes Strategy and Alternatives Committee ALHAMBRA, CA, Jan. 11, 2024 (GLOBE NEWSWIRE) -- EMCORE Corporation (NASDAQ:EMKR) ("EMCORE" or the "Company"), the world's largest independent provider of inertial navigation solutions to the aerospace and defense industry, today announced that it has entered into a cooperation agreement (the "Cooperation Agreement") with Bradley L. Radoff and certain of his affiliates ("Radoff"), pursuant to which Cletus C. Glasener and Jeffrey J. Roncka were appointed to the Company's board of directors (the "
Craig Hallum upgraded Emcore from Hold to Buy and set a new price target of $3.00
Northland Capital downgraded Emcore from Outperform to Market Perform
Lake Street downgraded EMCORE from Buy to Hold and set a new price target of $4.50 from $11.00 previously
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