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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 |
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
BUDD LAKE, NJ, Jan. 03, 2025 (GLOBE NEWSWIRE) -- EMCORE Corporation (NASDAQ:EMKR), a leading provider of inertial navigation solutions to the aerospace and defense industry, today announced results for the fiscal 2024 fourth quarter (4Q24) ended September 30, 2024. "As we close out the fiscal year, we are pleased to report that execution on our previously announced restructuring plan resulted in significant progress in all areas of the business. During 4Q24, the Company generated positive cash flow of $1.8 million and substantially lowered operating expenses," said Matt Vargas, interim Chief Executive Officer. "In addition, on a sequential-quarter basis, we increased revenue 6% and grew b
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
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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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 "
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