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EMCORE Corporation

5/24/2013, 1:46 PM ET

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Tuesday, May 21, 9:10 AM Premarket gainers: SDBT +66%. YGE +27%. EMKR +16%. HSOL +15%. JASO +13%. SOL +11%. LEDS +9%. NM +9%. TSL +8%. ACRX +8%. MCP +7%. AVL +7%. JKS +7%. RSOL +7%. LDK +7%. CSIQ +7%. REE +6%. DRYS +6%. SKS +6%.
Losers: FSGI -46%. CIMT -10%. CUK -7%. NBG -6%. CCL -6%. Comment! [On the Move]
Tuesday, May 21, 9:00 AM Emcore (EMKR) soars 13% premarket after saying ATK has awarded the company a contract to make solar cells that will power a satellite to carry the payload for NASA's Green Propellant Infusion Mission. (PR) Comment! [On the Move]
Thursday, May 9, 5:50 PM Emcore (EMKR): FQ2 EPS of $0.00 misses by $0.01. Revenue of $42.3M misses by $5.24M. (PR) Comment! [Earnings, Breaking News, Tech]
Friday, October 5, 2012, 8:15 AM U.S. and European solar energy companies have been downsizing for a while, but NYT reports China's solar firms are hurting too because the Chinese market is saturated by panels that can’t be exported. The government could subsidize more solar installations at home, but the cost of solar remains heavily discounted to coal-fired electricity, which means any subsidy would balloon enormously. 1 Comment [Tech, Energy, Global & FX]
Wednesday, March 7, 2012, 4:00 PM Saddled with too many vendors and excess capcity, the optical component industry is due for consolidation, says industry analyst Subu Subrahmanyan, who also speculates Oclaro (OCLR) could merge with Finisar (FNSR) or JDS Uniphase (JDSU). Finisar CEO Jerry Rawls says deals are often discussed, but disagreements over price and fears of post-merger market share losses are standing in the way. Comment! [Tech, M&A]
Tuesday, February 14, 2012, 7:35 PM Emcore (EMKR) trades up during the post-session, largely in relief after reporting its FQ1 earnings in-line with guidance. Q1 net revenue actually declined -28% Y/Y, primarily due to contractor supply problems stemming from the floods in Thailand last year that forced the company to suspend operations. Shares +4% AH. 1 Comment [Tech, On the Move]
Monday, January 30, 2012, 10:36 AM Well, that didn't go as planned: Emcore (EMKR -15.1%) tumbles after announcing a 1-for-4 reverse stock split. Perhaps investors fear the move is an attempt to draw attention away from Emcore's bleak near-term fundamentals. Comment! [Tech, On the Move]
Friday, January 27, 2012, 6:36 PM Emcore (EMKR), whose shares closed at $1.26 today, announces a 1-for-4 reverse stock split, set to go into effect on Feb. 15. Once this happens, Emcore's consensus EPS forecast for FY12 may stand at -$0.64, up from a current -$0.16. Comment! [Tech]
Wednesday, December 28, 2011, 11:15 AM After selling off yesterday following its FQ4 report, Emcore (EMKR +21.4%) is soaring today. Though results missed estimates, and the company's FQ1 revenue guidance of $36M-$38M is well below a $51.2M consensus, investors appear to be taking heart in the company's prediction that optical and cable component production capacity lost to Thai flooding will be regained between March and May. (transcript) Comment! [Tech, On the Move]
Tuesday, December 27, 2011, 5:44 PM Solar panel maker Emcore (EMKR) trades down in the post-session after its Q4 EPS losses were much deeper than anticipated. Losses widened as its operations were curtailed by the flooding in Thailand during October, with the company noting the manufacturing infrastructure that supports roughly half of its fiber-optics segment revenue was heavily damaged. Shares -5.2% AH. 4 Comments [Tech, Earnings, On the Move]
Monday, December 5, 2011, 12:07 PM Solar panel manufacturer EMCORE (EMKR +4.2%) moves higher after being selected by ATK (ATK +1.5%) for a manufacturing contract, using its ZTJ solar cells in ATK's Ultraflex solar arrays. The solar panels will then be used to power cargo delivery spacecraft for Orbital Sciences' (ORB +2.5%) commercial resupply services missions to the International Space Station. Comment! [Tech, On the Move]
Wednesday, November 2, 2011, 11:30 AM JDS Uniphase's (JDSU +9.2%) FQ1 report is fueling a massive rally in optical component stocks, as the company's better-than-feared guidance goes over well with investors spooked by Thai flooding. CC comments about "significant improvements" in customer inventory levels might also be helping. FNSR +12.2%. OCLR +6.5%. OPLK +5.9%. EMKR +11.8%. Comment! [Tech, Earnings, On the Move]
Wednesday, October 26, 2011, 9:57 AM Optical component firms JDS Uniphase (JDSU), Oclaro (OCLR), Opnext (OPXT), and Emcore (EMKR) have issued statements about the impact Thai flooding will have on them, on account of their reliance on Fabrinet (FN). Oclaro is posponing its FQ1 report, while Opnext says revenue losses for its current quarter "will be material." (yesterday) Comment! [Tech]
Tuesday, October 25, 2011, 3:42 PM Optical networking stocks sink as investors come to grips with the significant damage from flooding in Thailand to facilities operated by Fabrinet (FN -21.8%), whose key customers read like a who’s who in the sector: JDS Uniphase (JDSU -8.2%), Oclaro (OCLR -8.1%), Opnext (OPXT -18.4%), Finisar (FNSR -2%), Emcore (EMKR -10.8%). (earlier) Comment! [Tech, On the Move]
Thursday, August 4, 2011, 2:31 PM Communications and solar chip vendor EMCORE (EMKR) falls 32.4% after reporting FQ3 revenue of $49.5M (+6% Y/Y) and EPS of -$0.12, below a consensus of $49.8M and -$0.04. Gross margin fell 3.3% Q/Q to 22.4%, but order backlog grew 31% Q/Q. The company expects FQ4 revenue of $51M-$55M, in-line with a $53.7M consensus. Comment! [Tech, Earnings, On the Move]
Monday, February 7, 2011, 9:00 AM Premarket gainers: PDE +17%. BEC +10%. PGNX +9%. INO +5%. GLUU +5%. OREX +5%. DHR +5%. EMKR +4%. MGIC +4%. CHK +4%. AIB +4%.
Losers: YONG -10%. WY -5%. SYY -4%. Comment!