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EMCORE Corporation (EMKR)

  • Nov. 18, 2013, 8:34 AM
    • EMCORE (EMKR) COO Christopher Larocca resigns to pursue other opportunities as part of the company's "broad realignment of management responsibility in the ... fiber optics business segment." (8-K)
    • Fiber optics division revenue fell 16.5% in FQ3 to $21.6M.
    | 1 Comment
  • Aug. 7, 2013, 6:48 AM
    • EMCORE (EMKR): FQ3 EPS of -$0.22 misses by $0.05.
    • Revenue of $33.5M misses by $3.99M. (PR)
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  • Jun. 20, 2013, 9:07 AM
    Emcore (EMKR) +6.1% premarket on news of a solar cell assembly supply contract with India's space research organization to manufacture, test and deliver high-efficiency multi-junction solar cell assemblies for commercial geostationary telecommunications and scientific earth observation satellite missions. The contract award is valued at $22M.
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  • May. 21, 2013, 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%.
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  • May. 21, 2013, 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)
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  • May. 9, 2013, 5:50 PM
    Emcore (EMKR): FQ2 EPS of $0.00 misses by $0.01. Revenue of $42.3M misses by $5.24M. (PR)
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  • Oct. 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
  • Mar. 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.
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  • Feb. 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
  • Jan. 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.
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  • Jan. 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.
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  • Dec. 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)
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  • Dec. 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.
  • Dec. 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.
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  • Nov. 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%.
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  • Oct. 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)
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Company Description
Emcore Corp is a provider of compound semiconductor-based components and subsystems for the broadband, fiber optic, satellite and terrestrial solar power markets.