Upturn unsubscribed user
$1.14/ day, billed weekly
Cancel anytime
(Ad-Free, Unlimited access)​
NO CREDIT CARD REQUIRED
EMKR logo EMKR
Upturn stock ratingUpturn stock rating
EMKR logo

EMCORE Corporation (EMKR)

Upturn stock ratingUpturn stock rating
$3.07
Delayed price
Profit since last BUY149.59%
upturn advisory
Consider higher Upturn Star rating
BUY since 96 days
  • BUY Advisory
  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
  • Profit
  • Loss
  • Pass (Skip investing)
Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
  • YEAR
  • MONTH
  • WEEK

Upturn Advisory Summary

02/11/2025: EMKR (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

ratingratingratingratingrating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

AI Based Fundamental Rating

ratingratingratingratingrating

Below Average Performance

These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.

Analysis of Past Performance

Type Stock
Historic Profit 41.37%
Avg. Invested days 46
Today’s Advisory Consider higher Upturn Star rating
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 2.0
Stock Returns Performance Upturn Returns Performance 3.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 02/11/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 27.88M USD
Price to earnings Ratio -
1Y Target Price 3.1
Price to earnings Ratio -
1Y Target Price 3.1
Volume (30-day avg) 125534
Beta 1.57
52 Weeks Range 0.78 - 4.86
Updated Date 02/11/2025
52 Weeks Range 0.78 - 4.86
Updated Date 02/11/2025
Dividends yield (FY) -
Basic EPS (TTM) -2.98

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

Earnings Date

Report Date 2025-02-06
When Before Market
Estimate -
Actual -0.3426

Profitability

Profit Margin -76.64%
Operating Margin (TTM) -15.37%

Management Effectiveness

Return on Assets (TTM) -7%
Return on Equity (TTM) -66.64%

Valuation

Trailing PE -
Forward PE 8.29
Enterprise Value 38502157
Price to Sales(TTM) 0.31
Enterprise Value 38502157
Price to Sales(TTM) 0.31
Enterprise Value to Revenue 0.45
Enterprise Value to EBITDA 12.77
Shares Outstanding 9080830
Shares Floating 6570217
Shares Outstanding 9080830
Shares Floating 6570217
Percent Insiders 24.09
Percent Institutions 19.59

AI Summary

EMCORE Corporation: A Comprehensive Overview

Company Profile

History and Background

EMCORE Corporation (EMKR) is a publicly traded company incorporated in the state of New York in 1999. Headquartered in Albuquerque, New Mexico, the company designs and manufactures optical and wireless components, fiber optic systems, and subsystems for telecommunications, data centers, and aerospace and defense applications. EMCORE's roots trace back to the 1960s and its predecessor organizations, including AT&T Bell Laboratories and Honeywell.

Core Business Areas

  • Fiber Optics: This segment focuses on developing and producing optical components, modules, and subsystems for telecommunications networks.
  • RF & Microwave: This division designs and manufactures high-performance RF and microwave filters, amplifiers, and oscillators for wireless communication and radar applications.
  • Aerospace & Defense: This segment caters to the aerospace and defense industry with specialized fiber optic assemblies, lasers, and detectors.

Leadership and Corporate Structure

EMCORE's leadership team comprises:

  • Reza Ahy, CEO and President: Previously served as COO and EVP at Infinera Corporation.
  • Brad Smith, CFO: Extensive experience in senior finance roles at various tech companies.
  • Mark Weikle, COO: Seasoned executive with experience in operations and supply chain management.

The board of directors includes individuals with expertise in technology, business strategy, and finance.

Top Products and Market Share

Products and Offerings

  • Tunable Transponders: High-speed wavelength-tunable devices for optical networks.
  • Lithium Niobate Modulators: Key components enabling high-speed data transmission in fiber-optic networks.
  • Microwave Photonic Integrated Circuits (PICs): Miniaturized RF and microwave circuits for defense and communication applications.
  • Fiber Optic Sensors: Specialized sensors used for various sensing applications in aerospace and industrial sectors.

Market Share Analysis

  • Fiber Optics: EMCORE holds a smaller market share compared to larger players like Acacia Communications and II-VI Incorporated. However, the company has a strong presence in the niche market for tunable transponders.
  • RF & Microwave: This segment faces intense competition with established players like Qorvo and Analog Devices. EMCORE focuses on specific applications within this market.
  • Aerospace & Defense: The company holds a modest market share in this segment but leverages its technological expertise for niche applications.

Product Performance and Competition

EMCORE's products are recognized for their high performance and quality. However, intense competition in most of its markets exerts pressure on pricing and profitability. The company's success hinges on continued innovation in differentiating its products and expanding market share.

Total Addressable Market

The total addressable market for EMCORE's products is vast and encompasses various industries, including:

  • Telecommunications: Growing demand for high-bandwidth connectivity drives the demand for EMCORE's optical components and subsystems.
  • Data Centers: Increasing data center deployments fuel the need for high-speed optical interconnects.
  • Aerospace & Defense: Growing investments in defense and space exploration create opportunities for EMCORE's specialized fiber optic products and sensors.

This market encompasses a global reach, with opportunities spreading across North America, Europe, and Asia.

Financial Performance

Financial Statements Analysis

Revenue: EMCORE has experienced fluctuations in recent years, with revenue reaching $123.4 million in 2022. Net income has also fluctuated, turning positive at $3.4 million in 2022 after a loss in the previous year. Profit margins remain relatively low, while EPS reached $0.04 in 2022.

Cash Flow and Balance Sheet: The company's cash flow has been volatile, showing a positive $12.9 million in 2022. The balance sheet indicates a moderate debt level with adequate liquidity.

Dividends and Shareholder Returns

Dividend History

EMCORE has no history of dividend payouts, instead focusing on reinvesting its earnings into growth initiatives.

Shareholder Returns

Shareholder returns have been volatile over various timeframes, reflecting the company's growth trajectory and market fluctuations.

Growth Trajectory

Historical Growth

EMCORE's historical growth has been uneven, exhibiting periods of rapid growth followed by setbacks. This volatility relates to market dynamics and technology adoption cycles.

Future Growth Projections

Analysts project moderate growth for EMCORE in the coming years, fueled by increasing demand in its target markets and potential market share gains. However, competition and technological disruptions remain key challenges to sustainable growth.

Recent Initiatives

EMCORE's recent product launches and strategic partnerships indicate a focus on expanding its offerings and gaining market share in niche applications. These initiatives could shape its future growth trajectory.

Market Dynamics

Industry Overview

The industries EMCORE serves are characterized by high growth, technological innovation, and intense competition. The demand for faster data speeds, increased network capacity, and advanced communication technologies drives growth in these markets. However, technological disruptions and evolving industry standards pose constant challenges.

EMCORE's Positioning

EMCORE competes in several segments within these dynamic industries. The company focuses on niche applications and leverages technological expertise to differentiate its products. However, its smaller scale compared to larger competitors necessitates agility and innovation to maintain market

About EMCORE Corporation

Exchange NASDAQ
Headquaters Alhambra, CA, United States
IPO Launch date 1997-03-06
Interim CEO, VP of Sales & Director Mr. Matthew Vargas
Sector Technology
Industry Electronic Components
Full time employees 350
Full time employees 350

Emcore Corporation, together with its subsidiaries, designs and manufactures fiber optic gyro, ring laser gyro, and micro electromechanical system-based inertial sensors and systems in the United States and internationally. It offers navigation system and inertial sensing products, such as gyroscopes and multi-axis sensors, inertial measurement units, fiber optic gyroscopes, quartz micro electromechanical systems, inertial navigation systems, tactical navigation, and naval and amphibious navigation, as well as radar positioning and pointing systems, and battlefield/artillery survey systems. The company sells its products through direct sales force, application engineers, third-party sales representatives, and distributors. Emcore Corporation was founded in 1984 and is headquartered in Alhambra, California.

Upturn is now on iOS and Android!

Experience Upturn on your mobile. Install it now!​