EMCORE Slumps: EMKR Falls 7.9% in Session

Zacks Equity Research

October 24, 2014 at 6:34 a.m.

EMCORE Corporation (EMKR) saw a big move in the last trading session, as the company’s shares fell by nearly 9% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent trend for EMKR, as the stock is now down over 13% in the past one-month time frame.

The company, which provides compound semiconductor-based products, has not seen any estimate revision over the past month, and the current year earnings consensus hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, especially on earnings estimates following the recent slump.

EMKR currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Some better-ranked stocks in the Electrical – Manufacturing Machinery industry include Axcelis Technologies Inc. (ACLS), Tessera Technologies Inc. (TSRA) and Cohu, Inc. (COHU), each carrying a Zacks Rank #2 (Buy).

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >

EMCORE CORP (EMKR): Free Stock Analysis Report

AXCELIS TECHNOLOGIES INC (ACLS): Free Stock Analysis Report

TESSERA TECHNOLOGIES INC (TSRA): Free Stock Analysis Report

COHU INC (COHU): Free Stock Analysis Report

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