This provider of compound semiconductor-based products for the broadband, fiber optics, satellite and solar power markets has seen one positive estimate revision in the last 60 days. The Zacks Consensus Estimate has also moved higher over the same period. This implies solid trading potential for the company. So make sure to keep an eye on this stock going forward to see if yesterday’s rally can turn into more strength down the road.
EMCORE currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.
Some other stocks worth considering in the electronic/machinery manufacturing industry are MKS Instruments, Inc. (MKSI), Tessera Technologies Inc. (TSRA) and Brooks Automation, Inc. (BRKS). While MKS Instruments and Tessera Technologies sport a Zacks Rank #1 (Strong Buy), Brooks Automation holds a Zacks Rank #2 (Buy).
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