EMCORE Corporation (NASDAQ: EMKR) is one of 67 publicly-traded companies in the “Communications & Networking” industry, but how does it weigh in compared to its rivals? We will compare EMCORE Corporation to related companies based on the strength of its earnings, dividends, analyst recommendations, valuation, institutional ownership, risk and profitability.
Institutional & Insider Ownership
77.3% of EMCORE Corporation shares are held by institutional investors. Comparatively, 64.2% of shares of all “Communications & Networking” companies are held by institutional investors. 0.8% of EMCORE Corporation shares are held by company insiders. Comparatively, 13.4% of shares of all “Communications & Networking” companies are held by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock will outperform the market over the long term.
Risk and Volatility
EMCORE Corporation has a beta of 0.48, suggesting that its stock price is 52% less volatile than the S&P 500. Comparatively, EMCORE Corporation’s rivals have a beta of 1.14, suggesting that their average stock price is 14% more volatile than the S&P 500.
This is a summary of current ratings and target prices for EMCORE Corporation and its rivals, as reported by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|EMCORE Corporation Competitors||373||2429||3972||159||2.56|
EMCORE Corporation presently has a consensus price target of $11.88, indicating a potential upside of 50.32%. As a group, “Communications & Networking” companies have a potential upside of 27.81%. Given EMCORE Corporation’s stronger consensus rating and higher probable upside, research analysts plainly believe EMCORE Corporation is more favorable than its rivals.
This table compares EMCORE Corporation and its rivals’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|EMCORE Corporation Competitors||-2.33%||-5.93%||0.31%|
Valuation and Earnings
This table compares EMCORE Corporation and its rivals revenue, earnings per share (EPS) and valuation.
|Gross Revenue||NetIncome||Price/Earnings Ratio|
|EMCORE Corporation Competitors||$1.65 billion||$248.20 million||26.48|
EMCORE Corporation’s rivals have higher revenue and earnings than EMCORE Corporation. EMCORE Corporation is trading at a lower price-to-earnings ratio than its rivals, indicating that it is currently more affordable than other companies in its industry.
EMCORE Corporation beats its rivals on 7 of the 13 factors compared.
About EMCORE Corporation
EMCORE Corporation is engaged in designing and manufacturing indium phosphide (InP) optical chips, components, subsystems and systems for the broadband and specialty fiber optics market. The Company focuses on linear fiber optic transmission technology. The Company operates through Fiber Optics segment. The Company provides optical components, and also end-to-end solutions for high-speed communications network infrastructures. The Company’s optical technologies are designed for cable television (CATV) and fiber-to-the-premise (FTTP) networks, telecommunications and data centers, satellite communications, aerospace and defense, wireless networks, and broadcast and professional audio/video systems. The Company’s fiber optics products enable information that is modulated on light signals to be transmitted, routed (switched) and received in communication systems and networks.
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