POET Technologies
POET

$3.14

0%

Market Cap: $206M

About: POET Technologies Inc is a design and development company offering high-speed optical engines, light source products, and custom optical modules to the artificial intelligence systems market and hyperscale data centers. Its integration solutions are based on the POET Optical Interposer, a novel, patented platform that allows the seamless integration of electronic and photonic devices into a single chip using wafer-level semiconductor manufacturing techniques. POET's Optical Interposer platform also solves device integration challenges across a broad range of communication, computing, and sensing applications. The group's operations are located in Allentown, PA, Shenzhen, China, and Singapore.

Employees: 56

0

Funds holding %

of 6,710 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

518% more capital invested

Capital invested by funds: $1.22M [Q1] → $7.57M (+$6.35M) [Q2]

470% more call options, than puts

Call options by funds: $752K | Put options by funds: $132K

167% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 3

24% more funds holding

Funds holding: 21 [Q1] → 26 (+5) [Q2]

3.83% more ownership

Funds ownership: 2.16% [Q1] → 5.98% (+3.83%) [Q2]

14% less repeat investments, than reductions

Existing positions increased: 6 | Existing positions reduced: 7

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Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

Low target

$3.50

11%

upside

Avg. target

$3.50

11%

upside

High target

$3.50

11%

upside

1 analyst rating

1 positive

100%

0 neutral

0%

0 negative

0%

Craig-Hallum

Richard Shannon

47% 1-year accuracy

15 / 32 met price target

11%upside

$3.50

Buy

Maintained

12 Sept 2024

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Financial journalist opinion

Based on 4 articles about POET published over the past 30 days

POET and Mitsubishi Electric Collaborate to Develop 3.2T Optical Engines for AI Networks

TORONTO, Sept. 19, 2024 (GLOBE NEWSWIRE) -- POET Technologies Inc. (“POET” or the “Company”) (TSX Venture: PTK; NASDAQ: POET), the designer and developer of the POET Optical Interposer™, Photonic Integrated Circuits (PICs) and light sources for the data center, tele-communication and AI markets, today announced it has entered into a collaboration with Mitsubishi Electric Corporation (“Mitsubishi Electric”) to co-develop integrated optical engine chipsets for 3.2T pluggable transceivers, a highly sought-after product for optical connectivity in the rapidly growing artificial intelligence networking market. POET and Mitsubishi Electric will jointly support product demonstrations with major customers.

POET and Mitsubishi Electric Collaborate to Develop 3.2T Optical Engines for AI Networks

InSiGa Technologies and POET to Demonstrate Laser Driver and Optical Engine Combinations for 800G and 1.6T Optical Modules at CIOE

InSiGa EML laser drivers and POET optical engines produce industry-leading combination InSiGa EML laser drivers and POET optical engines produce industry-leading combination

InSiGa Technologies and POET to Demonstrate Laser Driver and Optical Engine Combinations for 800G and 1.6T Optical Modules at CIOE

POET to Demonstrate Leading-Edge Optical Engines for AI Market at CIOE 2024

TORONTO and SHENZHEN, China, Sept. 05, 2024 (GLOBE NEWSWIRE) -- POET Technologies Inc. (“POET” or the “Company”) (TSX Venture: PTK; NASDAQ: POET), the designer and developer of the POET Optical Interposer™, Photonic Integrated Circuits (PICs) and light sources for the data center, tele-communication and AI markets, today announced that it will be showcasing live demonstrations of its leading-edge optical products at the 2024 China International Optoelectronic Expo (CIOE) from September 11-13.

POET to Demonstrate Leading-Edge Optical Engines for AI Market at CIOE 2024

POET Streamlines its Global Engineering Organization in Response to AI Market Demand

TORONTO, Aug. 29, 2024 (GLOBE NEWSWIRE) -- POET Technologies Inc. (“POET” or the “Company”) (TSX Venture: PTK; NASDAQ: POET), the designer and developer of the POET Optical Interposer™, Photonic Integrated Circuits (PICs) and light sources for the data center, tele-communication and artificial intelligence markets, today announced a reorganization of its engineering team to streamline design, component engineering and New Product Introduction (NPI) activities globally, in response to active customer demand for 800G and higher products directed at the AI systems and hyperscale data center markets. While the major AI network and systems companies are located in North America and China, almost all module makers, including the Company's current customers for optical engines, are located in China, Taiwan and other Asia Pacific countries.

POET Streamlines its Global Engineering Organization in Response to AI Market Demand

POET Technologies Reports Second Quarter 2024 Financial Results

Tier One Design Wins and Strong Balance Sheet Support Penetration into AI Networks Tier One Design Wins and Strong Balance Sheet Support Penetration into AI Networks

POET Technologies Reports Second Quarter 2024 Financial Results

POET and Luxshare Tech Expand Product Offerings for Artificial Intelligence Networks

TORONTO, Aug. 01, 2024 (GLOBE NEWSWIRE) -- POET Technologies Inc. (“POET” or the “Company”) (TSX Venture: PTK; NASDAQ: POET), the designer and developer of the POET Optical Interposer™, Photonic Integrated Circuits (PICs) and light sources for the data center, tele-communication and AI markets, today announced that it has expanded its partnership with Luxshare Technology Co. Ltd. (“Luxshare Tech”) to provide more optical module products targeted at AI network equipment and AI service providers. Luxshare Tech is a global leader in providing technology for data-communication facilities and enterprise-level products for some of the largest companies in the world.

POET and Luxshare Tech Expand Product Offerings for Artificial Intelligence Networks

POET Technologies Announces US$10 Million Registered Direct Offering

TORONTO, July 19, 2024 (GLOBE NEWSWIRE) -- POET Technologies Inc. ("POET" or the "Corporation") (TSXV: PTK; NASDAQ: POET), the designer and developer of the POET Optical Interposer™, Photonic Integrated Circuits (PICs) and light sources for the data center, tele-communication and artificial intelligence markets, is pleased to announce that it has completed a registered direct offering with a single institutional investor pursuant to which the Corporation issued 3,333,334 common shares (the "Common Shares") and warrants exercisable to acquire 3,333,334 Common Shares (the "Warrants") for aggregate gross proceeds of US$10,000,002 (the “Offering”). The combined price of one Common Share and accompanying Warrant in respect of one Common Share was US$3.00 (or approximately C$4.09). Each Warrant is exercisable to acquire one Common Share at an exercise price of US$4.00 (or approximately C$5.45) per Common Share for a period of five years from the date of issuance.

POET Technologies Announces US$10 Million Registered Direct Offering

Complete Solaria, Senti, and POET: 3 High Volume Penny Stocks

High volume can indicate market strength, but volume is relative. Thirty million in traded shares doesn't mean much if the average daily volume is higher.

Complete Solaria, Senti, and POET: 3 High Volume Penny Stocks

POET Wins “Best Optical AI Solution” in 2024 AI Breakthrough Awards Program

Prestigious International Annual Awards Program Honors Standout AI and Machine Learning Solutions and Companies Prestigious International Annual Awards Program Honors Standout AI and Machine Learning Solutions and Companies

POET Wins “Best Optical AI Solution” in 2024 AI Breakthrough Awards Program

POET Technologies Provides Results of 2024 Annual General and Special Meeting

TORONTO, June 25, 2024 (GLOBE NEWSWIRE) -- POET Technologies Inc. (“POET” or the “Company”) (TSX Venture: PTK; NASDAQ: POET), the designer and developer of the POET Optical Interposer™, Photonic Integrated Circuits (PICs) and light sources for the data center, tele-communication and artificial intelligence markets, today reported the voting results of its Annual General and Special Meeting (the ”Meeting” or “AGSM”), which was held virtually on Friday, June 21, 2024. The Company's VP Finance and Administration, Kevin Barnes, delivered customary introductions and the call to order, and POET's Chairman of the Compensation Committee, Glen Riley, conducted the formal business of the Meeting, which included the approval of all proposals outlined in the Company's management information circular and voting material as previously distributed to shareholders.

POET Technologies Provides Results of 2024 Annual General and Special Meeting

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