POET TechnologiesPOET
POET
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 6,812 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
581% more call options, than puts
Call options by funds: $9.66M | Put options by funds: $1.42M
263% more capital invested
Capital invested by funds: $7.59M [Q2] → $27.5M (+$20M) [Q3]
125% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 4
88% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 8
27% more funds holding
Funds holding: 26 [Q2] → 33 (+7) [Q3]
3.6% more ownership
Funds ownership: 5.99% [Q2] → 9.6% (+3.6%) [Q3]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$5.50
21%
downside
Avg. target
$6.25
11%
downside
High target
$7
0%
upside
2 analyst ratings
2 positive
100%
0 neutral
0%
0 negative
0%
Northland Capital Markets Tim Savageaux 67% 1-year accuracy 16 / 24 met price target | 0%upside $7 | Outperform Reiterated | 2 Dec 2024 |
Craig-Hallum Richard Shannon 86% 1-year accuracy 37 / 43 met price target | 21%downside $5.50 | Buy Maintained | 22 Nov 2024 |
Financial journalist opinion
Based on 5 articles about POET published over the past 30 days
Neutral
GlobeNewsWire
3 days ago
POET Technologies Signs Manufacturing Agreement with Globetronics in Malaysia
Provides update on Super Photonics Joint Venture and recently announced US$25 Million Public Offering Provides update on Super Photonics Joint Venture and recently announced US$25 Million Public Offering
Neutral
GlobeNewsWire
2 weeks ago
POET Technologies Announces US$25 Million Offering Priced at a Premium to Market
TORONTO, Dec. 12, 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, today announces its intention to complete a non-brokered public offering of 5,000,000 units of the Corporation (the "Units") at a price of US$5.00 (C$7.08) per Unit (the "Issue Price") for aggregate gross proceeds to the Corporation of US$25 million (the "Offering"). Each Unit will be comprised of one common share of the Corporation (each, a "Common Share") and one-half of one common share purchase warrant of the Corporation (each whole common share purchase warrant, a "Warrant"), with each Warrant being exercisable to acquire one Common Share at a price of US$6.00 (C$8.50) for a period of five years from the date of issuance.
Positive
Seeking Alpha
2 weeks ago
POET Technologies: High Risk, High Reward In The AI Data Center Revolution
POET Technologies has surged from $1 to $5.13, driven by its innovative optical solutions and potential in AI data center networking. Despite financial challenges, POET's funding ensures runway through 2026, with potential stock targets of $6 and $7. Recent partnerships with Foxconn, Luxshare, and Mitsubishi highlight POET's growing traction in the semiconductor space.
Neutral
GlobeNewsWire
3 weeks ago
POET Technologies Announces Appointment of New Director
TORONTO, Dec. 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 artificial intelligence markets, today announced the expansion of the Company's Board of Directors (the "Board") to six members with the appointment of Bob Tirva as director and member of the Audit Committee. Mr. Tirva's appointment will be effective December 5, 2024 and, along with the incumbent five directors of the Company, he will serve until the next annual meeting of shareholders of the Company or until his successor is duly elected or appointed.
Neutral
GlobeNewsWire
3 weeks ago
POET Technologies Completes US$25 Million Registered Direct Offering
TORONTO, Dec. 03, 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 its previously announced registered direct offering with a single institutional investor that qualifies as an "accredited investor" under National Instrument 45-106 – Prospectus Exemptions of the Canadian Securities Administrators. The Corporation issued 5,555,556 common shares (the "Common Shares") and a warrant exercisable to acquire up to 2,777,778 Common Shares (the "Warrants") to the investor for aggregate gross proceeds of US$25,000,002 (the “Offering”). The combined price of one Common Share and accompanying Warrant in respect of one-half of one Common Share was US$4.50 (or approximately C$6.29). The exercise price of the Warrant is US$6.00 (or approximately C$8.39) per Common Share, and the Warrant is exercisable for a period of five years from the date of issuance.
Neutral
GlobeNewsWire
1 month ago
Poet Technologies Announces US$25 Million Registered Direct Offering
TORONTO, Nov. 26, 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, today announces its intention to complete a registered direct offering pursuant to which the Corporation expects to issue 5,555,556 common shares (the "Common Shares") and warrants exercisable for 2,777,778 Common Shares (the "Warrant" and, together with the Common Shares, the "Offered Securities"). The combined price of one Common Share and the accompanying Warrant in respect of one-half Common Share will be US$4.50 (or approximately C$6.29), to raise aggregate gross proceeds to the Corporation of US$25,000,002 (the "Offering"). The Warrant will be exercisable at an exercise price of US$6.00 (or approximately C$8.39) per Common Share for a period of five years from the date of issuance.
Neutral
GlobeNewsWire
1 month ago
Poet Technologies Announces Intention To Voluntarily Delist from the TSXV
POET Technologies' shares will remain listed on the NASDAQ Capital Market POET Technologies' shares will remain listed on the NASDAQ Capital Market
Positive
Seeking Alpha
1 month ago
POET Technologies: Writing The Future Of Optical Networking
POET Technologies is climbing the value ladder, transitioning from supplying optical engines to offering full optical transceiver modules. Its optical interposer combines photonic and electronic parts on one chip, cutting costs and increasing scalability compared to traditional methods. Collaborations with major players like Foxconn, Luxshare, and Mitsubishi Electric signal strong market interest, with potential volume production starting mid-2025.
Neutral
GlobeNewsWire
1 month ago
POET Technologies Reports Third Quarter 2024 Financial Results
TORONTO, Nov. 14, 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 its unaudited condensed consolidated financial results as at and for the three months ended November 30, 2024. The Company's financial results as well as the Management's Discussion and Analysis have been filed on SEDAR.
Positive
The Motley Fool
1 month ago
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