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 6,790 funds
0
Analysts bullish %
of 4 analysts
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]
3.61% more ownership
Funds ownership: 5.99% [Q2] → 9.6% (+3.61%) [Q3]
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$3.50
28%
downside
Avg. target
$5.50
14%
upside
High target
$7
45%
upside
4 analyst ratings
4 positive
100%
0 neutral
0%
0 negative
0%
Northland Capital Markets Tim Savageaux 0 / 0 met price target | 45%upside $7 | Outperform Reiterated | 2 Dec 2024 |
Craig-Hallum Richard Shannon 76% 1-year accuracy 22 / 29 met price target | 14%upside $5.50 | Buy Maintained | 22 Nov 2024 |
Northland Capital Markets Tim Savageaux 0 / 0 met price target | 24%upside $6 | Outperform Initiated | 18 Nov 2024 |
Craig-Hallum Richard Shannon 76% 1-year accuracy 22 / 29 met price target | 28%downside $3.50 | Buy Maintained | 12 Sept 2024 |
Financial journalist opinion
Based on 6 articles about POET published over the past 30 days
Neutral
GlobeNewsWire
6 hours 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
1 day 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 week 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 week 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
2 weeks 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
2 weeks 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
3 Small-Cap Stocks That Could Trounce the S&P 500 Over the Next 5 Years
These three under-the-radar small-cap companies offer potential for substantial returns, though they come with higher volatility than their larger peers.
Neutral
GlobeNewsWire
2 months ago
POET Wins “AI Innovator of the Year” Gold Prize at 2024 Merit Awards
TORONTO, Oct. 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 artificial intelligence markets, was recognized today as the “AI Innovator of the Year” in the Technology category of the prestigious 2024 Merit Awards. The Gold Prize adds to the Company's recent accolades, which include recognition by the 2024 AI Breakthrough Awards honor for “Best Optical AI Solution”.
Neutral
GlobeNewsWire
2 months ago
Poet Technologies Announces Closing of US$15 Million Private Placement
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES TORONTO, Sept. 25, 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 non-brokered private placement with a single institutional investor pursuant to which the Corporation issued 4,000,000 common shares (the "Common Shares") and an accompanying warrant exercisable for an aggregate of up to 2,000,000 Common Shares (each, a “Warrant Share”) at an exercise price of $5.00 (or approximately C$6.78) per Common Share (the "Warrant") for aggregate gross proceeds of US$15,000,000 (the “Offering”).
Positive
Seeking Alpha
2 months ago
Behind The Surge: Understanding POET Technologies' Growth Prospects
POET Technologies' stock surged 80% in five days, driven by its innovative Optical Interposer technology, which integrates photonic and electrical components for faster, efficient data transfer. Collaborations with Mitsubishi and other key players aim to develop high-capacity optical engines, with significant market growth expected in 800G and 1.6T transceivers by 2025. Despite risks like limited cash, production challenges, and regulatory issues in China, POET's momentum and strategic partnerships, notably with Mitsubishi Electric, are promising.
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