POET Technologies (NASDAQ:POET) Shares Gap Down – Here’s What Happened

POET Technologies Inc. (NASDAQ:POET) shares gapped down before the market opened on Friday . The stock had previously closed at $15.48, but opened at $14.56. POET Technologies shares last traded at $13.6760, with a volume of 5,290,290 shares traded.

More POET Technologies News

Here are the key news stories impacting POET Technologies this week:

• Negative Sentiment: Several law firms, including Rosen, Faruqi & Faruqi, The Gross Law Firm, and others, reminded investors of the June 29 lead-plaintiff deadline in ongoing POET securities class-action litigation, reinforcing overhang from the lawsuit. Article Title
• Negative Sentiment: Additional shareholder alerts highlighted allegations of securities law violations and encouraged investors with losses to join the class action, adding to legal uncertainty around the stock. Article Title
• Negative Sentiment: Analyst estimate updates from Zacks Research projected continued quarterly losses for POET Technologies, with earnings expected to remain in negative territory through 2026. Article Title
• Neutral Sentiment: Investor interest also appeared elevated, with unusual options activity showing a sharp increase in call volume, suggesting traders are betting on volatility rather than a clear fundamental improvement. Article Title
• Neutral Sentiment: A recent opinion piece said POET had risen sharply earlier in the week alongside the broader optical/AI stock rally, but also argued the stock remains caught between hype and reality. Article Title

Wall Street Analyst Weigh In

A number of equities analysts have commented on POET shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of POET Technologies in a research report on Tuesday, April 21st. Wall Street Zen cut shares of POET Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, April 4th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, POET Technologies presently has a consensus rating of “Sell” and an average price target of $8.00.

POET Technologies Price Performance

The stock’s 50-day simple moving average is $10.31 and its 200 day simple moving average is $7.72. The stock has a market capitalization of $1.96 billion, a P/E ratio of -17.75 and a beta of 0.75.

POET Technologies (NASDAQ:POET) last released its quarterly earnings data on Thursday, May 14th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.04). The company had revenue of $0.50 million for the quarter, compared to the consensus estimate of $0.25 million. POET Technologies had a negative return on equity of 27.24% and a negative net margin of 5,786.60%. As a group, analysts expect that POET Technologies Inc. will post -0.18 earnings per share for the current fiscal year.

Institutional Investors Weigh In On POET Technologies

Institutional investors have recently modified their holdings of the business. Advisory Services Network LLC bought a new stake in shares of POET Technologies in the third quarter valued at about $25,000. Quarry LP bought a new stake in shares of POET Technologies in the fourth quarter valued at about $29,000. New Millennium Group LLC bought a new stake in shares of POET Technologies in the third quarter valued at about $27,000. SBI Securities Co. Ltd. boosted its position in shares of POET Technologies by 95.3% in the third quarter. SBI Securities Co. Ltd. now owns 8,487 shares of the company’s stock valued at $47,000 after acquiring an additional 4,142 shares during the period. Finally, Albion Financial Group UT boosted its position in shares of POET Technologies by 233.3% in the fourth quarter. Albion Financial Group UT now owns 10,000 shares of the company’s stock valued at $63,000 after acquiring an additional 7,000 shares during the period. Institutional investors own 1.99% of the company’s stock.

POET Technologies Company Profile

POET Technologies Inc is a Canadian fabless semiconductor company focused on the development and commercialization of integrated silicon photonics platforms. Leveraging proprietary POET Optical Interposer™ technology, the company designs and manufactures optical input/output (I/O) solutions that enable high-bandwidth, low-power data transmission between electronic chips and fiber-optic networks. By integrating optical waveguides, lasers, detectors and electronic drivers onto a single chip, POET aims to address the growing demand for faster, more energy-efficient data connectivity in telecommunications, data centers and high-performance computing applications.

The company’s core products include silicon photonics interposer arrays, active optical cables and optical transceiver modules.