POET Technologies (NASDAQ:POET) Trading Up 7.6% – Here’s Why

Posted by Geri Gentry on Jul 14th, 2026

POET Technologies Inc. (NASDAQ:POET – Get Free Report)’s share price was up 7.6% during mid-day trading on Tuesday . The company traded as high as $8.62 and last traded at $8.6050. 6,991,068 shares changed hands during mid-day trading, a decline of 72% from the average session volume of 25,168,682 shares. The stock had previously closed at $8.00.

Analyst Ratings Changes

Several equities analysts recently commented on POET shares. Wall Street Zen lowered shares of POET Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, April 4th. Weiss Ratings reiterated a “sell (d-)” rating on shares of POET Technologies in a report on Tuesday, April 21st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell” and an average price target of $8.00.

Check Out Our Latest Research Report on POET

POET Technologies Stock Performance

The company’s fifty day moving average is $11.97 and its two-hundred day moving average is $8.64. The firm has a market cap of $1.33 billion, a price-to-earnings ratio of -12.06 and a beta of 0.75.

POET Technologies (NASDAQ:POET – Get Free Report) last announced its quarterly earnings results on Thursday, May 14th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.04). POET Technologies had a negative net margin of 5,786.60% and a negative return on equity of 27.24%. The company had revenue of $0.50 million during the quarter, compared to analyst estimates of $0.25 million. As a group, analysts forecast that POET Technologies Inc. will post -0.24 earnings per share for the current fiscal year.

Institutional Investors Weigh In On POET Technologies

Institutional investors and hedge funds have recently modified their holdings of the stock. Jump Financial LLC purchased a new stake in shares of POET Technologies during the 2nd quarter valued at about $619,000. Raymond James Financial Inc. boosted its holdings in POET Technologies by 253.1% in the 2nd quarter. Raymond James Financial Inc. now owns 235,992 shares of the company’s stock worth $1,230,000 after acquiring an additional 169,158 shares during the period. Osaic Holdings Inc. boosted its holdings in POET Technologies by 22.3% in the 2nd quarter. Osaic Holdings Inc. now owns 34,735 shares of the company’s stock worth $181,000 after acquiring an additional 6,340 shares during the period. Virtu Financial LLC acquired a new stake in POET Technologies in the third quarter valued at approximately $382,000. Finally, Brevan Howard Capital Management LP acquired a new stake in POET Technologies in the third quarter valued at approximately $117,000. Hedge funds and other institutional investors own 1.99% of the company’s stock.

POET Technologies Company Profile

(Get Free Report)

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.