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POET does not currently pay a dividend.
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POET Technologies Inc., together with its subsidiaries, designs, develops, manufactures, and sells semiconductor products and services for commercial applications in the United States, Canada, Singapore, and China. The company offers photonic integrated packaging solutions based on the POET Optical Interposer, a novel platform that allows the seamless integration of electronic and photonic devices onto a single chip using advanced wafer-level semiconductor manufacturing techniques. It also designs and develops photonic integrated circuits and optical engines based on the POET Optical…
POET Technologies (NASDAQ:POET) builds optical interposers and photonic engines that let hyperscale data centers move data with light instead of copper.
POET Technologies is rated Strong Buy following a sharp sell-off, with shares now trading below $8 and nearly two-thirds of market cap in cash. POET's $400 million capital raise at $21/share has fortified its balance sheet, enabling aggressive manufacturing expansion and workforce growth to meet strong order demand. Management targets 1 million unit production capacity by 2027, with the current customer pipeline stretching operational capacity.
POET Technologies (NASDAQ:POET) trades at $8.46, well off its 52-week high of $20.81.
Shares of POET Technologies Inc (NASDAQ:POET) are trading 2.8% lower at $8.08 this afternoon, continuing their consolidation around the $8 floor and extending a pullback from mid-May highs.
AI data center operators are staring down a bandwidth wall, and the fastest way over it runs through glass, not copper.