Rubicon Technology (RBCN) to Release Earnings on Tuesday
Rubicon Technology (NASDAQ:RBCN) is scheduled to be releasing its Q313 earnings data on Tuesday, October 29th. Analysts expect Rubicon Technology to post earnings of ($0.22) per share and revenue of $10.88 million for the quarter.
Rubicon Technology (NASDAQ:RBCN) last posted its quarterly earnings results on Wednesday, August 7th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by $0.05. The company had revenue of $10.60 million for the quarter, compared to the consensus estimate of $10.82 million. During the same quarter in the previous year, the company posted ($0.06) earnings per share. The company’s revenue for the quarter was down 38.2% on a year-over-year basis. On average, analysts expect Rubicon Technology to post $-0.75 EPS for the current fiscal year and $-0.05 EPS for the next fiscal year.
Shares of Rubicon Technology (NASDAQ:RBCN) opened at 9.25 on Monday. Rubicon Technology has a one year low of $4.83 and a one year high of $12.42. The stock’s 50-day moving average is $10.3 and its 200-day moving average is $7.91. The company’s market cap is $209.4 million.
A number of research firms have recently commented on RBCN. Analysts at UBS AG reiterated a “hold” rating on shares of Rubicon Technology in a research note to investors on Tuesday, October 1st. They now have a $14.25 price target on the stock. On the ratings front, analysts at Canaccord Genuity raised their price target on shares of Rubicon Technology from $12.00 to $15.00 in a research note to investors on Tuesday, October 1st. They now have a “buy” rating on the stock. Finally, analysts at Oppenheimer downgraded shares of Rubicon Technology from a “market perform” rating to an “underperform” rating in a research note to investors on Tuesday, October 1st. They now have a $9.00 price target on the stock, down previously from $11.65. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $11.03.
Rubicon Technology, Inc manufactures synthetic electronic materials for opto-electronic, semiconductor fabrication, telecommunications, and optical & laser applications.
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