AXT (AXTI) to Release Earnings on Wednesday

AXT (NASDAQ:AXTI) will be posting its quarterly earnings results after the market closes on Wednesday, October 31st. Analysts expect AXT to post earnings of $0.10 per share for the quarter.

Shares of AXTI opened at $6.15 on Tuesday. AXT has a 52-week low of $5.80 and a 52-week high of $10.75. The company has a market capitalization of $242.20 million, a P/E ratio of 23.65, a price-to-earnings-growth ratio of 1.14 and a beta of 1.09.

Several equities analysts recently issued reports on the company. ValuEngine lowered AXT from a “hold” rating to a “sell” rating in a research report on Friday, August 17th. Zacks Investment Research lowered AXT from a “buy” rating to a “hold” rating in a research report on Tuesday, July 31st. B. Riley boosted their price objective on AXT from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Friday, July 20th. BidaskClub lowered AXT from a “sell” rating to a “strong sell” rating in a research report on Wednesday, September 12th. Finally, Dougherty & Co reiterated a “buy” rating on shares of AXT in a research report on Wednesday, August 1st. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $9.75.

AXT Company Profile

AXT, Inc designs, develops, manufactures, and distributes compound and single element semiconductor substrates. It manufactures semiconductor substrates using its proprietary vertical gradient freeze technology. The company offers indium phosphide (InP) for use in fiber optic lasers and detectors, passive optical networks, data center connectivity, silicon photonics, photonic integrated circuits, terrestrial solar cells, lasers, military wireless RF amplifiers, infrared motion control, and infrared thermal imaging products.

Featured Story: Compound Annual Growth Rate (CAGR)

Earnings History for AXT (NASDAQ:AXTI)

Receive News & Ratings for AXT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AXT and related companies with's FREE daily email newsletter.

Leave a Reply