NeoPhotonics Corporation (NPTN) Given Coverage Optimism Rating of 0.16
News headlines about NeoPhotonics Corporation (NYSE:NPTN) have trended somewhat positive recently, according to Accern. The research group identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. NeoPhotonics Corporation earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned news stories about the semiconductor company an impact score of 46.673216604339 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news stories that may have effected Accern’s rankings:
- Active Stock Picking: Neophotonics Corp (NPTN) – AppsforPCdaily (appsforpcdaily.com)
- NeoPhotonics Corporation (NPTN) is at $4.98 per share and GTT Communications, Inc. (GTT) is listed at $34.95 – Stocks Gallery (stocksgallery.com)
- 8 Stocks are Having Gaps Down Today – XXII, ODP, ICON, CENX, NPTN, LIFE, DXR (fxpips.com)
- NeoPhotonics Corp : NeoPhotonics, Pre-Earnings Guidance, Restructuring Actions, Financial Review (4-traders.com)
A number of equities research analysts have recently issued reports on NPTN shares. Raymond James Financial, Inc. dropped their price target on NeoPhotonics Corporation from $8.00 to $7.00 and set an “outperform” rating for the company in a research report on Thursday, August 24th. ValuEngine lowered NeoPhotonics Corporation from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 11th. BidaskClub lowered NeoPhotonics Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, September 8th. Craig Hallum restated a “buy” rating and issued a $8.50 price target on shares of NeoPhotonics Corporation in a research report on Friday, October 6th. Finally, UBS AG lowered NeoPhotonics Corporation from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 5th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. NeoPhotonics Corporation has a consensus rating of “Hold” and an average price target of $8.92.
Shares of NeoPhotonics Corporation (NYSE:NPTN) traded up $0.17 during trading on Monday, reaching $4.75. The company had a trading volume of 1,939,404 shares, compared to its average volume of 1,629,232. NeoPhotonics Corporation has a 52 week low of $4.56 and a 52 week high of $14.00. The company has a quick ratio of 1.14, a current ratio of 1.68 and a debt-to-equity ratio of 0.05.
NeoPhotonics Corporation (NYSE:NPTN) last issued its quarterly earnings data on Thursday, August 3rd. The semiconductor company reported ($0.15) earnings per share for the quarter, topping the consensus estimate of ($0.25) by $0.10. The company had revenue of $73.20 million during the quarter, compared to analyst estimates of $71.11 million. NeoPhotonics Corporation had a negative return on equity of 9.43% and a negative net margin of 7.28%. The firm’s revenue for the quarter was down 26.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.15 earnings per share. equities research analysts predict that NeoPhotonics Corporation will post -1 EPS for the current year.
NeoPhotonics Corporation Company Profile
NeoPhotonics Corporation develops, manufactures and markets optoelectronic products that transmit, receive and switch digital optical signals for communications networks. The Company develops and manufactures Transmitter Products, Receiver Products and Switch Products that are used in ultra-high speed digital optical communications, high speed switching and provisioning, and access connections for wireless and fiber-to-the-home communications networks.
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