A number of firms have modified their ratings and price targets on shares of NeoPhotonics Corporation (NYSE: NPTN) recently:

  • 8/9/2017 – NeoPhotonics Corporation had its “neutral” rating reaffirmed by analysts at B. Riley. They now have a $6.25 price target on the stock.
  • 8/5/2017 – NeoPhotonics Corporation was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 8/4/2017 – NeoPhotonics Corporation had its “neutral” rating reaffirmed by analysts at B. Riley. They now have a $6.25 price target on the stock.
  • 8/4/2017 – NeoPhotonics Corporation had its “buy” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $8.50 price target on the stock.
  • 7/27/2017 – NeoPhotonics Corporation was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong sell” rating. According to Zacks, “NeoPhotonics Corporation is engaged in the design and manufacture of photonic integrated circuit, or PIC, based modules and subsystems for bandwidth-intensive, high-speed communications networks. Products offered by the Company includes high-speed products that enable data transmission at 10Gbps, 40Gbps and 100Gbps, agility products such as ROADMs that dynamically allocate bandwidth to adjust for volatile traffic patterns, and access products that provide high-bandwidth connections to more devices and people over fixed and wireless networks. “
  • 7/24/2017 – NeoPhotonics Corporation had its “outperform” rating reaffirmed by analysts at Raymond James Financial, Inc.. They now have a $9.00 price target on the stock.
  • 7/11/2017 – NeoPhotonics Corporation was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating.
  • 7/6/2017 – NeoPhotonics Corporation was upgraded by analysts at Zacks Investment Research from a “strong sell” rating to a “hold” rating. According to Zacks, “NeoPhotonics Corporation is engaged in the design and manufacture of photonic integrated circuit, or PIC, based modules and subsystems for bandwidth-intensive, high-speed communications networks. Products offered by the Company includes high-speed products that enable data transmission at 10Gbps, 40Gbps and 100Gbps, agility products such as ROADMs that dynamically allocate bandwidth to adjust for volatile traffic patterns, and access products that provide high-bandwidth connections to more devices and people over fixed and wireless networks. “
  • 6/29/2017 – NeoPhotonics Corporation is now covered by analysts at DA Davidson. They set a “neutral” rating and a $9.00 price target on the stock.
  • 6/23/2017 – NeoPhotonics Corporation had its “buy” rating reaffirmed by analysts at Northland Securities. They now have a $10.00 price target on the stock.
  • 6/12/2017 – NeoPhotonics Corporation had its “strong-buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $13.00 price target on the stock.

Shares of NeoPhotonics Corporation (NPTN) traded down 2.76% during midday trading on Wednesday, reaching $6.34. 1,742,369 shares of the company were exchanged. The stock has a 50-day moving average price of $8.15 and a 200 day moving average price of $9.09. The company’s market capitalization is $273.11 million. NeoPhotonics Corporation has a 52-week low of $6.28 and a 52-week high of $18.51.

NeoPhotonics Corporation (NYSE:NPTN) last posted its earnings results on Thursday, August 3rd. The semiconductor company reported ($0.15) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.10. The company had revenue of $73.20 million during the quarter, compared to analysts’ expectations of $71.11 million. NeoPhotonics Corporation had a negative net margin of 7.28% and a negative return on equity of 9.35%. NeoPhotonics Corporation’s quarterly revenue was down 26.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.15 EPS. Equities research analysts expect that NeoPhotonics Corporation will post ($0.56) EPS for the current fiscal year.

In other news, Director Michael J. Sophie sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $8.45, for a total value of $33,800.00. Following the completion of the transaction, the director now directly owns 18,318 shares in the company, valued at approximately $154,787.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Chiyue Cheung sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $7.66, for a total transaction of $76,600.00. Following the completion of the transaction, the chief operating officer now owns 10,000 shares of the company’s stock, valued at $76,600. The disclosure for this sale can be found here. Insiders sold a total of 359,300 shares of company stock valued at $3,243,816 in the last quarter. Corporate insiders own 17.30% of the company’s stock.

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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