Impact of Brokerage Rating on NeoPhotonics Corporation(NPTN)

Many NeoPhotonics Corporation(NPTN) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. NeoPhotonics Corp was Reiterated by Needham on Dec 20, 2016 to Strong Buy, Lowers Price Target to $ 17 from a previous price target of $24 .

Company has reported several Insider transactions to the SEC, on Aug 19, 2016, Timothy Storrs Jenks (CEO) sold 22,666 shares at 15.04 per share price.On Aug 19, 2016, Yuen Wupen (VICE PRESIDENT GLOBAL PRODUCT) sold 3,400 shares at 15.00 per share price.On Aug 16, 2016, Ray Wallin (SVP, CFO) sold 10,000 shares at 14.55 per share price.

NeoPhotonics Corp Last issued its quarterly earnings results on Nov 3, 2016. The company reported $0.06 EPS for the quarter, missing the analyst consensus estimate by $ -0.08. Analyst had a consensus of $0.14. The company had revenue of $103.31 million for the quarter, compared to analysts expectations of $104.04 million. The companys revenue was up 23.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.11 EPS.

NeoPhotonics Corporation (NYSE:NPTN) has received a short term rating of strong sell from experts at Zacks with a rank of 5. The stock has been rated an average of 1.33 by 6 Brokerage Firm. 5 Wall Street Firms have rated the stock as a strong buys. 1 Brokerage Firms have advised hold.

NeoPhotonics Corporation (NYSE:NPTN): The mean short term price target for NeoPhotonics Corporation (NYSE:NPTN) has been established at $14.08 per share. The higher price target estimate is at $17 and the lower price target estimate is expected at $11 according to 6 Analyst. The stock price is expected to vary based on the estimate which is suggested by the standard deviation value of $2.29

NeoPhotonics Corporation (NYSE:NPTN) rose 3.7% or 0.43 points on Tuesday and made its way into the gainers of the day. After trading began at $11.76 the stock was seen hitting $12.26 as a peak level and $11.69 as the lowest level. The stock ended up at $12.05. The daily volume was measured at 990,313 shares. The 52-week high of the share price is $18.51 and the 52-week low is $8.49. The company has a market cap of $510 million.

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.


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