The stock of NeoPhotonics Corp (NYSE:NPTN) is a huge mover today! About 4.02 million shares traded hands or 457.24% up from the average. NeoPhotonics Corp (NYSE:NPTN) has risen 6.04% since April 4, 2016 and is uptrending. It has outperformed by 4.95% the S&P500.
The move comes after 7 months negative chart setup for the $471.67M company. It was reported on Nov, 4 by Barchart.com. We have $10.04 PT which if reached, will make NYSE:NPTN worth $51.88M less.
Analysts await NeoPhotonics Corp (NYSE:NPTN) to report earnings on November, 7. They expect $0.09 earnings per share, 0.00% or $0.00 from last year’s $0.09 per share. NPTN’s profit will be $3.76 million for 31.33 P/E if the $0.09 EPS becomes a reality. After $0.11 actual earnings per share reported by NeoPhotonics Corp for the previous quarter, Wall Street now forecasts -18.18% negative EPS growth.
NeoPhotonics Corp (NYSE:NPTN) Ratings Coverage
Out of 6 analysts covering NeoPhotonics (NYSE:NPTN), 5 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 83% are positive. NeoPhotonics has been the topic of 10 analyst reports since August 7, 2015 according to StockzIntelligence Inc. On Wednesday, February 3 the stock rating was upgraded by Raymond James to “Strong Buy”. The stock has “Strong Buy” rating given by Needham on Monday, October 31. The firm has “Outperform” rating by Raymond James given on Monday, August 10. Needham maintained NeoPhotonics Corp (NYSE:NPTN) on Monday, September 12 with “Strong Buy” rating. Northland Capital initiated the shares of NPTN in a report on Tuesday, August 18 with “Outperform” rating. The rating was initiated by Piper Jaffray on Tuesday, February 23 with “Overweight”. The firm has “Neutral” rating by B. Riley & Co given on Friday, August 7. The company was downgraded on Friday, November 6 by Raymond James. The firm earned “Outperform” rating on Monday, December 7 by Northland Capital.
According to Zacks Investment Research, “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.”
Insitutional Activity: The institutional sentiment increased to 1.45 in Q2 2016. Its up 0.13, from 1.32 in 2016Q1. The ratio is positive, as 27 funds sold all NeoPhotonics Corp shares owned while 29 reduced positions. 27 funds bought stakes while 54 increased positions. They now own 26.69 million shares or 5.95% more from 25.19 million shares in 2016Q1.
Verity Asset last reported 0.22% of its portfolio in the stock. White Pine Capital Limited Liability Company last reported 0.6% of its portfolio in the stock. Us Savings Bank De holds 39,848 shares or 0% of its portfolio. Panagora Asset last reported 10,628 shares in the company. Moreover, Northpointe Capital Limited Liability Company has 1.78% invested in NeoPhotonics Corp (NYSE:NPTN) for 1.58M shares. Victory Mngmt, a Ohio-based fund reported 63,291 shares. Metropolitan Life Insurance Ny accumulated 21,562 shares or 0% of the stock. Aqr Cap Management Ltd Liability Company holds 0.01% of its portfolio in NeoPhotonics Corp (NYSE:NPTN) for 529,107 shares. Schwab Charles Investment Management Inc owns 41,863 shares or 0% of their US portfolio. Mufg Americas Holdg holds 0% of its portfolio in NeoPhotonics Corp (NYSE:NPTN) for 1,471 shares. Spark Limited Co holds 0.32% or 361,400 shares in its portfolio. Qs Investors Ltd Liability Corp owns 326,659 shares or 0.03% of their US portfolio. The North Carolina-based First Personal Service has invested 0% in NeoPhotonics Corp (NYSE:NPTN). Adirondack Research And Management, a New York-based fund reported 442,059 shares. Rhumbline Advisers last reported 0% of its portfolio in the stock.
Insider Transactions: Since July 25, 2016, the stock had 0 buys, and 9 insider sales for $1.60 million net activity. cheung Chiyue had sold 18,000 shares worth $230,710 on Monday, July 25. 7,333 NeoPhotonics Corp (NYSE:NPTN) shares with value of $108,462 were sold by Jenks Timothy Storrs. The insider Sitler Benjamin Lee sold $68,028. Wupen Yuen also sold $190,935 worth of NeoPhotonics Corp (NYSE:NPTN) on Tuesday, August 16. WALLIN RAY sold $145,530 worth of stock or 10,000 shares.
More notable recent NeoPhotonics Corp (NYSE:NPTN) news were published by: Fool.com which released: “Why NeoPhotonics Corp. Plunged Today” on November 04, 2016, also Seekingalpha.com with their article: “NeoPhotonics’ (NPTN) CEO Tim Jenks on Q3 2016 Results – Earnings Call Transcript” published on November 04, 2016, Fool.com published: “Why NeoPhotonics Corporation Fell 15% Today” on April 29, 2016. More interesting news about NeoPhotonics Corp (NYSE:NPTN) were released by: Fool.com and their article: “Why NeoPhotonics Corp Shares Jumped Today” published on July 25, 2016 as well as Benzinga.com‘s news article titled: “Mid-Afternoon Market Update: NeoPhotonics Drops After Disappointing Q3 Results …” with publication date: November 04, 2016.
NPTN Company Profile
NeoPhotonics Corporation, incorporated on October 31, 1996, develops, makes and markets optoelectronic products that transmit, receive and switch digital optical signals for communications networks. The Firm develops and makes 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. The Company’s products are categorized into groups, including High Speed Products and Network Products and Solutions. High Speed Products include products designed for 100G and beyond for telecom and datacenter or content well-known provider networks and applications. Network Products and Solutions consist of various products designed for applications below 100G, and include 40G products. The Firm combines its transmitter and receiver products into Transceiver modules. The Company’s Switching Products, such as Multi-Cast Switches, are used primarily in Reconfigurable Optical Add Drop Multiplexer (ROADM) nodes that allocate bandwidth to adjust for fast changing traffic patterns and for provisioning software defined networks.
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