The stock of NeoPhotonics Corp (NYSE:NPTN) is a huge mover today! About 561,430 shares traded hands. NeoPhotonics Corp (NYSE:NPTN) has risen 28.32% since March 2, 2016 and is uptrending. It has outperformed by 20.06% the S&P500.
The move comes after 9 months positive chart setup for the $716.90M company. It was reported on Oct, 5 by Barchart.com. We have $25.50 PT which if reached, will make NYSE:NPTN worth $344.11 million more.
Analysts await NeoPhotonics Corp (NYSE:NPTN) to report earnings on November, 7. They expect $0.09 EPS, 0.00% or $0.00 from last year’s $0.09 per share. NPTN’s profit will be $3.74M for 47.86 P/E if the $0.09 EPS becomes a reality. After $0.11 actual EPS 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 9 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The rating was maintained by Northland Capital with “Outperform” on Monday, December 7. The stock of NeoPhotonics Corp (NYSE:NPTN) earned “Outperform” rating by Raymond James on Monday, August 10. The stock has “Outperform” rating given by Northland Capital on Tuesday, August 18. Needham maintained the stock with “Strong Buy” rating in Monday, September 12 report. The stock of NeoPhotonics Corp (NYSE:NPTN) has “Outperform” rating given on Friday, November 6 by Raymond James. The company was initiated on Tuesday, February 23 by Piper Jaffray. The stock has “Strong Buy” rating given by Raymond James on Wednesday, February 3. The stock of NeoPhotonics Corp (NYSE:NPTN) has “Neutral” rating given on Friday, August 7 by B. Riley & Co.
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 2016 Q2. 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.
Walleye Trading Limited Liability Company, a Minnesota-based fund reported 8,830 shares. Herald Invest, a United Kingdom-based fund reported 100,000 shares. Spark Investment Management Ltd Liability owns 361,400 shares or 0.32% of their US portfolio. Renaissance Tech Limited Liability accumulated 1.15 million shares or 0.02% of the stock. Quantbot Lp owns 11,149 shares or 0.01% of their US portfolio. Wfg Advsrs L P holds 0.01% of its portfolio in NeoPhotonics Corp (NYSE:NPTN) for 3,800 shares. Systematic Mgmt L P has invested 0.04% of its portfolio in NeoPhotonics Corp (NYSE:NPTN). The New York-based Highbridge Cap Mgmt Ltd Liability Company has invested 0.02% in NeoPhotonics Corp (NYSE:NPTN). The Switzerland-based Credit Suisse Ag has invested 0% in NeoPhotonics Corp (NYSE:NPTN). Geode Cap Management Lc has 0% invested in the company for 468,082 shares. Moreover, Royal National Bank & Trust Of Canada has 0% invested in NeoPhotonics Corp (NYSE:NPTN) for 1,576 shares. Panagora Asset Inc last reported 0% of its portfolio in the stock. Marvin Palmer Associate owns 220,400 shares or 2.85% of their US portfolio. California State Teachers Retirement Sys, a California-based fund reported 64,642 shares. The Alabama-based Regions has invested 0.01% in NeoPhotonics Corp (NYSE:NPTN).
Insider Transactions: Since April 11, 2016, the stock had 0 insider buys, and 15 insider sales for $2.31 million net activity. On Wednesday, April 27 WALLIN RAY sold $90,184 worth of the stock or 6,672 shares. Another trade for 15,000 shares valued at $207,000 was made by cheung Chiyue on Friday, August 5. $68,028 worth of NeoPhotonics Corp (NYSE:NPTN) shares were sold by Sitler Benjamin Lee. Wupen Yuen had sold 6,271 shares worth $84,935. Another trade for 7,333 shares valued at $108,462 was sold by Jenks Timothy Storrs.
More recent NeoPhotonics Corp (NYSE:NPTN) news were published by: Fool.com which released: “Why NeoPhotonics Corp Shares Jumped Today” on July 25, 2016. Also Fool.com published the news titled: “Why NeoPhotonics Corporation Fell 15% Today” on April 29, 2016. Zacks.com‘s news article titled: “NeoPhotonics Corp (NPTN) in Focus: Stock Moves 6% Higher” with publication date: September 13, 2016 was also an interesting one.
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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