The stock of NeoPhotonics Corp (NYSE:NPTN) is a huge mover today! About 1.07M shares traded hands or 3.88% up from the average. NeoPhotonics Corp (NYSE:NPTN) has risen 42.29% since March 7, 2016 and is uptrending. It has outperformed by 34.70% the S&P500.
The move comes after 7 months negative chart setup for the $653.25M company. It was reported on Oct, 10 by Barchart.com. We have $14.43 PT which if reached, will make NYSE:NPTN worth $52.26M less.
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 $3.75M for 43.58 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. B. Riley & Co downgraded the stock to “Neutral” rating in Friday, August 7 report. As per Friday, November 6, the company rating was downgraded by Raymond James. The firm has “Outperform” rating given on Monday, December 7 by Northland Capital. The stock of NeoPhotonics Corp (NYSE:NPTN) earned “Outperform” rating by Northland Capital on Tuesday, August 18. The rating was initiated by Piper Jaffray with “Overweight” on Tuesday, February 23. The stock of NeoPhotonics Corp (NYSE:NPTN) earned “Strong Buy” rating by Raymond James on Wednesday, February 3. The rating was upgraded by Raymond James on Monday, August 10 to “Outperform”. On Monday, September 12 the stock rating was maintained by Needham with “Strong Buy”.
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 increased, 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.
Friess Lc last reported 0.06% of its portfolio in the stock. First Personal Financial Serv has 518 shares for 0% of their US portfolio. Petrus Trust Co Lta holds 12,494 shares or 0.03% of its portfolio. Moreover, Blackrock has 0% invested in NeoPhotonics Corp (NYSE:NPTN) for 15,517 shares. Marvin And Palmer Associate owns 220,400 shares or 2.85% of their US portfolio. Dimensional Fund Advisors Lp last reported 0.01% of its portfolio in the stock. The Illinois-based Northern Trust has invested 0% in NeoPhotonics Corp (NYSE:NPTN). Natl Bank Of New York Mellon has 108,757 shares for 0% of their US portfolio. Northpointe Cap Limited Liability Com holds 1.78% or 1.58 million shares in its portfolio. Shaker Investments Oh holds 70,700 shares or 0.61% of its portfolio. Fisher Asset Ltd Com has 0.01% invested in the company for 284,879 shares. Bluecrest Mgmt accumulated 40,704 shares or 0.02% of the stock. Moreover, Quantbot Limited Partnership has 0.01% invested in NeoPhotonics Corp (NYSE:NPTN) for 11,149 shares. Thompson Davis & last reported 0.01% of its portfolio in the stock. Moreover, Group Inc One Trading L P has 0% invested in NeoPhotonics Corp (NYSE:NPTN) for 4,003 shares.
Insider Transactions: Since April 11, 2016, the stock had 0 insider purchases, and 12 sales for $1.96 million net activity. Another trade for 17,664 shares valued at $238,937 was made by WALLIN RAY on Monday, April 11. Wupen Yuen sold 6,271 shares worth $84,935. 5,669 shares were sold by Sitler Benjamin Lee, worth $68,028. cheung Chiyue also sold $230,710 worth of NeoPhotonics Corp (NYSE:NPTN) shares. 7,333 NeoPhotonics Corp (NYSE:NPTN) shares with value of $108,462 were sold by Jenks Timothy Storrs.
More important 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 article titled: “Why NeoPhotonics Corporation Fell 15% Today”, Reuters.com published: “BRIEF-NeoPhotonics corp entered amendment to revolving credit and term loa…” on October 06, 2016. More interesting news about NeoPhotonics Corp (NYSE:NPTN) was released by: Zacks.com and their article: “NeoPhotonics Corp (NPTN) in Focus: Stock Moves 6% Higher” with publication date: September 13, 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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