The stock of NeoPhotonics Corp (NYSE:NPTN) is a huge mover today! The stock decreased 4.93% or $0.67 on November 30, hitting $12.92. About 700,872 shares traded hands. NeoPhotonics Corp (NYSE:NPTN) has declined 1.88% since April 27, 2016 and is downtrending. It has underperformed by 7.10% the S&P500.
The move comes after 9 months negative chart setup for the $548.44 million company. It was reported on Nov, 30 by Barchart.com. We have $11.89 PT which if reached, will make NYSE:NPTN worth $43.88 million less.
Analysts await NeoPhotonics Corp (NYSE:NPTN) to report earnings on March, 7. They expect $0.12 earnings per share, up 9.09% or $0.01 from last year’s $0.11 per share. NPTN’s profit will be $5.09M for 26.92 P/E if the $0.12 EPS becomes a reality. After $-0.09 actual earnings per share reported by NeoPhotonics Corp for the previous quarter, Wall Street now forecasts -233.33% 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. The firm earned “Overweight” rating on Tuesday, February 23 by Piper Jaffray. Raymond James downgraded the shares of NPTN in a report on Friday, November 6 to “Outperform” rating. On Monday, December 7 the stock rating was maintained by Northland Capital with “Outperform”. The stock of NeoPhotonics Corp (NYSE:NPTN) has “Strong Buy” rating given on Monday, September 12 by Needham. As per Monday, August 10, the company rating was upgraded by Raymond James. The stock of NeoPhotonics Corp (NYSE:NPTN) has “Strong Buy” rating given on Wednesday, February 3 by Raymond James. The stock has “Strong Buy” rating given by Needham on Monday, October 31. The stock has “Outperform” rating given by Northland Capital on Tuesday, August 18. As per Friday, August 7, the company rating was downgraded 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 decreased to 1 in 2016 Q2. Its down 0.45, from 1.45 in 2016Q1. The ratio turned negative, 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.
Wall Street Associates has 0.68% invested in the company for 177,500 shares. Blackrock Llc holds 0% or 126,505 shares in its portfolio. Ativo Capital Mgmt Limited Co holds 0.16% or 68,920 shares in its portfolio. Teacher Retirement Of Texas accumulated 3,956 shares or 0% of the stock. Teachers Advsr last reported 46,335 shares in the company. Goldman Sachs Grp Inc Incorporated reported 16,614 shares or 0% of all its holdings. Voya Inv Mngmt Ltd Llc has invested 0% of its portfolio in NeoPhotonics Corp (NYSE:NPTN). Citigroup last reported 0% of its portfolio in the stock. Tiaa Cref Mgmt Limited Company holds 0% of its portfolio in NeoPhotonics Corp (NYSE:NPTN) for 174,309 shares. Deutsche State Bank Ag last reported 42,243 shares in the company. The California-based Blackrock Fund Advisors has invested 0% in NeoPhotonics Corp (NYSE:NPTN). Moreover, Morgan Stanley has 0% invested in NeoPhotonics Corp (NYSE:NPTN) for 57,842 shares. Moreover, Suffolk Cap Limited Liability Co has 0.31% invested in NeoPhotonics Corp (NYSE:NPTN) for 252,357 shares. Legal General Group Incorporated Public Ltd Co accumulated 4,009 shares or 0% of the stock. Shaker Investments Limited Liability Oh, a Ohio-based fund reported 70,700 shares.
Insider Transactions: Since July 25, 2016, the stock had 0 insider purchases, and 9 insider sales for $1.60 million net activity. Another trade for 5,669 shares valued at $68,028 was sold by Sitler Benjamin Lee. Wupen Yuen sold $51,000 worth of stock. 7,333 shares were sold by Jenks Timothy Storrs, worth $108,462. WALLIN RAY also sold $145,530 worth of NeoPhotonics Corp (NYSE:NPTN) shares. Another trade for 18,000 shares valued at $230,710 was sold by cheung Chiyue.
More recent NeoPhotonics Corp (NYSE:NPTN) news were published by: Fool.com which released: “Why NeoPhotonics Corporation Fell 15% Today” on April 29, 2016. Also Fool.com published the news titled: “Why NeoPhotonics Corp Shares Jumped Today” on July 25, 2016. Finance.Yahoo.com‘s news article titled: “What Falling Estimates & Price Mean for NeoPhotonics Corp. (NPTN)” with publication date: November 18, 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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