Equities research analysts expect NeoPhotonics Corp (NYSE:NPTN) to post $82.68 million in sales for the current fiscal quarter, Zacks reports. Five analysts have made estimates for NeoPhotonics’ earnings. The highest sales estimate is $84.00 million and the lowest is $81.49 million. NeoPhotonics posted sales of $71.12 million during the same quarter last year, which would indicate a positive year over year growth rate of 16.3%. The company is expected to issue its next earnings results on Monday, November 5th.
According to Zacks, analysts expect that NeoPhotonics will report full-year sales of $321.11 million for the current year, with estimates ranging from $318.46 million to $323.70 million. For the next fiscal year, analysts anticipate that the business will report sales of $357.92 million, with estimates ranging from $347.30 million to $371.22 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow NeoPhotonics.
NeoPhotonics (NYSE:NPTN) last announced its earnings results on Monday, August 6th. The semiconductor company reported ($0.14) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.20) by $0.06. The business had revenue of $81.10 million during the quarter, compared to the consensus estimate of $73.56 million. NeoPhotonics had a negative net margin of 20.58% and a negative return on equity of 28.35%. The firm’s revenue was up 10.8% on a year-over-year basis. During the same period in the previous year, the company posted ($0.15) earnings per share.
Several research firms have recently issued reports on NPTN. Zacks Investment Research upgraded shares of NeoPhotonics from a “hold” rating to a “buy” rating and set a $10.00 price objective on the stock in a report on Saturday, August 11th. B. Riley upgraded shares of NeoPhotonics from a “neutral” rating to a “buy” rating and upped their price objective for the company from $6.50 to $10.00 in a report on Tuesday, August 7th. DA Davidson upped their price objective on shares of NeoPhotonics from $6.00 to $7.50 and gave the company a “neutral” rating in a report on Tuesday, August 7th. ValuEngine upgraded shares of NeoPhotonics from a “hold” rating to a “buy” rating in a report on Friday, August 3rd. Finally, Rosenblatt Securities set a $13.00 price objective on shares of NeoPhotonics and gave the company a “buy” rating in a report on Saturday, July 28th. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company. NeoPhotonics currently has a consensus rating of “Buy” and an average target price of $10.00.
In other NeoPhotonics news, VP Yuen Wupen sold 22,877 shares of the company’s stock in a transaction that occurred on Tuesday, August 28th. The stock was sold at an average price of $8.91, for a total value of $203,834.07. Following the sale, the vice president now owns 48,265 shares in the company, valued at approximately $430,041.15. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO Chiyue Cheung sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, September 10th. The stock was sold at an average price of $8.11, for a total value of $81,100.00. Following the completion of the sale, the chief operating officer now owns 5,000 shares in the company, valued at approximately $40,550. The disclosure for this sale can be found here. 16.70% of the stock is owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the business. Northern Trust Corp raised its stake in NeoPhotonics by 3.2% in the 2nd quarter. Northern Trust Corp now owns 367,791 shares of the semiconductor company’s stock valued at $2,291,000 after purchasing an additional 11,554 shares during the last quarter. Fox Run Management L.L.C. acquired a new position in NeoPhotonics in the 3rd quarter valued at $100,000. Bank of Montreal Can raised its stake in NeoPhotonics by 23.3% in the 3rd quarter. Bank of Montreal Can now owns 85,122 shares of the semiconductor company’s stock valued at $707,000 after purchasing an additional 16,061 shares during the last quarter. Levin Capital Strategies L.P. acquired a new position in NeoPhotonics in the 1st quarter valued at $137,000. Finally, IPG Investment Advisors LLC acquired a new position in NeoPhotonics in the 2nd quarter valued at $125,000. Institutional investors and hedge funds own 74.49% of the company’s stock.
NeoPhotonics stock traded up $0.43 during trading hours on Wednesday, reaching $7.58. The stock had a trading volume of 501,635 shares, compared to its average volume of 819,889. The company has a market capitalization of $376.01 million, a PE ratio of -6.89 and a beta of 1.10. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.35 and a current ratio of 1.81. NeoPhotonics has a 52 week low of $4.56 and a 52 week high of $9.27.
NeoPhotonics Company Profile
NeoPhotonics Corporation develops, manufactures, and sells optoelectronic products that transmit, receive, and switch high speed digital optical signals for communications networks. It offers high speed products, including transmitter, receiver, and switching products for 100G (gigabits per second) and optical transmission applications over distances of 2 to 2,000 kilometers; optical components for coherent systems, including narrow linewidth tunable transmit and local oscillator lasers (NLW-ITLA) that generate ultra-pure wavelength or color for coherent transmission, as well as coherent micro-modulators, which encode the information on the intensity and phase of the optical beam; and integrated coherent receivers (ICRs) that decode the phase and polarization encoded coherent signals.
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