News stories about NeoPhotonics (NYSE:NPTN) have been trending somewhat positive recently, Accern Sentiment reports. The research group rates the sentiment of media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. NeoPhotonics earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned media stories about the semiconductor company an impact score of 46.2347206198291 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
A number of analysts recently commented on the company. B. Riley lifted their price objective on NeoPhotonics from $5.75 to $6.50 and gave the stock a “neutral” rating in a research report on Wednesday, May 9th. Northland Securities restated a “buy” rating and set a $10.50 target price on shares of NeoPhotonics in a research report on Monday, March 19th. ValuEngine upgraded NeoPhotonics from a “sell” rating to a “hold” rating in a research report on Tuesday, May 8th. Needham & Company LLC restated a “strong-buy” rating and set a $9.00 target price (up from $8.00) on shares of NeoPhotonics in a research report on Friday, March 2nd. Finally, Zacks Investment Research lowered NeoPhotonics from a “hold” rating to a “sell” rating in a research report on Tuesday, May 15th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $9.00.
Shares of NeoPhotonics stock traded down $0.09 during trading on Friday, hitting $6.36. 25,288 shares of the company were exchanged, compared to its average volume of 551,131. The firm has a market capitalization of $294.53 million, a P/E ratio of -5.81 and a beta of 0.97. NeoPhotonics has a 1-year low of $4.56 and a 1-year high of $8.73. The company has a current ratio of 1.77, a quick ratio of 1.29 and a debt-to-equity ratio of 0.26.
NeoPhotonics (NYSE:NPTN) last posted its earnings results on Tuesday, May 8th. The semiconductor company reported ($0.33) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.26) by ($0.07). The company had revenue of $68.59 million for the quarter, compared to analyst estimates of $69.65 million. NeoPhotonics had a negative return on equity of 26.15% and a negative net margin of 20.72%. NeoPhotonics’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.25) earnings per share. research analysts anticipate that NeoPhotonics will post -0.94 EPS for the current fiscal year.
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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