NeoPhotonics (NPTN) Releases Q4 Earnings Guidance

NeoPhotonics (NYSE:NPTN) updated its fourth quarter earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $0.00-0.04 for the period, compared to the Thomson Reuters consensus estimate of ($0.03). The company issued revenue guidance of $90-92 million, compared to the consensus revenue estimate of $89.58 million.

A number of equities research analysts have recently weighed in on the company. ValuEngine downgraded NeoPhotonics from a strong-buy rating to a buy rating in a report on Wednesday, January 2nd. Rosenblatt Securities set a $13.00 target price on NeoPhotonics and gave the stock a buy rating in a report on Monday, December 10th. B. Riley downgraded NeoPhotonics from a buy rating to a neutral rating and dropped their target price for the stock from $11.00 to $8.25 in a report on Thursday, December 6th. Zacks Investment Research downgraded NeoPhotonics from a buy rating to a hold rating in a report on Friday, November 9th. Finally, Piper Jaffray Companies boosted their price target on NeoPhotonics from $7.00 to $8.00 and gave the company a neutral rating in a research note on Monday, November 5th. Four analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. NeoPhotonics has an average rating of Buy and an average price target of $9.53.

NPTN stock opened at $7.18 on Monday. The stock has a market capitalization of $326.95 million, a P/E ratio of -6.53 and a beta of 1.25. NeoPhotonics has a 52 week low of $4.95 and a 52 week high of $9.48. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.04 and a quick ratio of 1.51.

NeoPhotonics (NYSE:NPTN) last posted its quarterly earnings results on Friday, November 2nd. The semiconductor company reported ($0.05) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.19) by $0.14. The business had revenue of $81.75 million during the quarter, compared to the consensus estimate of $82.60 million. NeoPhotonics had a negative return on equity of 26.53% and a negative net margin of 16.60%. NeoPhotonics’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.14) earnings per share. On average, sell-side analysts predict that NeoPhotonics will post -0.82 earnings per share for the current fiscal year.

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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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