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 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.
Read More: Analyst Ratings Trading
Receive News & Ratings for NeoPhotonics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NeoPhotonics and related companies with MarketBeat.com's FREE daily email newsletter.