NeoPhotonics (NPTN) Issues Q4 Earnings Guidance

NeoPhotonics (NYSE:NPTN) issued an update on its fourth quarter earnings guidance on Friday morning. The company provided EPS guidance of (0.08-0.02) for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.03). The company issued revenue guidance of $87-92 million, compared to the consensus revenue estimate of $88.69 million.NeoPhotonics also updated its Q4 2018 guidance to $-0.08-0.02 EPS.

NPTN stock opened at $8.97 on Friday. The company has a quick ratio of 1.35, a current ratio of 1.81 and a debt-to-equity ratio of 0.27. The company has a market cap of $363.78 million, a P/E ratio of -8.15 and a beta of 1.09. NeoPhotonics has a 52 week low of $4.56 and a 52 week high of $9.27.

NeoPhotonics (NYSE:NPTN) last posted its quarterly earnings results on Friday, November 2nd. The semiconductor company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.06. The business had revenue of $81.75 million during the quarter, compared to analysts’ expectations of $82.60 million. NeoPhotonics had a negative net margin of 20.58% and a negative return on equity of 28.35%. The firm’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same period last year, the company posted ($0.14) earnings per share. As a group, analysts anticipate that NeoPhotonics will post -0.87 earnings per share for the current year.

NPTN has been the subject of several research reports. Zacks Investment Research upgraded shares of NeoPhotonics from a hold rating to a buy rating and set a $10.00 price target for the company in a report on Saturday, August 11th. B. Riley upgraded shares of NeoPhotonics from a neutral rating to a buy rating and raised their price target for the stock from $6.50 to $10.00 in a report on Tuesday, August 7th. DA Davidson raised their price target on shares of NeoPhotonics from $6.00 to $7.50 and gave the stock 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 target on shares of NeoPhotonics and gave the stock a buy rating in a report on Saturday, July 28th. Two research 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. The stock has an average rating of Buy and a consensus price target of $10.00.

In other NeoPhotonics news, VP Yuen Wupen sold 22,877 shares of NeoPhotonics stock in a transaction that occurred on Tuesday, August 28th. The shares were sold at an average price of $8.91, for a total value of $203,834.07. Following the completion of the sale, the vice president now directly owns 48,265 shares in the company, valued at $430,041.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Chiyue Cheung sold 10,000 shares of NeoPhotonics stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $8.11, for a total transaction of $81,100.00. Following the completion of the sale, the chief operating officer now owns 5,000 shares of the company’s stock, valued at $40,550. The disclosure for this sale can be found here. Company insiders own 16.70% of the company’s stock.

About NeoPhotonics

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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Earnings History and Estimates for NeoPhotonics (NYSE:NPTN)

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