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NeoPhotonics Corp. (NASDAQ:NPTN) has been given an average recommendation of “Hold” by the eight brokerages that are currently covering the stock, Analyst Ratings Net reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $6.40.

NPTN has been the subject of a number of recent research reports. Analysts at Deutsche Bank reiterated a “hold” rating on shares of NeoPhotonics Corp. in a research note on Tuesday. They now have a $5.50 price target on the stock, up previously from $4.50. Separately, analysts at Piper Jaffray cut their price target on shares of NeoPhotonics Corp. from $7.50 to $5.00 in a research note on Monday. Finally, analysts at Zacks downgraded shares of NeoPhotonics Corp. to a “neutral” rating in a research note on Wednesday, April 23rd. They now have a $8.70 price target on the stock.

NeoPhotonics Corp. (NASDAQ:NPTN) traded up 0.92% during mid-day trading on Tuesday, hitting $4.39. The stock had a trading volume of 176,139 shares. NeoPhotonics Corp. has a 1-year low of $4.20 and a 1-year high of $9.77. The stock’s 50-day moving average is $6.19 and its 200-day moving average is $6.77. The company’s market cap is $139.0 million.

NeoPhotonics Corp. (NASDAQ:NPTN) last issued its quarterly earnings data on Monday, May 19th. The company reported ($0.10) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.09) by $0.01. The company had revenue of $74.40 million for the quarter, compared to the consensus estimate of $74.60 million. On average, analysts predict that NeoPhotonics Corp. will post $-0.46 earnings per share for the current fiscal year.

NeoPhotonics Corporation is a designer and manufacturer of photonic integrated circuit (NASDAQ:NPTN)-based modules and subsystems for bandwidth-intensive, high-speed communications networks.

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