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NeoPhotonics Corp (NASDAQ:NPTN)‘s stock had its “buy” rating reaffirmed by equities research analysts at B. Riley in a research note issued to investors on Tuesday. They currently have a $7.75 price target on the stock, down from their previous price target of $9.00. B. Riley’s price target points to a potential upside of 77.75% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank reiterated a “hold” rating on shares of NeoPhotonics Corp in a research note on Tuesday, May 20th. They now have a $4.50 price target on the stock, down previously from $5.50. 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, May 19th. 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. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $6.49.

NeoPhotonics Corp (NASDAQ:NPTN) traded up 1.87% during mid-day trading on Tuesday, hitting $4.36. 225,473 shares of the company’s stock traded hands. NeoPhotonics Corp has a 52-week low of $3.89 and a 52-week high of $9.77. The stock has a 50-day moving average of $4.71 and a 200-day moving average of $6.4. The company’s market cap is $138.6 million.

NeoPhotonics Corp (NASDAQ:NPTN) last released its earnings data on Tuesday, June 17th. The company reported ($0.30) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.30). The company had revenue of $68.20 million for the quarter, compared to the consensus estimate of $68.05 million. During the same quarter in the previous year, the company posted ($0.14) earnings per share. Analysts expect that NeoPhotonics Corp will post $-0.65 EPS 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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