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NeoPhotonics Corp (NASDAQ:NPTN) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research report issued to clients and investors on Thursday. They currently have a $4.00 price target on the stock. Zacks‘s price objective suggests a potential downside of 5.21% from the company’s current price.

Several other analysts have also recently commented on the stock. Analysts at B. Riley reiterated a “buy” rating on shares of NeoPhotonics Corp in a research note on Tuesday. They now have a $7.75 price target on the stock, down previously from $9.00. Finally, 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. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $5.31.

NeoPhotonics Corp (NASDAQ:NPTN) traded down 0.71% on Thursday, hitting $4.19. The stock had a trading volume of 51,260 shares. 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 $4.67 and a 200-day moving average of $6.47. The company’s market cap is $133.2 million.

NeoPhotonics Corp (NASDAQ:NPTN) last announced its earnings results 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. On average, analysts predict that NeoPhotonics Corp will post $-0.69 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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