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Shares of NeoPhotonics Corp (NASDAQ:NPTN) have received an average recommendation of “Hold” from the eight brokerages that are currently covering the stock, AR Network reports. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $5.65.

NeoPhotonics Corp (NASDAQ:NPTN) opened at 3.94 on Thursday. NeoPhotonics Corp has a 52-week low of $3.75 and a 52-week high of $9.77. The stock’s 50-day moving average is $4.43 and its 200-day moving average is $6.41. The company’s market cap is $124.5 million.

NeoPhotonics Corp (NASDAQ:NPTN) last released its earnings data on Tuesday, June 17th. The company reported ($0.30) earnings per share for the quarter, meeting the analysts’ 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 last year, the company posted ($0.14) earnings per share. Analysts expect that NeoPhotonics Corp will post $-0.70 EPS for the current fiscal year.

A number of research firms have recently commented on NPTN. Analysts at Needham & Company LLC cut their price target on shares of NeoPhotonics Corp from $10.00 to $7.00 in a research note on Monday. They now have a “buy” rating on the stock. Separately, analysts at Zacks downgraded shares of NeoPhotonics Corp from a “neutral” rating to an “underperform” rating in a research note on Thursday, June 19th. They now have a $4.00 price target on the stock. Finally, analysts at B. Riley reiterated a “buy” rating on shares of NeoPhotonics Corp in a research note on Tuesday, June 17th. They now have a $7.75 price target on the stock, down previously from $9.00.

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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