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NeoPhotonics Corp (NASDAQ:NPTN)‘s stock had its “overweight” rating reiterated by equities researchers at Piper Jaffray in a research report issued on Friday. They currently have a $4.00 target price on the stock, down from their previous target price of $5.00. Piper Jaffray’s target price suggests a potential upside of 51.52% from the company’s current price.

NeoPhotonics Corp (NASDAQ:NPTN) traded down 4.00% during mid-day trading on Friday, hitting $2.64. The stock had a trading volume of 79,562 shares. NeoPhotonics Corp has a one year low of $2.63 and a one year high of $8.50. The stock’s 50-day moving average is $3.49 and its 200-day moving average is $5.69. The company’s market cap is $83.9 million.

NeoPhotonics Corp (NASDAQ:NPTN) last released its earnings data on Thursday, August 7th. The company reported ($0.24) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.20) by $0.04. During the same quarter in the prior year, the company posted ($0.11) earnings per share. Analysts expect that NeoPhotonics Corp will post $-0.68 EPS for the current fiscal year.

A number of other firms have also 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, June 23rd. They now have a “buy” rating on the stock. Separately, 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. Finally, analysts at B. Riley cut their price target on shares of NeoPhotonics Corp from $11.75 to $9.00 in a research note on Tuesday, May 20th. They now have a “buy” rating on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. NeoPhotonics Corp currently has an average rating of “Hold” and a consensus price target of $5.81.

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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