NeoPhotonics Corporation (NPTN) Scheduled to Post Quarterly Earnings on Monday
NeoPhotonics Corporation (NYSE:NPTN) is scheduled to announce its earnings results after the market closes on Monday, November 6th. Analysts expect the company to announce earnings of ($0.34) per share for the quarter. NeoPhotonics Corporation has set its Q3 guidance at ($0.07)-$0.17 EPS.
NeoPhotonics Corporation (NYSE:NPTN) last announced its earnings results on Thursday, August 3rd. The semiconductor company reported ($0.15) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.25) by $0.10. NeoPhotonics Corporation had a negative net margin of 7.28% and a negative return on equity of 9.43%. The business had revenue of $73.20 million during the quarter, compared to analyst estimates of $71.11 million. During the same period in the previous year, the business posted $0.15 earnings per share. NeoPhotonics Corporation’s revenue for the quarter was down 26.1% on a year-over-year basis. On average, analysts expect NeoPhotonics Corporation to post $-1 EPS for the current fiscal year and $-0.14 EPS for the next fiscal year.
Shares of NeoPhotonics Corporation (NYSE NPTN) traded up 1.33% during midday trading on Monday, reaching $5.34. 1,018,976 shares of the company’s stock traded hands. The stock’s 50-day moving average price is $5.57 and its 200 day moving average price is $7.23. NeoPhotonics Corporation has a one year low of $4.61 and a one year high of $15.37. The firm’s market capitalization is $233.03 million.
NPTN has been the topic of several recent research reports. BidaskClub lowered NeoPhotonics Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, September 8th. Zacks Investment Research lowered NeoPhotonics Corporation from a “hold” rating to a “strong sell” rating in a report on Thursday, July 27th. Needham & Company LLC increased their price target on NeoPhotonics Corporation from $8.00 to $11.00 and gave the company a “strong-buy” rating in a report on Monday, October 9th. ValuEngine lowered NeoPhotonics Corporation from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 11th. Finally, Raymond James Financial, Inc. restated an “outperform” rating and set a $9.00 price target on shares of NeoPhotonics Corporation in a report on Monday, July 24th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. NeoPhotonics Corporation currently has an average rating of “Hold” and an average target price of $8.92.
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About NeoPhotonics Corporation
NeoPhotonics Corporation develops, manufactures and markets optoelectronic products that transmit, receive and switch digital optical signals for communications networks. The Company develops and manufactures Transmitter Products, Receiver Products and Switch Products that are used in ultra-high speed digital optical communications, high speed switching and provisioning, and access connections for wireless and fiber-to-the-home communications networks.
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