Wall Street analysts expect that NeoPhotonics Corporation (NYSE:NPTN) will announce sales of $72.32 million for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for NeoPhotonics Corporation’s earnings. The lowest sales estimate is $70.90 million and the highest is $73.70 million. NeoPhotonics Corporation posted sales of $109.84 million in the same quarter last year, which suggests a negative year-over-year growth rate of 34.2%. The business is scheduled to issue its next earnings report on Tuesday, March 13th.

On average, analysts expect that NeoPhotonics Corporation will report full-year sales of $72.32 million for the current fiscal year, with estimates ranging from $284.90 million to $289.70 million. For the next financial year, analysts anticipate that the company will post sales of $329.13 million per share, with estimates ranging from $310.00 million to $350.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover NeoPhotonics Corporation.

NeoPhotonics Corporation (NYSE:NPTN) last issued its earnings results on Monday, November 6th. The semiconductor company reported ($0.25) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.34) by $0.09. The firm had revenue of $71.12 million during the quarter, compared to analyst estimates of $69.94 million. NeoPhotonics Corporation had a negative net margin of 11.37% and a negative return on equity of 13.61%. The business’s revenue was down 31.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.06 earnings per share.

A number of brokerages have commented on NPTN. Zacks Investment Research downgraded shares of NeoPhotonics Corporation from a “hold” rating to a “strong sell” rating in a report on Thursday, July 27th. Raymond James Financial, Inc. restated an “outperform” rating and set a $9.00 price objective on shares of NeoPhotonics Corporation in a report on Monday, July 24th. B. Riley restated a “neutral” rating and set a $6.25 price objective on shares of NeoPhotonics Corporation in a report on Friday, August 4th. Piper Jaffray Companies restated a “buy” rating and set a $8.50 price objective on shares of NeoPhotonics Corporation in a report on Friday, August 4th. Finally, BidaskClub downgraded shares of NeoPhotonics Corporation from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. 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 given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $8.89.

Shares of NeoPhotonics Corporation (NYSE NPTN) opened at $6.32 on Thursday. NeoPhotonics Corporation has a one year low of $4.56 and a one year high of $14.00. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.85 and a quick ratio of 1.25.

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Large investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. raised its stake in NeoPhotonics Corporation by 0.4% in the 2nd quarter. Goldman Sachs Group Inc. now owns 96,999 shares of the semiconductor company’s stock valued at $749,000 after purchasing an additional 433 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in NeoPhotonics Corporation by 0.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 114,544 shares of the semiconductor company’s stock valued at $885,000 after purchasing an additional 722 shares during the last quarter. American International Group Inc. raised its stake in NeoPhotonics Corporation by 7.1% in the 1st quarter. American International Group Inc. now owns 18,979 shares of the semiconductor company’s stock valued at $171,000 after purchasing an additional 1,252 shares during the last quarter. Teachers Advisors LLC raised its stake in NeoPhotonics Corporation by 5.1% in the 2nd quarter. Teachers Advisors LLC now owns 55,616 shares of the semiconductor company’s stock valued at $429,000 after purchasing an additional 2,677 shares during the last quarter. Finally, Voya Investment Management LLC increased its stake in shares of NeoPhotonics Corporation by 20.0% in the 2nd quarter. Voya Investment Management LLC now owns 16,469 shares of the semiconductor company’s stock worth $127,000 after acquiring an additional 2,749 shares during the last quarter. Hedge funds and other institutional investors own 84.04% of the company’s stock.

NeoPhotonics Corporation Company Profile

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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