NeoPhotonics Corporation (NPTN) : 6 analysts are covering NeoPhotonics Corporation (NPTN) and their average rating on the stock is 1.33, which is read as a Strong Buy. 5 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 1 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
NeoPhotonics Corporation (NPTN) stock is expected to deviate a maximum of $2.41 from the average target price of $16.29 for the short term period. 6 Street Experts have initiated coverage on the stock with the most promising target being $20 and the most muted being $13.
For the current week, the company shares have a recommendation consensus of Buy. Also, Needham upgrades its view on NeoPhotonics Corporation (NYSE:NPTN) according to the research report released by the firm to its investors. The shares have now been rated Strong Buy by the stock experts at the ratings house. Earlier, the shares had a rating of Buy. The rating by the firm was issued on July 25, 2016.
NeoPhotonics Corporation (NYSE:NPTN): The stock opened at $16.06 and touched an intraday high of $16.7301 on Wednesday. During the day, the stock corrected to an intraday low of $16, however, the bulls stepped in and pushed the price higher to close in the green at $16.55 with a gain of 4.09% for the day. The total traded volume for the day was 1,323,911. The stock had closed at $15.9 in the previous trading session.
NeoPhotonics Corporation develops, manufactures and markets optoelectronic products that transmit, receive and switch digital optical signals for communications networks. The Company produces photonic integrated circuits (PICs) that comprise both arrayed and individual photonic functional elements using optimized materials systems and processes from its in-house Silicon, Indium Phosphide and Gallium Arsenide wafer fabrication. These individual PICs from different materials are then combined using hybrid integration technology to make complete products, such as its Integrated Coherent Receiver (ICR) for 100G coherent transport applications. The Companys customers include Alcatel-Lucent SA, Ciena Corporation, Cisco Systems, Inc., and Huawei Technologies Co., Ltd. Its products are categorized into groups, including High Speed Products and Network Products and Solutions. The high speed 100G and beyond products are based on its Advanced Hybrid Photonic Integration technology.