NeoPhotonics Corporation (NPTN) : The consensus on NeoPhotonics Corporation (NPTN) based on 6 analyst recommendation on the company stock is 1.33, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 5 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
NeoPhotonics Corporation (NPTN) has been rated by 6 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $18 and the lowest price target forecast is $11. The average forecast of all the analysts is $16.04 and the expected standard deviation is $2.68.
For the current week, the company shares have a recommendation consensus of Buy.
NeoPhotonics Corporation (NYSE:NPTN): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $12.70 and $12.70 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $13.43. The buying momentum continued till the end and the stock did not give up its gains. It closed at $13.40, notching a gain of 9.21% for the day. The total traded volume was 1,241,242 . The stock had closed at $12.27 on the previous day.
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.