NeoPhotonics Corporation (NYSE:NPTN) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 1.4 by 5 Brokerage Firm. 4 Wall Street Firms have rated the stock as a strong buys. 1 Brokerage Firms have advised hold.
NeoPhotonics Corporation (NYSE:NPTN) stock has received a short term price target of $ 15.71 from 6 Analyst. The share price can be expected to fluctuate from the mean short term target, can be seen from the standard deviation reading of $2.5. The higher estimate of target price is $18 , while the lower price target estimate is $11
NeoPhotonics Corporation (NYSE:NPTN) witnessed a decline in the market cap on Tuesday as its shares dropped 3.87% or 0.37 points. After the session commenced at $9.56, the stock reached the higher end at $9.69 while it hit a low of $9.03. With the volume soaring to 939,454 shares, the last trade was called at $9.2. The company has a 52-week high of $14.6. The company has a market cap of $382 million and there are 41,475,000 shares in outstanding. The 52-week low of the share price is $5.61.
Shares of NeoPhotonics Corporation appreciated by 7.85% during the last five trading days but lost 3.26% on a 4-week basis. NeoPhotonics Corporation has dropped 29.5% during the last 3-month period . Year-to-Date the stock performance stands at -15.29%.
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.