Somewhat Positive News Coverage Somewhat Unlikely to Impact NeoPhotonics Corporation (NPTN) Stock Price

Media headlines about NeoPhotonics Corporation (NYSE:NPTN) have been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. NeoPhotonics Corporation earned a media sentiment score of 0.03 on Accern’s scale. Accern also gave media stories about the semiconductor company an impact score of 46.0774237359778 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Several analysts have commented on the stock. Northland Securities reaffirmed a “buy” rating and issued a $10.00 price objective on shares of NeoPhotonics Corporation in a research report on Friday, June 23rd. Zacks Investment Research lowered shares of NeoPhotonics Corporation from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 27th. Raymond James Financial, Inc. reaffirmed an “outperform” rating and issued a $9.00 price objective on shares of NeoPhotonics Corporation in a research report on Monday, July 24th. ValuEngine lowered shares of NeoPhotonics Corporation from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 11th. Finally, DA Davidson assumed coverage on shares of NeoPhotonics Corporation in a research report on Thursday, June 29th. They issued a “neutral” rating and a $9.00 price objective on the stock. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $8.92.

NeoPhotonics Corporation (NYSE NPTN) traded up 3.09% during mid-day trading on Thursday, hitting $5.00. 570,042 shares of the stock traded hands. The stock’s market cap is $218.19 million. NeoPhotonics Corporation has a 1-year low of $4.61 and a 1-year high of $15.68. The company’s 50 day moving average price is $5.61 and its 200-day moving average price is $7.36.

NeoPhotonics Corporation (NYSE:NPTN) last issued its quarterly earnings data on Thursday, August 3rd. The semiconductor company reported ($0.15) earnings per share for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $73.20 million for the quarter, compared to analysts’ expectations of $71.11 million. During the same quarter in the prior year, the business earned $0.15 EPS. The business’s quarterly revenue was down 26.1% on a year-over-year basis. Analysts predict that NeoPhotonics Corporation will post ($0.93) earnings per share for the current year.

In other news, Director Michael J. Sophie sold 4,000 shares of the stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $8.45, for a total value of $33,800.00. Following the transaction, the director now owns 18,318 shares in the company, valued at approximately $154,787.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Benjamin Lee Sitler sold 33,400 shares of the stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $8.44, for a total transaction of $281,896.00. Following the completion of the transaction, the senior vice president now owns 84,711 shares in the company, valued at approximately $714,960.84. The disclosure for this sale can be found here. 17.30% of the stock is owned by corporate insiders.

ILLEGAL ACTIVITY NOTICE: “Somewhat Positive News Coverage Somewhat Unlikely to Impact NeoPhotonics Corporation (NPTN) Stock Price” was originally

Several analysts have commented on the stock. Northland Securities reaffirmed a “buy” rating and issued a $10.00 price objective on shares of NeoPhotonics Corporation in a research report on Friday, June 23rd. Zacks Investment Research lowered shares of NeoPhotonics Corporation from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 27th. Raymond James Financial, Inc. reaffirmed an “outperform” rating and issued a $9.00 price objective on shares of NeoPhotonics Corporation in a research report on Monday, July 24th. ValuEngine lowered shares of NeoPhotonics Corporation from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 11th. Finally, DA Davidson assumed coverage on shares of NeoPhotonics Corporation in a research report on Thursday, June 29th. They issued a “neutral” rating and a $9.00 price objective on the stock. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $8.92.

NeoPhotonics Corporation (NYSE NPTN) traded up 3.09% during mid-day trading on Thursday, hitting $5.00. 570,042 shares of the stock traded hands. The stock’s market cap is $218.19 million. NeoPhotonics Corporation has a 1-year low of $4.61 and a 1-year high of $15.68. The company’s 50 day moving average price is $5.61 and its 200-day moving average price is $7.36.

NeoPhotonics Corporation (NYSE:NPTN) last issued its quarterly earnings data on Thursday, August 3rd. The semiconductor company reported ($0.15) earnings per share for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $73.20 million for the quarter, compared to analysts’ expectations of $71.11 million. During the same quarter in the prior year, the business earned $0.15 EPS. The business’s quarterly revenue was down 26.1% on a year-over-year basis. Analysts predict that NeoPhotonics Corporation will post ($0.93) earnings per share for the current year.

In other news, Director Michael J. Sophie sold 4,000 shares of the stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $8.45, for a total value of $33,800.00. Following the transaction, the director now owns 18,318 shares in the company, valued at approximately $154,787.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Benjamin Lee Sitler sold 33,400 shares of the stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $8.44, for a total transaction of $281,896.00. Following the completion of the transaction, the senior vice president now owns 84,711 shares in the company, valued at approximately $714,960.84. The disclosure for this sale can be found here. 17.30% of the stock is owned by corporate insiders.

ILLEGAL ACTIVITY NOTICE: “Somewhat Positive News Coverage Somewhat Unlikely to Impact NeoPhotonics Corporation (NPTN) Stock Price” was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this article on another website, it was copied illegally and republished in violation of U.S. and international copyright legislation. The original version of this article can be accessed at https://ledgergazette.com/2017/10/19/somewhat-positive-news-coverage-somewhat-unlikely-to-impact-neophotonics-corporation-nptn-stock-price.html.

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.

Insider Buying and Selling by Quarter for NeoPhotonics Corporation (NYSE:NPTN)

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