NeoPhotonics (NYSE:NPTN) posted its quarterly earnings data on Monday. The semiconductor company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.15) by $0.12, Bloomberg Earnings reports. The business had revenue of $81.69 million during the quarter, compared to the consensus estimate of $76.91 million. NeoPhotonics had a negative net margin of 11.85% and a negative return on equity of 17.55%. The company’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.19) earnings per share. NeoPhotonics updated its Q3 2019 guidance to $-0.03-0.07 EPS and its Q3 guidance to (0.03)-0.07 EPS.
NeoPhotonics stock traded up $0.04 during midday trading on Monday, hitting $4.32. The company’s stock had a trading volume of 1,668,500 shares, compared to its average volume of 919,078. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.98 and a quick ratio of 1.51. The business’s 50-day simple moving average is $4.49. NeoPhotonics has a 12 month low of $3.26 and a 12 month high of $9.48. The firm has a market capitalization of $198.91 million, a P/E ratio of -5.84 and a beta of 1.60.
In other NeoPhotonics news, COO Chiyue Cheung sold 12,000 shares of the business’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $5.79, for a total value of $69,480.00. Following the sale, the chief operating officer now directly owns 12,000 shares in the company, valued at $69,480. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Elizabeth Lynne Eby purchased 50,000 shares of the company’s stock in a transaction on Wednesday, May 29th. The stock was acquired at an average price of $3.57 per share, for a total transaction of $178,500.00. The disclosure for this purchase can be found here. 16.00% of the stock is currently owned by insiders.
NPTN has been the subject of several research analyst reports. TheStreet downgraded shares of NeoPhotonics from a “c-” rating to a “d+” rating in a report on Tuesday, May 21st. MKM Partners reaffirmed a “neutral” rating and issued a $4.50 price objective (down previously from $9.00) on shares of NeoPhotonics in a report on Friday, May 17th. Needham & Company LLC downgraded shares of NeoPhotonics from a “strong-buy” rating to a “hold” rating in a report on Friday, May 17th. Craig Hallum set a $6.00 price objective on shares of NeoPhotonics and gave the stock a “buy” rating in a report on Friday, May 24th. Finally, ValuEngine downgraded shares of NeoPhotonics from a “buy” rating to a “hold” rating in a report on Thursday. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $7.53.
NeoPhotonics Corporation develops, manufactures, and sells optoelectronic products that transmit, receive, and switch high speed digital optical signals for communications networks. It offers high speed products, including transmitter, receiver, and switching products for 100G (gigabits per second) and optical transmission applications over distances of 2 to 2,000 kilometers; optical components for coherent systems, including narrow linewidth tunable transmit and local oscillator lasers (NLW-ITLA) that generate ultra-pure wavelength or color for coherent transmission, as well as coherent micro-modulators, which encode the information on the intensity and phase of the optical beam; and integrated coherent receivers (ICRs) that decode the phase and polarization encoded coherent signals.
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