NeoPhotonics (NYSE:NPTN) Updates Q3 Earnings Guidance

NeoPhotonics (NYSE:NPTN) updated its third quarter earnings guidance on Monday. The company provided earnings per share guidance of (0.03)-0.07 for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.17). The company issued revenue guidance of $87-93 million, compared to the consensus revenue estimate of $59.55 million.NeoPhotonics also updated its Q3 2019 guidance to $-0.03-0.07 EPS.

A number of equities research analysts recently weighed in on the company. B. Riley upgraded NeoPhotonics from a neutral rating to a buy rating and decreased their price objective for the stock from $7.25 to $5.50 in a research note on Monday, May 20th. Rosenblatt Securities reiterated a buy rating and issued a $10.00 price target on shares of NeoPhotonics in a research note on Tuesday, July 16th. ValuEngine cut NeoPhotonics from a buy rating to a hold rating in a research note on Thursday, August 1st. Northland Securities reiterated a buy rating on shares of NeoPhotonics in a research note on Tuesday. Finally, Craig Hallum set a $6.00 price target on NeoPhotonics and gave the company a buy rating in a research note on Friday, May 24th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of Buy and an average price target of $7.84.

NeoPhotonics stock traded up $1.50 during midday trading on Tuesday, reaching $5.82. The company’s stock had a trading volume of 12,024,844 shares, compared to its average volume of 993,716. The stock’s 50-day simple moving average is $4.51. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.98 and a quick ratio of 1.51. NeoPhotonics has a 52-week low of $3.26 and a 52-week high of $9.48. The firm has a market capitalization of $198.91 million, a PE ratio of -7.86 and a beta of 1.61.

NeoPhotonics (NYSE:NPTN) last released its quarterly earnings results on Monday, August 5th. The semiconductor company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.12. NeoPhotonics had a negative return on equity of 17.55% and a negative net margin of 11.85%. The company had revenue of $81.69 million during the quarter, compared to analysts’ expectations of $76.91 million. During the same period last year, the business posted ($0.19) earnings per share. The firm’s revenue was up .7% compared to the same quarter last year. Equities research analysts predict that NeoPhotonics will post -0.85 earnings per share for the current year.

In other news, COO Chiyue Cheung sold 12,000 shares of the firm’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $5.79, for a total value of $69,480.00. Following the completion of the transaction, 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 at the SEC website. Also, CFO Elizabeth Lynne Eby acquired 50,000 shares of NeoPhotonics stock in a transaction dated Wednesday, May 29th. The stock was purchased at an average price of $3.57 per share, with a total value of $178,500.00. The disclosure for this purchase can be found here. Company insiders own 16.00% of the company’s stock.

NeoPhotonics Company Profile

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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Earnings History and Estimates for NeoPhotonics (NYSE:NPTN)

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