Tech

NeoPhotonics Corp (NPTN) Posts Quarterly Earnings Results, Beats Estimates By $0.05 EPS

NeoPhotonics Corp (NPTN) Posts Quarterly Earnings Results, Beats Estimates By $0.05 EPS

The stock exchanged hands 2.41 Million shares versus average trading capacity of 946 Million shares. About 368,585 shares traded. The stock underperformed the S&P 500 by 45.67%. It was reported on April, 17 by Barchart.com. For the Current month, 0 analysts have assigned this stock as Buy where 1 assigned Outperform, 0 analysts believe it's a Hold, 0 said Underperform and only 0 assigned Sell rating. Therefore 33% are positive. Action Hotels had 4 analyst reports since September 8, 2015 according to SRatingsIntel. The most optimistic analyst sees the stock reaching $13 while the most conventional has $5.75 target price.

The stock of AVEO Pharmaceuticals, Inc. The stock rating was maintained by Rosenblatt with "Buy" on Friday, March 9. The rating was maintained by KeyBanc Capital Markets with "Hold" on Wednesday, September 6. The firm has "Equal-Weight" rating by Barclays Capital given on Friday, December 15. The rating was initiated by Northland Capital on Tuesday, August 18 with "Outperform".

Among 11 analysts covering NeoPhotonics (NYSE:NPTN), 6 have Buy rating, 0 Sell and 5 Hold. The positive are 57%. As per Friday, August 7, the company rating was maintained by Citigroup. In Monday, January 29 report PiperJaffray downgraded the stock to "Neutral" rating. The stock of NeoPhotonics Corporation (NYSE:NPTN) has "Neutral" rating given on Tuesday, November 7 by B. Riley & Co. Northland Capital has "Buy" rating and $9.0 target. On Friday, March 2 the rating was maintained by Needham with "Buy".

Since January 1, 0001, it had 2 buys, and 14 insider sales for $1.07 million activity. Piper Jaffray maintained the stock with "Buy" rating in Wednesday, August 9 report. "(NPTN) Given Average Rating of "Hold" by Brokerages" was originally reported by Enterprise Leader and is owned by of Enterprise Leader.

Morgan Stanley Insured Municipal Income Trust (IIM) investors sentiment decreased to 0.67 in Q4 2017.

However looking at valuation ratios the stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0. It improved, as 4 investors sold AVEO Pharmaceuticals, Inc. shares while 12 reduced holdings.

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A number of other hedge funds have also added to or reduced their stakes in NPTN. Natl Bank Of New York Mellon owns 124,508 shares. Geode Cap Mngmt Llc accumulated 247,797 shares or 0% of the stock. Prelude Capital Management Ltd Limited Liability Company has invested 0.02% in NeoPhotonics Corporation (NYSE:NPTN).

Consequently Neophotonics Corp (NYSE:NPTN)'s weekly and monthly volatility is 5.65%, 6.34% respectively. NPTN reached $6.7 on during the last trading session after $0.09 change.NeoPhotonics Corporation is downtrending after having declined 34.12% since April 16, 2017. Moreover, Pacific Ridge Capital Partners Llc has 0.84% invested in the company for 240,953 shares. Russell Investments Group Ltd. now owns 280,600 shares of the semiconductor company's stock valued at $1,560,000 after buying an additional 271,400 shares in the last quarter. State Board Of Administration Of Florida Retirement Systems has invested 0% of its capital in NeoPhotonics Corporation (NYSE:NPTN). Northpointe Limited Liability Corporation invested in 0.91% or 1.24 million shares. Wells Fargo & Company MN increased its stake in shares of NeoPhotonics by 77.8% in the 3rd quarter. Nelson Van Denburg Campbell Wealth Management Gp Ltd Llc accumulated 4,186 shares.

Analysts expect NeoPhotonics Corporation (NYSE:NPTN) to report $-0.31 EPS on May, 4.They anticipate $0.01 EPS change or 3.33% from last quarter's $-0.3 EPS. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.05. 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. According to the Analysts, the Low Estimate Earnings of the current Quarter is $-0.13 whereas, High Estimate is $-0.13.

Investors sentiment decreased to 0.84 in 2017 Q4. It's down -0.67, from 2.4 in 2017Q3. 118 funds opened positions while 256 raised stakes. The New York-based Jefferies Grp Ltd has invested 0% in Innophos Holdings, Inc. Gilder Gagnon Howe And Communication Limited Co invested in 0% or 8,963 shares. The hedge funds in our database now have: 9.54 million shares, up from 9.28 million shares in 2017Q3. Zebra Mgmt Limited Co has 15,297 shares for 0.24% of their portfolio. NPTN has 1.73M volume or 82.82% up from normal. Finally, Victory Capital Management Inc. boosted its position in shares of NeoPhotonics by 20.6% during the fourth quarter. Brown Advisory reported 0% of its portfolio in Innophos Holdings, Inc. California Employees Retirement Sys holds 19,700 shares. Citigroup Incorporated reported 282 shares. 7,000 were accumulated by Teton Advsrs Inc. (NYSE:CTL). Sumitomo Mitsui Tru Hldgs has 0.06% invested in CenturyLink, Inc. (NASDAQ:IPHS) or 6 shares. Ra Capital Management Limited Liability Com reported 1.18% in AVEO Pharmaceuticals, Inc. Acuta Cap Prtnrs Ltd Liability Co has invested 0.07% in AVEO Pharmaceuticals, Inc.

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