NeoPhotonics Corporation (NYSE:NPTN) is set to issue its quarterly earnings data after the market closes on Monday, November 6th. Analysts expect the company to announce earnings of ($0.34) per share for the quarter.
NeoPhotonics Corporation (NYSE:NPTN) last issued its quarterly earnings results on Thursday, August 3rd. The semiconductor company reported ($0.15) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.25) by $0.10. NeoPhotonics Corporation had a negative return on equity of 9.43% and a negative net margin of 7.28%. The business had revenue of $73.20 million for the quarter, compared to analyst estimates of $71.11 million. During the same quarter in the previous year, the firm earned $0.15 earnings per share. The company’s revenue was down 26.1% on a year-over-year basis. On average, analysts expect NeoPhotonics Corporation to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Shares of NeoPhotonics Corporation (NYSE NPTN) opened at $4.58 on Friday. NeoPhotonics Corporation has a 52 week low of $4.56 and a 52 week high of $14.00. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.14 and a current ratio of 1.68.
NPTN has been the topic of a number of research analyst reports. ValuEngine lowered NeoPhotonics Corporation from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 11th. Raymond James Financial, Inc. restated an “outperform” rating and set a $9.00 price target on shares of NeoPhotonics Corporation in a research note on Monday, July 24th. Zacks Investment Research lowered NeoPhotonics Corporation from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 27th. B. Riley restated a “neutral” rating and set a $6.25 price target on shares of NeoPhotonics Corporation in a research note on Friday, August 4th. Finally, BidaskClub lowered NeoPhotonics Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. Three research analysts have rated the stock with a sell rating, four have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $8.92.
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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.
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