Wall Street analysts predict that NeoPhotonics Corporation (NYSE:NPTN) will report ($0.17) earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for NeoPhotonics Corporation’s earnings, with estimates ranging from ($0.17) to ($0.16). NeoPhotonics Corporation reported earnings per share of ($0.09) in the same quarter last year, which would indicate a negative year-over-year growth rate of 88.9%. The company is expected to report its next quarterly earnings results on Thursday, November 2nd.

According to Zacks, analysts expect that NeoPhotonics Corporation will report full year earnings of ($0.76) per share for the current fiscal year, with EPS estimates ranging from ($0.81) to ($0.69). For the next financial year, analysts anticipate that the firm will post earnings of $0.16 per share, with EPS estimates ranging from ($0.10) to $0.42. Zacks’ EPS averages are a mean average based on a survey of research firms that cover NeoPhotonics Corporation.

NeoPhotonics Corporation (NYSE:NPTN) last issued its quarterly earnings results on Thursday, August 3rd. The semiconductor company reported ($0.15) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.25) by $0.10. NeoPhotonics Corporation had a negative return on equity of 9.35% and a negative net margin of 7.28%. The firm had revenue of $73.20 million for the quarter, compared to analyst estimates of $71.11 million. During the same period in the previous year, the company posted $0.15 earnings per share. The company’s quarterly revenue was down 26.1% compared to the same quarter last year.

Several brokerages have issued reports on NPTN. ValuEngine upgraded shares of NeoPhotonics Corporation from a “strong sell” rating to a “sell” rating in a research report on Thursday. B. Riley restated a “neutral” rating and set a $6.25 price objective on shares of NeoPhotonics Corporation in a research report on Wednesday. Piper Jaffray Companies restated a “buy” rating and set a $8.50 price objective on shares of NeoPhotonics Corporation in a research report on Friday, August 4th. BidaskClub downgraded shares of NeoPhotonics Corporation from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. Finally, Zacks Investment Research downgraded shares of NeoPhotonics Corporation from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 27th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. NeoPhotonics Corporation has an average rating of “Hold” and a consensus target price of $10.22.

Shares of NeoPhotonics Corporation (NYSE:NPTN) traded down 0.67% during trading on Friday, reaching $5.91. The company had a trading volume of 2,083,923 shares. NeoPhotonics Corporation has a 12 month low of $5.77 and a 12 month high of $18.51. The company’s market cap is $255.42 million. The firm has a 50 day moving average price of $7.83 and a 200 day moving average price of $8.93.

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In other news, major shareholder Rusnano sold 92,900 shares of the firm’s stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $9.10, for a total transaction of $845,390.00. Following the transaction, the insider now directly owns 4,884,405 shares of the company’s stock, valued at $44,448,085.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Chiyue Cheung sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $7.66, for a total transaction of $76,600.00. Following the transaction, the chief operating officer now directly owns 10,000 shares in the company, valued at $76,600. The disclosure for this sale can be found here. Insiders have sold 359,300 shares of company stock worth $3,243,816 over the last ninety days. Insiders own 17.30% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in NPTN. Paloma Partners Management Co acquired a new position in shares of NeoPhotonics Corporation during the first quarter valued at approximately $103,000. TFS Capital LLC acquired a new position in shares of NeoPhotonics Corporation during the first quarter valued at approximately $110,000. Parametric Portfolio Associates LLC acquired a new position in shares of NeoPhotonics Corporation during the first quarter valued at approximately $131,000. Citigroup Inc. boosted its position in shares of NeoPhotonics Corporation by 35.7% in the second quarter. Citigroup Inc. now owns 17,314 shares of the semiconductor company’s stock valued at $134,000 after buying an additional 4,556 shares in the last quarter. Finally, Ameriprise Financial Inc. acquired a new position in shares of NeoPhotonics Corporation during the second quarter valued at approximately $159,000. 84.24% of the stock is currently owned by institutional investors.

NeoPhotonics Corporation Company Profile

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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