NeoPhotonics Corp (NYSE:NPTN) Expected to Announce Quarterly Sales of $86.00 Million

Wall Street analysts expect NeoPhotonics Corp (NYSE:NPTN) to post $86.00 million in sales for the current fiscal quarter, according to Zacks. Three analysts have made estimates for NeoPhotonics’ earnings, with the highest sales estimate coming in at $90.50 million and the lowest estimate coming in at $77.50 million. NeoPhotonics posted sales of $81.10 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 6%. The company is scheduled to report its next earnings report on Monday, August 5th.

On average, analysts expect that NeoPhotonics will report full year sales of $315.59 million for the current year, with estimates ranging from $257.76 million to $360.80 million. For the next year, analysts forecast that the firm will post sales of $366.50 million, with estimates ranging from $300.00 million to $425.00 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that follow NeoPhotonics.

NeoPhotonics (NYSE:NPTN) last announced its quarterly earnings data on Thursday, May 2nd. The semiconductor company reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.08). The company had revenue of $79.40 million for the quarter, compared to the consensus estimate of $79.99 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 15.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.33) EPS.

A number of research firms have commented on NPTN. Craig Hallum raised their target price on shares of Digimarc from $42.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, May 24th. TheStreet downgraded shares of Unit from a “c-” rating to a “d+” rating in a research report on Tuesday, May 21st. B. Riley reissued a “buy” rating on shares of Goodrich Petroleum in a research report on Monday, May 20th. Rosenblatt Securities reissued a “neutral” rating on shares of Acacia Communications in a research report on Tuesday. Finally, ValuEngine downgraded shares of Whiting USA Trust II from a “hold” rating to a “sell” rating in a research report on Tuesday, May 7th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $7.53.

NYSE NPTN traded up $0.04 during trading on Friday, reaching $4.76. 753,084 shares of the company’s stock traded hands, compared to its average volume of 1,287,959. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.51 and a current ratio of 1.98. The stock has a market cap of $219.36 million, a price-to-earnings ratio of -6.43 and a beta of 1.68. The company has a 50 day simple moving average of $4.31. NeoPhotonics has a 12-month low of $3.26 and a 12-month high of $9.48.

In other news, CFO Elizabeth Lynne Eby acquired 50,000 shares of the business’s stock in a transaction dated Wednesday, May 29th. The shares were purchased at an average price of $3.57 per share, with a total value of $178,500.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Chiyue Cheung sold 12,000 shares of NeoPhotonics stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $5.79, for a total transaction 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 approximately $69,480. The disclosure for this sale can be found here. 16.00% of the stock is owned by insiders.

Several institutional investors have recently modified their holdings of NPTN. Hall Kathryn A. purchased a new stake in NeoPhotonics during the 1st quarter worth approximately $95,000. Marshall Wace LLP grew its position in NeoPhotonics by 4,963.0% during the 1st quarter. Marshall Wace LLP now owns 15,037 shares of the semiconductor company’s stock worth $95,000 after purchasing an additional 14,740 shares during the last quarter. AlpInvest Partners B.V. purchased a new stake in NeoPhotonics during the 1st quarter worth approximately $1,255,000. Kennedy Capital Management Inc. grew its position in NeoPhotonics by 19.0% during the 1st quarter. Kennedy Capital Management Inc. now owns 948,526 shares of the semiconductor company’s stock worth $5,966,000 after purchasing an additional 151,565 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd grew its position in NeoPhotonics by 267.3% during the 1st quarter. Dynamic Technology Lab Private Ltd now owns 64,414 shares of the semiconductor company’s stock worth $405,000 after purchasing an additional 46,877 shares during the last quarter. 78.35% of the stock is currently owned by hedge funds and other institutional investors.

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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