Somewhat Positive Media Coverage Somewhat Unlikely to Affect NeoPhotonics Corporation (NPTN) Stock Price

News stories about NeoPhotonics Corporation (NYSE:NPTN) have trended somewhat positive on Monday, Accern Sentiment Analysis reports. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. NeoPhotonics Corporation earned a daily sentiment score of 0.15 on Accern’s scale. Accern also assigned media stories about the semiconductor company an impact score of 45.7066666731742 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

These are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:

A number of equities research analysts recently issued reports on the company. B. Riley reiterated a “neutral” rating and issued a $6.25 price objective on shares of NeoPhotonics Corporation in a research report on Friday, August 4th. ValuEngine upgraded NeoPhotonics Corporation from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 10th. Piper Jaffray Companies reiterated a “buy” rating and issued a $8.50 price objective on shares of NeoPhotonics Corporation in a research report on Friday, August 4th. Raymond James Financial, Inc. lowered their price objective on NeoPhotonics Corporation from $8.00 to $7.00 and set an “outperform” rating on the stock in a research report on Thursday, August 24th. Finally, BidaskClub upgraded NeoPhotonics Corporation from a “strong sell” rating to a “sell” rating in a research report on Wednesday, September 20th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. NeoPhotonics Corporation has an average rating of “Hold” and a consensus price target of $9.72.

Shares of NeoPhotonics Corporation (NYSE NPTN) opened at 5.90 on Monday. The stock’s market cap is $257.46 million. NeoPhotonics Corporation has a 52-week low of $5.26 and a 52-week high of $17.40. The firm’s 50-day moving average price is $6.16 and its 200-day moving average price is $7.92.

NeoPhotonics Corporation (NYSE:NPTN) last announced its earnings results on Thursday, August 3rd. The semiconductor company reported ($0.15) earnings per share for the quarter, topping the consensus estimate of ($0.25) by $0.10. NeoPhotonics Corporation had a negative net margin of 7.28% and a negative return on equity of 9.43%. The firm had revenue of $73.20 million for the quarter, compared to the consensus estimate of $71.11 million. During the same period in the prior year, the firm earned $0.15 EPS. The firm’s revenue for the quarter was down 26.1% on a year-over-year basis. Equities analysts predict that NeoPhotonics Corporation will post ($0.61) EPS for the current year.

In other NeoPhotonics Corporation news, Director Michael J. Sophie sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $8.45, for a total transaction of $33,800.00. Following the completion of the transaction, the director now owns 18,318 shares in the company, valued at approximately $154,787.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Chiyue Cheung sold 10,000 shares of the business’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 owns 10,000 shares of the company’s stock, valued at approximately $76,600. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 47,400 shares of company stock worth $392,296. 17.30% of the stock is owned by insiders.

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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.

Insider Buying and Selling by Quarter for NeoPhotonics Corporation (NYSE:NPTN)

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