NeoPhotonics (NPTN) Releases Q4 2018 Earnings Guidance

NeoPhotonics (NYSE:NPTN) issued an update on its fourth quarter 2018 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of $-0.08-0.02 for the period, compared to the Thomson Reuters consensus estimate of $-0.03. The company issued revenue guidance of $87-92 million, compared to the consensus revenue estimate of $88.69 million.NeoPhotonics also updated its Q4 guidance to (0.08-0.02) EPS.

NeoPhotonics stock opened at $9.11 on Friday. NeoPhotonics has a 12-month low of $4.56 and a 12-month high of $9.27. The company has a current ratio of 1.81, a quick ratio of 1.35 and a debt-to-equity ratio of 0.27.

NeoPhotonics (NYSE:NPTN) last released its quarterly earnings data on Friday, November 2nd. The semiconductor company reported ($0.05) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.19) by $0.14. The business had revenue of $81.75 million during the quarter, compared to analysts’ expectations of $82.60 million. NeoPhotonics had a negative net margin of 20.58% and a negative return on equity of 28.35%. The company’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same period in the previous year, the company earned ($0.14) EPS. As a group, analysts forecast that NeoPhotonics will post -0.87 EPS for the current fiscal year.

Several equities research analysts have recently issued reports on NPTN shares. ValuEngine raised shares of NeoPhotonics from a hold rating to a buy rating in a research report on Friday, August 3rd. Zacks Investment Research raised shares of NeoPhotonics from a sell rating to a hold rating in a research report on Wednesday, July 11th. DA Davidson boosted their price target on shares of NeoPhotonics from $6.00 to $7.50 and gave the company a neutral rating in a research report on Tuesday, August 7th. Rosenblatt Securities set a $13.00 price target on shares of NeoPhotonics and gave the company a buy rating in a research report on Saturday, July 28th. Finally, B. Riley raised shares of NeoPhotonics from a neutral rating to a buy rating and boosted their price target for the company from $6.50 to $10.00 in a research report on Tuesday, August 7th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. NeoPhotonics currently has an average rating of Buy and an average target price of $10.00.

In other NeoPhotonics news, VP Yuen Wupen sold 22,877 shares of NeoPhotonics stock in a transaction on Tuesday, August 28th. The shares were sold at an average price of $8.91, for a total value of $203,834.07. Following the transaction, the vice president now directly owns 48,265 shares in the company, valued at $430,041.15. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Chiyue Cheung sold 10,000 shares of NeoPhotonics stock in a transaction on Monday, September 10th. The shares were sold at an average price of $8.11, for a total transaction of $81,100.00. Following the completion of the transaction, the chief operating officer now owns 5,000 shares in the company, valued at $40,550. The disclosure for this sale can be found here. Over the last three months, insiders sold 33,877 shares of company stock valued at $292,984. 16.70% of the stock is owned by corporate insiders.

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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