|Bid||3.9800 x 800|
|Ask||3.9900 x 1300|
|Day's Range||3.7600 - 4.0599|
|52 Week Range||3.2600 - 9.4800|
|Beta (3Y Monthly)||1.19|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Semiconductor makers and optical component suppliers were among the biggest decliners on Friday. NeoPhotonics Corp., whose products help transmit data in telecom networks, fell as much as 28%, following a 21% decline on Thursday.
The Trump administration putting Huawei -- and dozens of its affiliates -- on an export blacklist means “the U.S. government has halted China’s 5G push,” and is transforming the trade war “into a digital one,” Sean Darby, Jefferies’s chief global equity strategist, wrote in a note. The move may have ramifications well beyond the tech sector as well, analysts at MKM wrote.
plunged nearly 25% on Friday after the optical communications equipment maker received a downgrade from an analyst at MKM Partners, who cited increased uncertainty relative to the company's largest customer, Huawei. NeoPhotonics stock was down 24.67% to $3.42 on the Nasdaq Stock Market after MKM Partners analyst Michael Genovese cut his rating on the company to neutral from buy and slashed his price target in half - to $4.50 from $9 - noting that Huawei accounted for almost half of NeoPhotonics' sales in 2018.
Shares of NeoPhotonics Corp. were indicated down nearly 7% in premarket trade, extending the previous session's 21% plunge, after MKM Partners analyst Michael Genovese cut his rating on the optical equipment maker and slashed his price target in half, following the Trump administration's moves to ban business with China's Huawei Technologies. Genovese downgraded NeoPhotonics to neutral from buy, and lowered his stock fair value estimate to $4.50 from $9.00, given that Huawei is the company's largest customer, representing about 46% of sales in 2018. He said he "holds out hope" that there is a 50% probability that the ban is walked back as part of a trade agreement, which would then turn the recent selloff into a great buying opportunity. The stock has tumbled 38.5% over the past three months, while the Nasdaq Composite has gained 5.7% and the S&P 500 has edged up 3.6%.
President Trump's move to curb Chinese firm Huawei's access to U.S. technology drove down shares in several U.S. tech firms, including NeoPhotonics, Lumentum, Xilinx, and other suppliers.
Lockheed Martin, Rite Aid, Avid Technology, NeoPhotonics and EXFO highlighted as Zacks Bull and Bear of the Day
Today we've highlighted three stocks that fall into the broad "technology" sector. Each of these three stocks is currently trading for less than $10 a share and holds a Zacks Rank 1 (Strong Buy) or 2 (Buy) at the moment.
NeoPhotonics Corp (NYSE: NPTN ) reported first-quarter revenue in-line with the consensus estimate Thursday, while missing expectations on the EPS front. With its 400G product expected to ramp only in ...
NeoPhotonics Corp. shares are down 5.4% in morning trading Friday after the optoelectronics company posted a sizable miss on the bottom line the prior afternoon. "NeoPhotonics gross margin continued to underperform, in what was otherwise a largely uneventful [report]," wrote Raymond James analyst Simon Leopold, who rates the stock at market perform. "Management did not refute potential inventory builds from Chinese customers but considered these moderate and largely linked to expected regional activity." Needham analyst Alex Henderson said there was "some improvement in the outlook," though it was clouded by issues with mix and foreign exchange. "Even as demand out of China is improving, the mix has surprised with a shift to 100G/200G older products for longhaul backbones," he wrote. "This put a bit of unexpected pressure on GMs which came in at 22.5% below our forecast of 26%." Henderson has a strong buy rating on the shares and a $12 target. The stock has fallen 14% over the past three months, while the S&P 500 has gained 8%.
SAN JOSE, Calif. (AP) _ NeoPhotonics Corp. (NPTN) on Thursday reported a loss of $14.1 million in its first quarter. The San Jose, California-based company said it had a loss of 30 cents per share. The results did not meet Wall Street expectations.
NeoPhotonics Corp (NYSE: NPTN ) recorded 10-percent revenue growth in 2018, with a gross margin expansion of 1,390 basis points between the first and fourth quarters of 2018. The company has high exposure ...
Anyone researching NeoPhotonics Corporation (NYSE:NPTN) might want to consider the historical volatility of the share price. Modern finance theory considers volatility to be a measure of risk, and there are two main types of price...
Many investors define successful investing as beating the market average over the long term. But the risk of stock picking is that you will likely buy under-performing companies. Unfortunately, that'sRead More...
Investors need to pay close attention to NeoPhotonics (NPTN) stock based on the movements in the options market lately.
NeoPhotonics Corp manufactures optoelectronic products that transmits, receives and switches high speed digital optical signals for communication networks. Warning! GuruFocus has detected 2 Warning Signs with NPTN.
NeoPhotonics Corp (NYSE: NPTN ) is scheduled to report its fourth-quarter results after the market close Thursday. The company is likely to announce top-line guidance for the March quarter that's marginally ...