NeoPhotonics (NPTN): Buy Ahead Of Earnings - Needham

October 31, 2016 7:29 AM EDT
Get Alerts NPTN Hot Sheet
Price: $10.44 -2.79%

Rating Summary:
    6 Buy, 3 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 22 | New: 54
Trade NPTN Now!
Join SI Premium – FREE

Get daily under-the-radar research with's Stealth Growth Insider Get your 2-Wk Free Trial here.

Needham & Company analyst, Alex Henderson, reiterated his Strong Buy on NeoPhotonics (NYSE: NPTN) and raised the price target to $24 from $22 ahead of the CY3Q print scheduled for Nov 3. The analyst expects a strong beat and raise quarter driven by new capacity on iTLA coherent lasers and strong growth in both coherent receivers and 25G lasers.

The analyst stated "We think the Optical stocks are likely to regain the lost momentum on the OCLR and NPTN prints as well as from our Nov 2 conference".

For an analyst ratings summary and ratings history on NeoPhotonics click here. For more ratings news on NeoPhotonics click here.

Shares of NeoPhotonics closed at $13.91 yesterday.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst EPS Change, Analyst PT Change

Related Entities

Needham & Company, Earnings

Add Your Comment