NeoPhotonics (NPTN) PT, Estimates Lowered at Needham & Company

June 20, 2014 11:50 AM EDT
Get Alerts NPTN Hot Sheet
Price: $10.43 -2.89%

Rating Summary:
    6 Buy, 3 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 11 | Down: 20 | New: 54
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Needham & Company analyst Alex Henderson lowered estimates and its price target on Buy-rated NeoPhotonics (NYSE: NPTN) to $7.00 (from $10.00) but maintained Buy rating.

Henderson comments, "NPTN continues to struggle toward profitability. CY1Q results and the CY2Q guide were essentially in-line with our forecast. Management is upbeat on strengthening demand and believes they are well positioned to ramp a number of new products to capitalize on the 100g and metro trends. They also called out the 100g ramp in China. We are edging our margin estimates a tad lower but for the most part our model remains unchanged."

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 $4.16 yesterday.

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