Needham & Company Maintains a 'Hold' on NeoPhotonics (NPTN); Growth Guidance Was Respectable But Not Enough
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Price: $8.23 --0%
Rating Summary:
4 Buy, 2 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 6 | Down: 13 | New: 18
Rating Summary:
4 Buy, 2 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 6 | Down: 13 | New: 18
Trade NPTN Now!
Needham & Company maintains a 'Hold' on NeoPhotonics (NYSE: NPTN).
Analyst, Alex Henderson, said, "In a difficult environment, NeoPhotonics results stand out as well ahead of expectations at the top-line, Gross Margins, and OPEX lines. Neo also offered a respectable guide for 3Q and pulled in its expected timing of getting to profitability by roughly 1 full quarter. Not bad against a weakening economic backdrop."
FY12 raised from (0.38) to (0.35), but FY13 lowered from $0.11 to $0.07.
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 $4.97 yesterday, with a 52 week range of $3.63-$8.20.
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Analyst, Alex Henderson, said, "In a difficult environment, NeoPhotonics results stand out as well ahead of expectations at the top-line, Gross Margins, and OPEX lines. Neo also offered a respectable guide for 3Q and pulled in its expected timing of getting to profitability by roughly 1 full quarter. Not bad against a weakening economic backdrop."
FY12 raised from (0.38) to (0.35), but FY13 lowered from $0.11 to $0.07.
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 $4.97 yesterday, with a 52 week range of $3.63-$8.20.
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