NeoPhotonics (NPTN) Q4 Revenue Tops Views

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Needham & Company Raises Price Target on NeoPhotonics (NPTN) Following Strong a 4Q

March 2, 2016 7:39 AM EST

Needham & Company reiterated a Buy rating on NeoPhotonics (NYSE: NPTN), and raised the price target to $16.00 (from $12.00), following the company's 4Q earnings report. EPS came in at $0.16 versus street and our estimates at $0.10. The normally seasonally weak first quarter is now expected to be... More