NeoPhotonics Reports Second Quarter 2016 Financial Results
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Needham & Company Raises Price Target on NeoPhotonics (NPTN) Following 2Q Results
August 9, 2016 6:53 AM EDTNeedham & Company reiterated a Strong Buy rating on NeoPhotonics (NYSE: NPTN), and raised the price target to $20.00 (from $18.00), following the company's 2Q earnings report. By CY4Q end, Neo should be producing roughly 75,000 iTLAs per quarter up from 28,000 in CY1Q. Needham increased revenue... More
NeoPhotonics (NPTN) Tops Q2 EPS by 1c; Guides Q3 Below Views
August 8, 2016 4:41 PM EDTNeoPhotonics (NYSE: NPTN) reported Q2 EPS of $0.15, $0.01 better than the analyst estimate of $0.14. Revenue for the quarter came in at $99.1 million versus the consensus estimate of $101.82 million.
GUIDANCE:
NeoPhotonics sees Q3 2016 EPS of $0.09-$0.17, versus the consensus of $0.19. NeoPhotonics sees Q3... More
