NeoPhotonics (NPTN) Tops Q2 EPS by 4c, Revenues Beat; Offers 3Q Revenue Mid-Point Guidance Above Consensus, Provides 3Q EPS Outlook

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NeoPhotonics (NPTN) PT Lowered to $9 at Rosenblatt

August 5, 2020 6:59 AM EDT

Rosenblatt analyst Ryan Koontz lowered the price target on NeoPhotonics (NYSE: NPTN) to $9.00 (from $10.00) while maintaining a Neutral rating.

The analyst commented, "NPTN reported solid 2Q20 results (AMC), beating consensus revenue (by +4%) and EPS (+$0.05). 3Q20 revenue guidance was inline with consensus estimates, but earnings... More