In a report released today, Mark Kelleher from D.A. Davidson maintained a Hold rating on NeoPhotonics (NYSE: NPTN), with a price target of $7.50. The company’s shares opened today at $8.28, close to its 52-week high of $8.49.
According to TipRanks.com, Kelleher is a 4-star analyst with an average return of 6.3% and a 54.5% success rate. Kelleher covers the Consumer Goods sector, focusing on stocks such as Acacia Communications, Lumentum Holdings, and Extreme Networks.
NeoPhotonics has an analyst consensus of Moderate Buy, with a price target consensus of $9.80.
See today’s analyst top recommended stocks >>
Based on NeoPhotonics’ latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $10.54 million. In comparison, last year the company had a GAAP net loss of $9.34 million.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
NeoPhotonics Corp. engages in the design, development, and manufacture of hybrid photonic integrated optoelectronic modules and subsystems for bandwidth-intensive, high-speed communications networks. Its products include Pluggable Coherent Modules, Pluggable Coherent Modules, 100G/400G Client Transceivers, Optical Switching, 100G / 400G Laser Devices and Light Engines, Passive Components, Network Monitoring and Control, and 10G and Low Rate Components. The company was founded on October 31, 1996 and is headquartered in San Jose, CA.
