The COO of NeoPhotonics is Exercising Options


Today it was reported that the COO of NeoPhotonics (NPTN), Chiyue Cheung, exercised options to sell 12,000 NPTN shares at $3.50 a share, for a total transaction value of $69.36K. The options were close to expired and Chiyue Cheung disposed stocks.

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Based on NeoPhotonics’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $79.37 million and GAAP net loss of $14.09 million. In comparison, last year the company earned revenue of $68.59 million and had a GAAP net loss of $18.25 million. Currently, NeoPhotonics has an average volume of 829.4K.

Based on 4 analyst ratings, the analyst consensus is Strong Buy with an average price target of $10.06, reflecting a 76.5% upside.

The insider sentiment on NeoPhotonics has been positive according to 25 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

Chiyue Cheung’s trades have generated a 31.4% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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NeoPhotonics Corp. engages in the design, manufacture, and sale of hybrid photonic integrated optoelectronic modules and subsystems for bandwidth-intensive communications networks. Its product portfolio includes pluggable coherent modules, coherent-components, 100G/400G client transceivers, optical switching, high speed ICs, 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.

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