The COO of NeoPhotonics is Exercising Options

Today it was reported that the COO of NeoPhotonics (NYSE: NPTN), Chiyue Cheung, exercised options to sell 10,000 NPTN shares at $3.50 a share, for a total transaction value of $81K. The options were close to expired and Chiyue Cheung disposed stocks.

Following Chiyue Cheung’s last NPTN Sell transaction on July 06, 2017, the stock climbed by 0.5%. In addition to Chiyue Cheung, one other NPTN executive reported Sell trades in the last month.

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Based on NeoPhotonics’ latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $81.1 million and GAAP net loss of $10.54 million. In comparison, last year the company earned revenue of $73.21 million and had a GAAP net loss of $9.34 million. Currently, NeoPhotonics has an average volume of 632K.

Based on 4 analyst ratings, the analyst consensus is Strong Buy with an average price target of $10.63, reflecting a 32.9% upside.

The insider sentiment on NeoPhotonics has been negative according to 22 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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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.