NeoPhotonics Corporation (NYSE:NPTN) is reporting third quarter financial results on Monday 2nd November 2020, after market close.
According to analysts surveyed by Thomson Reuters, NPTN is expected to report 3Q20 income of $ 0.11 per share from revenue of $ 101.67 million.
For the full year, analysts anticipate top line of $ 370.48 million, while looking forward to income of $ 0.31 per share bottom line.
The Company Outlook
Earnings for 3Q20 are anticipated in a range of $ 0.10 ~ $ 0.14 per share, while revenues are expected in a range of $ 101.00 million ~ $ 103.00 million
Click Here For More Historical Outlooks Of NeoPhotonics Corporation
Previous Quarter Performance
NeoPhotonics Corporation posted income for the second quarter of $ 0.16 per share, from the revenue of $ 103.17 million. The quarterly revenues extended 26.29 percent compared with the same quarter last year. Wall street analysts are predicting, NPTN to report 2Q20 income of $ 0.12 per share from revenue of $ 99.50 million. The bottom line results beat street analysts by $ 0.04 or 33.33 percent, at the same time, top line results outshined analysts by $ 3.67 million or 3.69 percent.
Stock Performance
On Friday, shares of NeoPhotonics Corporation has traded high as $ 6.97 and has cracked $ 6.70 on the downward trend, reaching $ 6.81 with volume of 730.10 thousand shares.
According to the previous trading day, closing price of $ 6.81, representing a 50.75 % increase from the 52 week low of $ 4.65 and a 32.21 % decrease over the 52 week high of $ 10.34.
The company has a market capital of $ 337.54 million and is part of the Technology sector and Semiconductors industry.
Recent Analyst recommendations
- On 8th October 2020, downgraded by JPMorgan Chase & Co. to Neutral from Overweight rating.
- On 6th October 2020, maintained by Rosenblatt Securities at Neutral rating, with $ 7.00 target price.
Conference Call
NeoPhotonics Corporation will be hosting a conference call at 4:30 PM eastern time on 2nd November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.neophotonics.com
NeoPhotonics Corporation develops, manufactures, and sells optoelectronic products that transmit, receive, and switch high speed digital optical signals for communications networks. It offers high speed products, including transmitter, receiver, and switching products for 100G (gigabits per second) and optical transmission applications over distances of 2 to 2,000 kilometers; optical components for coherent systems, including narrow linewidth tunable transmit and local oscillator lasers (NLW-ITLA) that generate ultra-pure wavelength or color for coherent transmission, as well as coherent micro-modulators, which encode the information on the intensity and phase of the optical beam; and integrated coherent receivers (ICRs) that decode the phase and polarization encoded coherent signals. The company also engages in developing pluggable coherent modules that combine NLW-ITLA with ICR and a coherent modulator; and offers 100G products for the client side and datacenter applications.
