NeoPhotonics Corporation (NPTN) Given Media Impact Rating of 0.21

Media coverage about NeoPhotonics Corporation (NYSE:NPTN) has trended somewhat positive on Friday, Accern Sentiment reports. The research firm identifies positive and negative news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. NeoPhotonics Corporation earned a daily sentiment score of 0.21 on Accern’s scale. Accern also assigned media coverage about the semiconductor company an impact score of 46.4471395281094 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

These are some of the news headlines that may have effected Accern’s scoring:

Shares of NeoPhotonics Corporation (NYSE NPTN) traded down 1.76% during mid-day trading on Friday, reaching $5.58. 1,272,397 shares of the company’s stock traded hands. The firm has a 50-day moving average of $7.46 and a 200 day moving average of $8.75. The company’s market cap is $243.50 million. NeoPhotonics Corporation has a 12-month low of $5.53 and a 12-month high of $18.51.

NeoPhotonics Corporation (NYSE:NPTN) last announced its quarterly earnings results on Thursday, August 3rd. The semiconductor company reported ($0.15) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.10. NeoPhotonics Corporation had a negative net margin of 7.28% and a negative return on equity of 9.43%. The firm had revenue of $73.20 million for the quarter, compared to the consensus estimate of $71.11 million. During the same period in the prior year, the firm posted $0.15 earnings per share. The company’s revenue for the quarter was down 26.1% on a year-over-year basis. Equities analysts forecast that NeoPhotonics Corporation will post ($0.59) EPS for the current year.

A number of analysts have recently issued reports on NPTN shares. Zacks Investment Research cut shares of NeoPhotonics Corporation from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 27th. ValuEngine cut shares of NeoPhotonics Corporation from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 11th. Raymond James Financial, Inc. restated an “outperform” rating and set a $9.00 target price on shares of NeoPhotonics Corporation in a research note on Monday, July 24th. Rosenblatt Securities started coverage on shares of NeoPhotonics Corporation in a research note on Thursday, May 25th. They set a “buy” rating and a $13.00 target price for the company. Finally, Needham & Company LLC restated a “strong-buy” rating and set a $13.00 target price on shares of NeoPhotonics Corporation in a research note on Monday, June 12th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. NeoPhotonics Corporation presently has an average rating of “Hold” and a consensus price target of $10.22.

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In related news, major shareholder Rusnano sold 180,000 shares of the firm’s stock in a transaction that occurred on Friday, May 26th. The shares were sold at an average price of $9.18, for a total value of $1,652,400.00. Following the sale, the insider now directly owns 4,730,005 shares of the company’s stock, valued at $43,421,445.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Benjamin Lee Sitler sold 33,400 shares of the firm’s stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $8.44, for a total transaction of $281,896.00. Following the completion of the sale, the senior vice president now directly owns 84,711 shares in the company, valued at $714,960.84. The disclosure for this sale can be found here. Over the last three months, insiders sold 359,300 shares of company stock worth $3,243,816. Insiders own 17.30% of the company’s stock.

NeoPhotonics Corporation Company Profile

NeoPhotonics Corporation develops, manufactures and markets optoelectronic products that transmit, receive and switch digital optical signals for communications networks. The Company develops and manufactures Transmitter Products, Receiver Products and Switch Products that are used in ultra-high speed digital optical communications, high speed switching and provisioning, and access connections for wireless and fiber-to-the-home communications networks.

Insider Buying and Selling by Quarter for NeoPhotonics Corporation (NYSE:NPTN)

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