Rosenblatt Securities analyst Michael Genovese maintained a Hold rating on NeoPhotonics (NPTN – Research Report) yesterday and set a price target of $16.00. The company’s shares closed last Monday at $15.75, close to its 52-week high of $16.14.
According to TipRanks.com, Genovese is a 5-star analyst with an average return of 11.1% and a 57.2% success rate. Genovese covers the Technology sector, focusing on stocks such as Juniper Networks, Extreme Networks, and Arista Networks.
The word on The Street in general, suggests a Hold analyst consensus rating for NeoPhotonics with a $16.00 average price target.
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NeoPhotonics’ market cap is currently $844.4M and has a P/E ratio of -24.74.
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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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