Neophotonics Corp (NYSE:NPTN) Stock Sentiment Worsens

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Sentiment for Neophotonics Corp (NYSE:NPTN)

Neophotonics Corp (NYSE:NPTN) institutional sentiment decreased to 1.32 in Q3 2018. Its down -0.12, from 1.44 in 2018Q2. The ratio has dropped, as 41 active investment managers opened new and increased equity positions, while 31 trimmed and sold equity positions in Neophotonics Corp. The active investment managers in our partner’s database now possess: 26.11 million shares, up from 25.22 million shares in 2018Q2. Also, the number of active investment managers holding Neophotonics Corp in their top 10 equity positions increased from 0 to 2 for an increase of 2. Sold All: 9 Reduced: 22 Increased: 24 New Position: 17.

NeoPhotonics Corporation develops, manufactures, and sells hybrid photonic integrated optoelectronic products that transmit, receive, and switch high speed digital optical signals for communications networks. The company has market cap of $321.42 million. It offers high speed products, including transmitter, receiver, and switching products for 100G and optical transmission applications over distances of 2 to 2,000 kilometers; and optical components for coherent systems, including narrow linewidth tunable transmit and local oscillator lasers (NLW-ITLA) that generates ultra-pure wavelength or color for coherent transmission, as well as integrated coherent receivers (ICRs), which decodes the phase and polarization encoded coherent signals. It currently has negative earnings. The firm 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.

The stock decreased 2.79% or $0.2 during the last trading session, reaching $6.98. About 254,148 shares traded. NeoPhotonics Corporation (NYSE:NPTN) has declined 1.07% since January 14, 2018 and is downtrending. It has underperformed by 1.07% the S&P500.

Analysts await NeoPhotonics Corporation (NYSE:NPTN) to report earnings on March, 7. They expect $-0.11 EPS, up 64.52 % or $0.20 from last year’s $-0.31 per share. After $-0.12 actual EPS reported by NeoPhotonics Corporation for the previous quarter, Wall Street now forecasts -8.33 % EPS growth.

Cooper Creek Partners Management Llc holds 5.69% of its portfolio in NeoPhotonics Corporation for 1.06 million shares. Awm Investment Company Inc. owns 2.37 million shares or 3.25% of their US portfolio. Moreover, White Pine Capital Llc has 1.06% invested in the company for 358,905 shares. The New York-based Springowl Associates Llc has invested 0.77% in the stock. Northpointe Capital Llc, a Michigan-based fund reported 437,348 shares.

Since January 1, 0001, it had 0 insider purchases, and 3 sales for $292,923 activity.

More notable recent NeoPhotonics Corporation (NYSE:NPTN) news were published by: Seekingalpha.com which released: “Stocks To Watch: Action From Detroit And ICR – Seeking Alpha” on January 12, 2019, also Streetinsider.com with their article: “Form 8-K NEOPHOTONICS CORP For: Jan 14 – StreetInsider.com” published on January 14, 2019, Seekingalpha.com published: “NeoPhotonics Corporation (NPTN) CEO Tim Jenks on Q3 2018 Results – Earnings Call Transcript – Seeking Alpha” on November 02, 2018. More interesting news about NeoPhotonics Corporation (NYSE:NPTN) were released by: Seekingalpha.com and their article: “CNAT, AVA and MOMO among premarket losers – Seeking Alpha” published on December 06, 2018 as well as Seekingalpha.com‘s news article titled: “NeoPhotonics: The Time Has Come – Seeking Alpha” with publication date: October 23, 2018.

NeoPhotonics Corporation (NYSE:NPTN) Institutional Positions Chart

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