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NPTN $16.01

NPTN target price
16.01
0
0
NeoPhotonics Corporation
Type
Public
Traded as NYSE: NPTN
Founded 1996
Headquarters 2911 Zanker Road, San Jose, California, United States
Key people
Timothy S. Jenks (Chairman, CEO & President)

NeoPhotonics Corporation is an American public corporation based in San Jose, California. It was founded in 1996. The company develops, manufactures and sells optoelectronic products that transmit, receive and switch high speed digital optical signals for communications networks, These products include transceivers, tunable lasers, high bandwidth receivers, optical semiconductors, photonic integrated circuits, and 100 gigabit per second and above modules." These are each "cost-effective components that handle massive amounts of data at very high speeds".

NeoPhotonics products primarily implement coherent technology and include those designed for 100G and beyond data rates, such as at 200G, 400G and 600G, for telecom and datacenter or content provider networks and applications. The company's high speed 100G and beyond coherent products are based on Advanced Hybrid Photonic Integration technology.

Applications in coherent transmission use not only amplitude but also phase and polarization to increase data rates tenfold or more over conventional “on-off” transmission protocols. Coherent transmission is also necessary for next-generation flexible and efficient switching of signals individual wavelength without conflict or contention between wavelengths in an optical network, such as Software Defined Networks. Coherent transmission has become the technology of choice for the most advanced high speed telecommunications networks today.

Revenues from the company's high speed products have grown rapidly due to the rapid expansion of telecom backbone and content provider networks accommodating increased mobile traffic. Initial adoption of the company's 100G coherent products were in the Long Haul market sector, over the next several years it is expect that growth in 100G and beyond will be mainly driven by adoption of 100G coherent products in the much larger Metro market sector and the datacenter market for large web-scale data network market.

NeoPhotonics Corporation is listed on the New York Stock Exchange under the ticker symbol NPTN.

The company was co-founded by Chinese-born Sean Bi and Japanese-born Nobuyuki Kambe in 1996. The two men were introduced by one of Bi's professors at the Massachusetts Institute of Technology (MIT). Meanwhile, the company received an initial investment of US$1 million from Pete Thomas at Institutional Venture Partners. The company was initially called NanoGram Corporation, and pursued development of technologies and applications using inorganic nanomaterials. The company changed its name to NeoPhotonics Corporation in 2002.

At that time, and according to Forbes, in 2002, in the midst of the tech bubble, the company was reorganized into three companies: NanoGram Devices, which kept the battery-making technology for medical devices; NeoPhotonics, which went after the optical devices market; and a third firm, NanoGram Corp., which initially managed the intellectual property and then further developed optical and polymer films using nanomaterials. It also received US$35 million from investors in 2002. In early 2003 the company acquired Lightwave Microsystems, a manufacturer of silica-on-silica passive integrated optical products. Late that year, again in 2003, the company filed for reorganization under bankruptcy. Shortly thereafter, after completing their reorganization and exiting bankruptcy, the company sold NanoGram Devices for approximately US$45 million to Greatbatch Technologies.

In 2005, the company acquired ownership in Photo Tenchnology Co., Ltd., a Chinese manufacturer of optoelectric devices and modules, based in Shenzhen, China. By 2006 they acquired most all of Photon's outstanding shares. In the following years, NeoPhotonics further acquired optical component companies Optun, Inc., Lightconnect, Inc., BeamExpress, Inc., and Paxera Corp.

The company completed is initial public offering (IPO) on the New York Stock Exchange on February 2, 2011. As of October 2016, the market capitalization of NeoPhotonics Corporation was approximately $700 million.

As of June 2016, the company owned approximately 550 US patents and 100 patents overseas. The company operates manufacturing in Silicon Valley, California; Tokyo, Japan; and Shenzhen, China.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q3 2022 2022-11-02 Future report Set alerts
Q2 2022 2022-07-25 0.15 0.15
Q1 2022 2022-04-28 0.04 0.04
Q4 2021 2022-02-24 -0.06 -0.06
Q3 2021 2021-11-04 0.01 0.01
Q2 2021 2021-08-03 -0.22 -0.22
Q1 2021 2021-04-29 0.00 0.00
Q4 2020 2021-02-25 0.00 0.00
Q3 2020 2020-11-02 0.11 -0.10
Q2 2020 2020-08-04 0.16 0.11

Ratings

2016-06-17 Reiterated Rating Needham & Company LLC Buy $17.00
2016-06-05 Reiterated Rating B. Riley Neutral $10.75
2016-06-04 Reiterated Rating Needham & Company LLC Buy $17.00
2016-06-01 Reiterated Rating Piper Jaffray Overweight $17.00
2016-06-01 Reiterated Rating Piper Jaffray Cos. Overweight $17.00
2016-05-31 Reiterated Rating B. Riley Neutral $10.75
2016-05-02 Reiterated Rating B. Riley Neutral $14.00
2016-05-01 Reiterated Rating Needham & Company LLC Buy $17.00
2016-04-27 Reiterated Rating B. Riley Neutral $12.00
2016-04-05 Reiterated Rating Piper Jaffray Buy $15.00 to $17.00
2016-03-28 Boost Price Target Northland Securities Outperform $15.00 to $17.50
2016-03-07 Reiterated Rating B. Riley Neutral $12.00
2016-03-05 Reiterated Rating Piper Jaffray Buy
2016-03-03 Reiterated Rating Craig Hallum Buy
2016-03-02 Boost Price Target Piper Jaffray Overweight $13.00 to $15.00
2016-03-02 Boost Price Target Needham & Company LLC Buy $12.00 to $16.00
2016-03-02 Reiterated Rating B. Riley Neutral $9.25 to $12.00
2016-02-26 Boost Price Target B. Riley Neutral $9.25 to $12.00
2016-02-22 Initiated Coverage Piper Jaffray Overweight $13.00
2016-02-03 Upgrade Raymond James Outperform to Strong-Buy $11.00
2016-02-03 Upgrade Raymond James Financial Inc. Outperform to Strong-Buy $11.00
2015-12-07 Boost Price Target Northland Securities Outperform $10.00 to $13.00
2015-11-09 Reiterated Rating B. Riley Neutral $9.25
2015-11-06 Downgrade Raymond James Strong-Buy to Outperform $10.00 to $10.50
2015-11-04 Reiterated Rating B. Riley Neutral $9.25
2015-10-30 Reiterated Rating B. Riley Neutral $8.75
2015-09-21 Reiterated Rating Needham & Company LLC Buy $12.00
2015-08-18 Initiated Coverage Northland Securities Outperform $10.00
2015-08-12 Downgrade B. Riley Neutral $8.75
2015-08-10 Upgrade Raymond James Outperform to Strong-Buy
2015-08-07 Downgrade B. Riley Buy to Neutral $8.75
2015-08-07 Reiterated Rating Craig Hallum Buy $13.00 to $11.00
2015-08-05 Downgrade B. Riley Buy to Neutral $10.75 to $8.75
2015-06-17 Boost Price Target Needham & Company LLC Buy $7.00 to $12.00
2015-06-11 Upgrade Raymond James Market Perform to Outperform $11.00
2015-06-01 Reiterated Rating B. Riley Buy $10.75
2015-05-06 Reiterated Rating B. Riley Buy $7.75
2015-03-05 Reiterated Rating B. Riley Buy $7.75
2015-02-26 Reiterated Rating B. Riley Buy $7.50
2014-08-08 Reiterated Rating Piper Jaffray Overweight $5.00 to $4.00
2014-06-23 Reiterated Needham Buy $10 to $7
2014-06-23 Lower Price Target Needham & Company LLC Buy $10.00 to $7.00
2014-06-17 Reiterated Rating B. Riley Buy $9.00 to $7.75
2014-05-20 Lower Price Target B. Riley Buy $11.75 to $9.00
2014-05-20 Reiterated Rating Deutsche Bank Hold $5.50 to $4.50
2014-05-19 Lower Price Target Piper Jaffray $7.50 to $5.00
2014-04-14 Reiterated Rating Needham & Company LLC Buy
2014-04-11 Boost Price Target Piper Jaffray $7.00 to $7.50
2014-04-10 Reiterated Rating Deutsche Bank Hold $5.00 to $5.50
2014-04-10 Initiated Coverage Raymond James Outperform to Market Perform
2014-03-10 Reiterated Rating Raymond James Outperform $8.50
2014-03-10 Downgrade Needham & Company LLC Outperform $8.50
2013-12-17 Initiated Coverage B. Riley Buy
2013-11-15 Downgrade Needham Strong Buy to Buy $13 to $10
2013-11-15 Lower Price Target Piper Jaffray Overweight $9.00 to $7.00
2013-11-15 Downgrade Needham & Company LLC Strong-Buy to Buy $13.00 to $10.00
2011-03-15 Initiated Deutsche Bank Hold $11
2011-03-14 Initiated Morgan Keegan Outperform $13.15
2016-06-17 Reiterated Rating Needham & Company LLC Buy $17.00
2016-06-05 Reiterated Rating B. Riley Neutral $10.75
2016-06-04 Reiterated Rating Needham & Company LLC Buy $17.00
2016-06-01 Reiterated Rating Piper Jaffray Overweight $17.00
2016-06-01 Reiterated Rating Piper Jaffray Cos. Overweight $17.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
CARANO BANDEL L 16.81%  (5470780) KTOS / NPTN /
RUSNANO 12.97%  (4222905) BIND / NPTN /
Peng Yat Bun 2.61%  (850644) NPTN /
THOMAS T PETER 2.35%  (765325) NPTN /
Jenks Timothy Storrs President, CEO and Chairman 0.89%  (290973) NPTN /
Sitler Benjamin Lee VP, Global Sales 0.37%  (121211) NPTN /
ABBE CHARLES J 0.23%  (74010) NPTN /
WALLIN RAY SVP, CFO 0.18%  (57982) MCRL / NPTN /
Wupen Yuen VP, Product Dev.& Engineering 0.14%  (46726) NPTN /
Lipscomb George Ferris VP, Marketing 0.09%  (30230) NPTN /
Fay James Daniel VP, CFO & Assistant Secretary 0.06%  (17904) NPTN /
SOPHIE MICHAEL J 0.04%  (14318) NPTN / PSEM /
Ting Lee Sen 0.04%  (13462) NPTN /
Akhanov Dmitry 0.04%  (13228) NPTN /
RAMASWAMI RAJIV 0.04%  (13228) NPTN / VMW /
Polikarpov Sergey 0.01%  (3090) NPTN /
Tarazi Ihab Saad 0.01%  (2656) NPTN /