NeoPhotonics Corporation (NYSE:NPTN) was a big mover last session, as the company saw its shares rise 6% on the day. The stock rallied after the company’s management announced that it expects revenue growth to accelerate from over 20% in 2016 to more than 25% from 2017 to 2019. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $14.71 to $16.79 in the past one-month time frame.
In the last 30 days, the company has seen no estimate revision and the Zacks Consensus Estimate also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
NeoPhotonics Corp. currently carries a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%.
A better-ranked stock from the broader Technology sector is Applied Optoelectronics, Inc. (NASDAQ:AAOI) , which holds a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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NEOPHOTONICS CP (NPTN): Free Stock Analysis Report
APPLIED OPTOELE (AAOI): Free Stock Analysis Report
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