NPTN Stock Recent News

Lumentum on Tuesday reported fiscal fourth-quarter earnings and sales that topped estimates. But LITE stock fell as EPS guidance came in below expectations.

NeoPhotonics (NPTN) delivered earnings and revenue surprises of 150% and 1.01%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

NeoPhotonics, NPTN, is an optoelectronics manufacturer being acquired by one of its larger peers Lumentum, LITE. This is a highly strategic transaction that is likely to pass its main hurdle, Chinese antitrust review.

Here is how NeoPhotonics (NPTN) and Photronics (PLAB) have performed compared to their sector so far this year.

NeoPhotonics (NPTN) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.