NeoPhotonics (NPTN) Tops Q2 EPS by 1c; Guides Q3 Below Views
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Needham & Company Raises Price Target on NeoPhotonics (NPTN) Following 2Q Results
August 9, 2016 6:53 AM EDTNeedham & Company reiterated a Strong Buy rating on NeoPhotonics (NYSE: NPTN), and raised the price target to $20.00 (from $18.00), following the company's 2Q earnings report. By CY4Q end, Neo should be producing roughly 75,000 iTLAs per quarter up from 28,000 in CY1Q. Needham increased revenue... More
