NeoPhotonics Corporation Technology | Semiconductor - Broad Line | USA NeoPhotonics Corporation develops, manufactures, and sells hybrid photonic integrated optoelectronic products that transmit, receive, and switch high speed digital optical signals for communications networks. It offers high speed products, including transmitter, receiver, and switching products for 100G (gigabits per second) 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), which generates ultra-pure wavelength, or color for coherent transmission, as well as integrated coherent receivers (ICRs), which decodes the phase and polarization encoded coherent signal. The company also engages in developing pluggable coherent modules that combine NLW-ITLA with ICR and with a coherent modulator; and offers 100G products for the client side and datacenter applications, as well as components, such as externally modulated lasers and high-speed drivers. In addition, it offers network products and solutions, including application-specific passive optical functionalities in modules or sub-system configurations; and products for test and measurement, instrumentation, industrial, and research applications. The company sells its products to network equipment manufacturers through a direct sales force in North America, Europe, Russia, Asia, and internationally. The company was formerly known as NanoGram Corporation and changed its name to NeoPhotonics Corporation in 2002. NeoPhotonics Corporation was founded in 1996 and is headquartered in San Jose, California.
NeoPhotonics -20%; offloads low-speed unit, decreases Q4 guidance Through a transaction valued at $26.4M, NeoPhotonics agrees to sell its access and low-speed transceiver business (intellectual property, inventory, fixed assets for PON products including GPON and GEPON transceivers at up to 10G data rates, and 10G and below telecom, bidirectional and speciality transceiver products) to APAT Optoelectronics Components of Shenzhen, China. Updating prior Q4 outlook given high-speed product demand that's exceeding supply capacity, lower-than-expected production yields and resulting shipment delays and higher manufacturing costs, NeoPhotonics now projects Q4 at $105M-$109M in revenue (vs. $109M-$115M guided November 3), 28%-31% gross margins (vs. 30%-33%), $27M-$29M (vs. $26M-$28M) in operating expenses, and $0.03-$0.11 in EPS (vs. $0.13-$0.21).
Nice find. Classic Phase E with PnF price objective of $33.25. Fell as low as 10.43 after the bell. It will interesting to see if tomorrow's regular trading results in stopping action.
I guess they must have re-checked their numbers...."yep $11". Gee, such generosity of B. Riley to offer such accurate and useful free advice to the retail schmucks.
Well will ya lookie there, stopping action; no follow thru on that terror-able news....I forgot what it was already. The boyz were buying it. Hmmm, might be a buy for me too; wait and see if a retest shows low supply; that they got all the weak public hands out of the stock. Possible downside PnF objective is $9 and upside $33. Daily Sticks:
