NeoPhotonics Corporation (NPTN) was a big mover last session, as the company saw its shares rise nearly 15% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $2.42 to $2,78 since Aug 5.
The company has seen one positive revision in the past 30 days and its Zacks Consensus Estimate moved higher over the same time frame, suggesting that more solid trading could be ahead for NeoPhotonics. So make sure to keep an eye on this stock going forward to see if yesterday’s jump can turn into more strength down the road.
NeoPhotonics currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
However, better-ranked stocks in the semi-communications industry include Cypress Semiconductor Corporation (CY), TriQuint Semiconductor, Inc. (TQNT) and Broadcom Corp. (BRCM). While Cypress Semiconductor and TriQuint Semiconductor sport a Zacks Rank #1 (Strong Buy), Broadcom has a Zacks Rank #2 (Buy).
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