NeoPhotonics Corporation NPTN was a big mover last session, as the company saw its shares rise nearly 11% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company — as the stock is now down 26.6% in the past one-month time frame.
The company’s Zacks Consensus Estimate for the current quarter has moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
NeoPhotonics currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Investors interested in the Semiconductor – Communications industry may consider a better-ranked stock like Nitto Denko Corporation NDEKY, which carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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