NeoPhotonics Corporation (NPTN) develops, manufactures and markets optoelectronic products that transmit, receive and switch digital optical signals for communications networks.
The Company develops and manufactures Transmitter Products, Receiver Products and Switch Products that are used in ultra-high speed digital optical communications, high speed switching and provisioning, and access connections for wireless and fiber-to-the-home communications networks. The Company's products are categorized into groups, including High Speed Products and Network Products and Solutions.
High Speed Products include products designed for 100G and beyond for telecom and datacenter or content provider networks and applications. Network Products and Solutions consist of various products designed for applications below 100G, and include 40G products.
The Company combines its transmitter and receiver products into Transceiver modules. Its Switching Products, such as Multi-Cast Switches, are used primarily in Reconfigurable Optical Add Drop Multiplexer (ROADM) nodes that allocate bandwidth to adjust for fast changing traffic patterns and for provisioning software defined networks.
The company sells its products to network equipment manufacturers through a direct sales force in North America, Europe, Russia, Asia, and internationally.
Shares have formed a bullish "cup and handle" and are expected to head higher from this formation.
52-Weeks Trading Range: $6.26 - $18.51
Entry Point: $16.50
Stop Loss: $15.50
Target Price: $18.20
NPTN closed at $15.00