Why NeoPhotonics Stock Crashed Today [The Motley Fool]
NeoPhotonics Corporation (NPTN)
Last neophotonics corporation earnings: 4/30 04:05 pm
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Source: The Motley Fool
A high-ranking executive at the optoelectronic-components maker's largest client is at the center of high-stakes political drama today -- and not in a good way. Anders Bylund ( TMFZahrim ) Dec 6, 2018 at 2:33PM What happened Shares of NeoPhotonics ( NYSE:NPTN ) plunged as much as 24.3% lower on Thursday morning, pummeled by a bearish analyst note. As of 1:30 p.m. EST, the stock had recovered slightly to a 19.1% drop. So what The maker of optoelectronic components and modules, designed for use in high-speed networking equipment, held a private meeting with analyst firm B. Riley FBR on Wednesday. The next morning, B. Riley analyst Dave Kang downgraded the stock from buy to neutral with a 25% lower price target on the stock. Kang cited uncertainty around NeoPhotonics' business with Chinese networking giant Huawei , as that company's chief fina
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