Piper Jaffray: Takeaways from NeoPhotonics' Management Meetings
In a research report published today by Piper Jaffray, meetings went well with NeoPhotonics Corp.'s (NYSE: NPTN) management recently.
Piper Jaffray commented in the report, “NeoPhotonics appears to be one of the better positioned optical component companies currently with significant exposure to the strongest geography for optical products (China), coupled with share gains in NLW tunable lasers and one of the better component plays on the rapidly growing 100G coherent market. While other component suppliers are reporting stable demand outlooks, we believe Neo could experience favorable near-term growth from higher margin product segments.”
Piper Jaffray maintains its Overweight rating and $6.50 PT on NeoPhotonics, which closed yesterday at $4.94.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.