NeoPhotonics Corp NPTN shares are trading higher by $1.08 (12 percent) at $9.16 in Thursday's session.
After Tuesday's close, the company reported a Q4 beat of a nickel along with a beat for sales. The manufacturer and marketer of optoelectroinc products used in high-speed digital optical communications forecasts Q1 adj. EPS to be in $(0.30)-$(0.20) range on sales of $67-$73 million.
The issue has reacted to the report in a extremely volatile fashion. After a much lower open, it immediately bottomed at $6.90 and sharply reversed course. That marks the lowest level for the issue since October 2015, when it bottomed at $6.26.
In a straight-up manner, the issue raced to $9.49 before falling back to the $9.00 area. That high is just shy of its March 10 high of $9.56.
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