Needham analyst Alex Henderson believes NeoPhotonics was a relative bargain before the stock's selloff and is now an even bigger one after what he sees as a "gross over-reaction" to the Huawei subpoena news. Henderson says NeoPhotonics' shares could quite possibly "more than double" over the next several years. The company is seeing sold-out conditions across the bulk of its product lines and should benefit from a multi-year optical buildout in China, strong metro core rollouts globally and a strong Data Comm cycle, the analyst tells investors in a research note. He reiterates a Buy rating and $17 price target on the shares.