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Fly News Breaks for February 28, 2020
NPTN
Feb 28, 2020 | 08:49 EDT
Craig-Hallum analyst Richard Shannon raised the firm's price target on NeoPhotonics to $10 from $8.50 and keeps a Buy rating on the shares following the company's Q4 results and in-line Q1 guidance despite coronavirus headwinds. Shannon says NeoPhotonics is performing well in a healthy environment, although he is cognizant of multiple risks and thinks the company will be profitable every quarter this year, which hasn't happened since 2016.
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