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NeoPhotonics Corp. (NYSE:NPTN) shares surged by 15.22%

Boston, MA 06/07/2013 (wallstreetpr) – The share prices of NeoPhotonics Corp. (NYSE:NPTN) had surged to close at $7.72 per share for the last trading session on Thursday, which was observed to be a gain of 15.22 percent over the previous closing price. The shares of the company had been trading in the range of $6.74 to $7.80 per share, thereby pushing the company to hit new peaks. The shares of NeoPhotonics Corp. (NYSE:NPTN) had thereby recorded 52 week high price level of $7.80 per share and the 52 week low price level of the company is at $4.00 per share.

NeoPhotonics Corp. (NYSE:NPTN) is involved in the design, manufacture and sales of photonic integrated circuit based modules and subsystems for bandwidth intensive, high speed communication networks. The company had reported a record first quarter revenue of $56.1 million, out of which 39 percent of the revenue was secured from the sale of 40./100G products.

Further with the completion of acquisition of the optical components unit of LAPIS semiconductor, which had now been renamed as Neophotonic Semiconductor, the company expects to strengthen its leadership and market opportunity in the 100G product cycle. The shares of NeoPhotonics Corp. (NYSE:NPTN) had witnessed the trade of 241,665 shares on the last trading session of Thursday, while the average trading volume of the company is at 123,374 shares per day.

NeoPhotonics Corp. (NYSE:NPTN) presently holds 30.55 million shares outstanding in the market and the institutional ownership in the company is at 51 percent of its total holdings.

Published by Ruchi Gupta

Swati Goyal has over 6 years of experience in financial research & analysis domain. She has built financial models varying from consumer goods to banks. She has her articles published in leading dailies of the nation

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