Rosenblatt initiated coverage of NeoPhotonics with a rating of Neutral and set a new price target of $16.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/24/2022 | $16.00 | Neutral | Rosenblatt |
| 11/8/2021 | Outperform → Market Perform | Northland Capital Markets | |
| 11/5/2021 | $16.00 | Buy → Neutral | Rosenblatt |
| 11/5/2021 | $15.00 → $16.00 | Buy → Neutral | DA Davidson |
| 11/5/2021 | $16.00 | Buy → Neutral | B. Riley Securities |
| 11/4/2021 | $15.00 → $16.00 | Buy | Needham |
| 9/9/2021 | Underperform → Market Perform | Raymond James |
Mitek Systems, Inc. (NASDAQ:MITK), a global leader in digital identity verification, mobile capture and fraud management, today announced the appointment of James ("J.D.") Fay to its board of directors. Mr. Fay will also serve as a member of the board's audit committee. Mr. Fay, who currently serves as Chief Financial Officer at Matterport, Inc. (NASDAQ:MTTR), brings over two decades of financial strategy and operational expertise to Mitek, having played a key role in scaling technology companies from early growth stages to IPO and acquisition. "We are thrilled to welcome J.D. to our board and believe his extensive experience in financial strategy and guiding companies through growth and t
SAN JOSE, Calif., July 29, 2022 /PRNewswire/ -- Lumentum Holdings Inc. (NASDAQ:LITE) ("Lumentum") and NeoPhotonics Corporation (NYSE:NPTN) ("NeoPhotonics") today announced, in connection with Lumentum's pending acquisition of NeoPhotonics, that Lumentum has obtained antitrust clearance from the People's Republic of China's State Administration for Market Regulation. This clearance satisfies the acquisition's closing condition set forth in the previously announced merger agreement regarding the receipt of antitrust approval in the People's Republic of China. As such, Lumentum currently expects that the NeoPhotonics acquisition will close on or around August 3, 2022. Under the terms of merger
Revenue of $95.0 million represents 46% year-over-year growth over same quarter last year Second sequential quarter with 45+% year-over-year growth; first half revenue of $184 million up 46% from same period last year $61 million of revenue from products for 400G and above applications, contributing 64% of revenue and representing approximately 105% year-over-year growth GAAP Operating Profit of $6.4 million, up from a loss of $16.3 million in the same period last year on the strength of the 400G product ramp NeoPhotonics Corporation (NYSE:NPTN), a leading developer of silicon photonics and advanced hybrid photonic integrated circuit-based lasers, modules and subsystems for bandwid