NeoPhotonics Corporation (NPTN) Soars 7.37%

NeoPhotonics Corporation (NPTN) Soars 7.37%

NeoPhotonics Corporation is a NeoPhotonics Corp develops, manufactures, and sells products that transmit, receive, and switch high speed digital optical signals for communications networks.

NeoPhotonics Corporation (NPTN) had a good day on the market for Wednesday March 31 as shares jumped 7.37% to close at $11.95. About 1.96 million shares traded hands on 15,530 trades for the day, compared with an average daily volume of n/a shares out of a total float of 50.78 million. After opening the trading day at $11.23, shares of NeoPhotonics Corporation stayed within a range of $12.27 to $11.19.

With today’s gains, NeoPhotonics Corporation now has a market cap of $606.85 million. Shares of NeoPhotonics Corporation have been trading within a range of $14.15 and $5.75 over the last year, and it had a 50-day SMA of $n/a and a 200-day SMA of $n/a.

NeoPhotonics Corp develops, manufactures, and sells products that transmit, receive, and switch high speed digital optical signals for communications networks. NeoPhotonics’ products are offered under segments High Speed Products and Network Products and Solutions. Traditionally, products from the High Speed Products segment have been used at high data rates for telecom, datacenter, or content provider networks and applications. Alongside these products, the company offers products for lower data rates in addition to passive optical products that do not have a specific data rate. Products manufactured and developed by NeoPhotonics include transmitter products, receiver products, and switch products. The company sells its slate of products globally.

NeoPhotonics Corporation is based out of San Jose, CA and has some 1,200 employees. Its CEO is Timothy Jenks.

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