Advertisement

Will NeoPhotonics Continue to Surge Higher?

As of late, it has definitely been a great time to be an investor NeoPhotonics Corporation NPTN.The stock has moved higher by 9.7% in the past month, while it is also above its 20 Day SMA too. This combination of strong price performance and favorable technical, could suggest that the stock may be on the right path.

We certainly think that this might be the case, particularly if you consider NPTN’s recent earnings estimate revision activity. From this look, the company’s future is quite favorable; as NPTN has earned itself a Zacks Rank #2 (Buy), meaning that its recent run may continue for a bit longer, and that this isn’t the top for the in-focus company. You can see the complete list of today’s Zacks #1 Rank stocks here.

The Hottest Tech Mega-Trend of All                

Last year, it generated $24 billion in global revenues. By 2020, it's predicted to blast through the roof to $77.6 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.

See Zacks' 3 Best Stocks to Play This Trend >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
NeoPhotonics Corporation (NPTN) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research