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NeoPhotonics Corporation (NPTN) Surges: Stock Moves 16% Higher

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NeoPhotonics Corporation (NPTN) was a big mover last session, as the company saw its shares rise by over 16% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $5.49 to $6.05 in the past one-month time frame.

This semi communication services company has seen no estimate revision over the past 30 days while its Zacks Consensus Estimate moved higher over the same time frame, suggesting that more solid trading could be ahead for NeoPhotonics Corporation. So make sure to keep an eye on this stock going forward to see if yesterday’s move higher can turn into more strength down the road.

NeoPhotonics Corporation currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.

Some better-ranked stocks in the technology sector include Blucora, Inc. (BCOR - Free Report) , Ikanos Communications, Inc. and Marvell Technology Group Ltd. (MRVL - Free Report) . While Blucora holds a Zacks Rank #1 (Strong Buy), Ikanos Communications and Marvell Technology Group carry a Zacks Rank #2 (Buy).

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