Growth stocks can be some of the most exciting picks in the market, as these high-flyers can captivate investors’ attention, and produce big gains as well. However, they can also lead on the downside when the growth story is over, so it is important to find companies which are still seeing strong growth prospects in their businesses.

One such company that might be well-positioned for future earnings growth is NeoPhotonics Corporation . This firm, which is in the Semiconductor - Communications industry, saw significant EPS growth last year, and is looking great for this year too.

In fact, the current growth estimate for this year calls for massive earnings-per-share growth. Furthermore, the long-term growth rate is currently an impressive 15%, suggesting pretty good prospects for the long haul.

NeoPhotonics Corporation Price and Consensus

NeoPhotonics Corporation price-consensus-chart | NeoPhotonics Corporation Quote

And if this wasn’t enough, the stock has actually seen estimates rise over the past month for the current fiscal year by about 41.7%. Thanks to this rise in earnings estimates, NPTN has a Zacks Rank #2 (Buy) which further underscores the potential for outperformance in this company. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

So if you are looking for a fast growing stock that is still seeing plenty of opportunities on the horizon, make sure to consider NPTN. Not only does it have double-digit earnings growth prospects, but its impressive Zacks Rank suggests that analysts believe better days are ahead for NPTN as well.

Just Released: Zacks’ 7 Best Stocks for Today

Experts extracted 7 stocks from the list of 220 Zacks Rank #1 Strong Buys that has beaten the market more than 2X over with a stunning average gain of +24.7% per year.

These 7 were selected because of their superior potential for immediate breakout.

See these time-sensitive tickers now >>