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NPTN NeoPhotonics Corporation

16.01
0.00 (0.00%)
01 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
NeoPhotonics Corporation NYSE:NPTN NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 16.01 0 01:00:00

Glancy Prongay & Murray LLP Commences Investigation on Behalf of NeoPhotonics Corporation Investors

21/12/2016 7:23pm

Business Wire


NeoPhotonics (NYSE:NPTN)
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Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf of NeoPhotonics Corporation (“NeoPhotonics” or the “Company”) (NYSE: NPTN) investors concerning the Company and its officers’ possible violations of federal securities laws.

NeoPhotonics develops, manufactures and sells hybrid photonic integrated optoelectronic products that transmit, receive and switch high speed digital optical signals for communications networks.

On December 19, 2016, after the markets closed, NeoPhotonics disclosed the divestiture of the its low-speed transceiver business. NeoPhotonics also adjusted its projected fourth-quarter earnings of $0.03 to $0.11 per share on revenue of $105 million to $109 million, citing late shipments from one of the Company's new factories.

On this news, NeoPhotonics stock fell nearly 14%, to close at just $10.79 per share on December 20, 2016.

If you purchased NeoPhotonics securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com, or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Glancy Prongay & Murray LLP, Los Angeles/New YorkLesley Portnoy, 310-201-9150 or 888-773-9224shareholders@glancylaw.comwww.glancylaw.com

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