NPTN - NeoPhotonics shares plunge after revenue forecast falls short

NeoPhotonics (NPTN) shares are down 14.3% after yesterday's Q4 results, which topped estimates but included a downside revenue outlook.For Q4, revenue was down 34% on the year to $68.19M. The loss per share was $0.14, three cents better than expected.NPTN guided for Q1 revenue of $57-62M vs. the $64M consensus and a loss per share of $0.10-0.20 vs. the $0.16 loss estimate.B. Riley (Buy rating) says the weaker revenue forecast is "mainly due to COVID-related issues such as logistical challenges faced by its customers." The firm sees the company as a potential takeover during industry consolidation, an advises investors to take advantage of the post-earnings pullback.Earnings press release.

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NeoPhotonics shares plunge after revenue forecast falls short