NPTN Stock – Quick Win: 19.91% Return in 3 Days

NPTN Stock – Quick Win

On August 10th, 2015, The I Know First algorithm gave a bullish signal of 27.90 for the ticker NPTN (NeoPhotonics Corp), which had a strong predictability indicator of 0.13. In accordance with the algorithm’s prediction, NPTN spiked 19.97% in the following 3 days.

NPTN stock

NeoPhotonics is a market leading in the design and manufacturing of hybrid Potonic Integrated optoelectronic modules. Their iconic Advanced Hybrid Photonic Integration combines an increasingly large number of optical functions while achieving the highest optical performance in high speed digital optical communications

The American based company recently released its Second Quarter Earnings Report for 2015 in which it achieved an impressive revue of $85.4million. Furthermore, the high-tech giants expanded non-GAAP gross margin to 32.3% up from 20.8% in the second quarter of 2014, and up from 31.3% in the prior quarter.

CEO Tim Jenks, was ecstatic with the news stating that “We further bolstered our balance sheet with our equity raise of $45.6 million” Moreover, the veteran CEO  added “Our goal is to be a leader in High Speed 100G and beyond product solutions and to deliver sustained profitability.” Furthermore, he said “Our second quarter results continue to demonstrate our strong execution towards our profitability goals and our target model with sequential increases in revenue, gross margins, profitability, EBITDA and operating cash flow,”