LOS ANGELES--(BUSINESS WIRE)--
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 [email protected], 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.
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