NeoPhotonics Corporation (NPTN) Stock Analysis
DELISTED 2022
What happened to NeoPhotonics Corporation (NPTN) stock?
NeoPhotonics Corporation (NPTN) no longer trades on public markets. It was delisted in August 2022. The figures below are historical and are not a current quote.
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
NeoPhotonics Corporation (NPTN) trades at $16.01. NeoPhotonics Corporation develops, manufactures, and sells optoelectronic products for high-speed digital optical signal transmission. Sector: Technology.
Last analyzed: May 5, 2026Analyst Coverage for NPTN: NPTN does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates NPTN against Technology peers across nine fundamental dimensions and assigns a neutral fundamental signal based on the underlying data.
NPTN: 2/2 scored disciplines lean bearish. Dominant signal: Ray Dalio bullish.
How is this calculated? →NeoPhotonics Corporation (NPTN) Technology Profile & Competitive Position
NeoPhotonics Corporation is a provider of optoelectronic solutions for high-speed data transmission, focusing on components and modules for cloud, data center, and telecom networks. With a global presence and a focus on 400G and beyond, the company addresses the growing demand for bandwidth and network capacity.
What Is the Investment Thesis for NPTN?
NeoPhotonics Corporation operates in the expanding market for high-speed optical networking solutions. The increasing demand for bandwidth from cloud computing, data centers, and telecom networks drives the need for NeoPhotonics' products. While the company's negative profit margin of -14.0% raises concerns, its gross margin of 23.3% indicates potential for profitability with improved operational efficiency. Growth catalysts include the adoption of 400G and beyond technologies, expansion in the Chinese market, and new product innovations. Key risks include intense competition, technological obsolescence, and dependence on a limited number of customers. Investors should monitor the company's ability to improve profitability, secure key customer contracts, and maintain a technological edge in the rapidly evolving optoelectronics market.
Based on FMP financials and quantitative analysis
NPTN Key Highlights
NeoPhotonics Corporation specializes in optoelectronic products for high-speed digital optical signal transmission.
- The company serves cloud, hyperscale data centers, internet content providers, and telecom networks.
- NeoPhotonics offers transmitter and receiver components, coherent modules, and switching products.
- The company targets 400G and optical transmission applications over distances of approximately 2 to 2,000 kilometers.
- NeoPhotonics has a global presence with sales in North America, Europe, and Asia, including China, Japan, Korea, and Taiwan.
Who Are NPTN's Competitors?
NPTN is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| LITE Lumentum Holdings Inc. | $879.28 | +6.24% | $68.4B | — |
| AAOI Applied Optoelectronics, Inc. | $127.68 | +4.50% | $10.3B | — |
| NVDA NVIDIA Corporation | $216.83 | -0.34% | $5.25T | 97 |
| TSM Taiwan Semiconductor Manufacturing Company Limited | $413.55 | +0.36% | $2.14T | 60 |
| AVGO Broadcom Inc. | $362.48 | -4.57% | $1.73T | 77 |
| MU Micron Technology, Inc. | $974.33 | +3.97% | $1.10T | 99 |
| AMD Advanced Micro Devices, Inc. | $469.45 | +0.65% | $765B | 70 |
| ASML ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems for chipmakers. The company | $1750.31 | -0.08% | $675B | 58 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are NPTN's Key Strengths?
Strong technological expertise in optoelectronic components and modules.
- Comprehensive product portfolio for high-speed optical networking.
- Established relationships with key network equipment manufacturers.
- Global sales and support network.
What Are NPTN's Weaknesses?
Negative profit margin indicates operational inefficiencies.
- Dependence on a limited number of customers.
- Susceptibility to technological obsolescence.
- Intense competition in the optoelectronics market.
What Could Drive NPTN Stock Higher?
Increasing demand for bandwidth from cloud computing, data centers, and telecom networks.
- Adoption of 400G and beyond technologies in data centers and telecom networks.
- Expansion of 5G infrastructure and related optical networking upgrades.
What Are the Key Risks for NPTN?
Negative return on equity (-24.4%) — the business is not currently generating profit on shareholder capital.
- Intense competition from established and emerging players in the optoelectronics market.
- Rapid technological advancements and potential obsolescence of existing products.
- Economic downturns and reduced capital spending by customers.
- Geopolitical risks and trade tensions, particularly between the US and China.
What Are the Growth Opportunities for NPTN?
- Expansion in the Chinese Market: The demand for high-speed optical networking solutions is rapidly growing in China due to the expansion of cloud computing, data centers, and 5G infrastructure. NeoPhotonics can capitalize on this growth by strengthening its presence in the Chinese market through strategic partnerships, localized product development, and targeted sales efforts. This expansion could significantly increase revenue and market share, given the scale of the Chinese market. Timeline: Ongoing.
- Adoption of 400G and Beyond Technologies: The increasing demand for bandwidth is driving the adoption of 400G and beyond technologies in data centers and telecom networks. NeoPhotonics is well-positioned to benefit from this trend with its portfolio of 400G and coherent solutions. By continuing to innovate and develop new products for these advanced technologies, NeoPhotonics can capture a larger share of the market. Market size: The 400G transceiver market is expected to grow significantly in the coming years. Timeline: Ongoing.
- New Product Innovations: Continuous innovation is crucial for maintaining a competitive edge in the optoelectronics market. NeoPhotonics can drive growth by developing new products and technologies that address the evolving needs of its customers. This includes investing in research and development, collaborating with industry partners, and exploring new applications for its existing technologies. Timeline: Ongoing.
- Strategic Partnerships and Acquisitions: Forming strategic partnerships and making targeted acquisitions can accelerate growth by expanding NeoPhotonics' product portfolio, market reach, and technological capabilities. This could involve partnering with complementary technology providers, acquiring companies with innovative technologies, or expanding into new geographic markets. Timeline: Ongoing.
- Focus on Data Center Interconnect (DCI) Market: The increasing demand for high-speed connectivity between data centers is driving growth in the DCI market. NeoPhotonics can capitalize on this trend by developing and marketing solutions specifically tailored for DCI applications. This includes optimizing its products for low power consumption, high density, and long-reach transmission. Market size: The DCI market is expected to grow significantly in the coming years. Timeline: Ongoing.
What Are NPTN's Competitive Advantages?
- Technological Expertise: NeoPhotonics has deep expertise in optoelectronic technology, enabling it to develop innovative products and solutions.
- Product Portfolio: The company offers a comprehensive portfolio of components, modules, and subsystems for high-speed optical networking.
- Customer Relationships: NeoPhotonics has established long-term relationships with key network equipment manufacturers and service providers.
- Global Presence: The company has a global sales and support network, allowing it to serve customers in North America, Europe, and Asia.
What Does NPTN Do?
NeoPhotonics Corporation, originally founded as NanoGram Corporation in 1996 and renamed in 2002, is a technology company headquartered in San Jose, California. The company specializes in developing, manufacturing, and selling optoelectronic products that enable the transmission and reception of high-speed digital optical signals. These products are crucial for cloud and hyperscale data centers, internet content providers, and telecom networks, which require increasing bandwidth and faster data transfer rates. NeoPhotonics offers a comprehensive portfolio of transmitter and receiver components, coherent modules, and switching products designed for 400G and optical transmission applications, covering distances from approximately 2 to 2,000 kilometers. Their product line includes ultra-narrow linewidth tunable lasers, electro-absorptively modulated lasers, distributed feedback lasers, component lasers, and integrated coherent receivers and modulators. Additionally, NeoPhotonics provides pluggable coherent transceivers that combine ultra-narrow linewidth lasers with coherent receivers and high-performance coherent modulators, as well as 100G products tailored for data center applications. The company also offers multi-cast switching solutions for 100G and above coherent systems, alongside network products and solutions like arrayed waveguide gratings, multiplexers, and filters used in dense wavelength division multiplexing systems. NeoPhotonics sells its products globally through a direct sales force, targeting network equipment manufacturers in North America, Europe, and Asia, including China, Japan, Korea, and Taiwan.
What Products and Services Does NPTN Offer?
- Develops optoelectronic products for high-speed digital optical signal transmission.
- Manufactures transmitter and receiver components.
- Offers coherent modules for advanced optical networking.
- Provides switching products for 400G and optical transmission applications.
- Supplies ultra-narrow linewidth tunable lasers.
- Offers pluggable coherent transceivers for data center applications.
- Provides multi-cast switching solutions for 100G and above coherent systems.
- Offers network products and solutions like arrayed waveguide gratings, multiplexers, and filters.
How Does NPTN Make Money?
- NeoPhotonics generates revenue through the sale of optoelectronic components, modules, and subsystems.
- The company targets network equipment manufacturers who integrate NeoPhotonics' products into their systems.
- NeoPhotonics utilizes a direct sales force to reach customers in North America, Europe, and Asia.
- The company focuses on high-speed optical networking solutions for cloud, data center, and telecom applications.
What Industry Does NPTN Operate In?
NeoPhotonics Corporation operates within the semiconductor industry, specifically focusing on optoelectronic components and modules for high-speed optical networking. The industry is driven by the increasing demand for bandwidth from cloud computing, data centers, and telecom networks. The market is competitive, with companies vying to provide solutions for 400G and beyond technologies. NeoPhotonics competes with other optoelectronic component manufacturers, system vendors, and integrated device manufacturers. The company's success depends on its ability to innovate, maintain a technological edge, and secure key customer contracts in this rapidly evolving market.
Who Are NPTN's Key Customers?
- Network equipment manufacturers who build optical networking systems.
- Cloud service providers who require high-speed connectivity for their data centers.
- Telecom operators who need to upgrade their networks to support increasing bandwidth demands.
- Hyperscale data centers that require high-performance optical interconnects.
Company Profile
NeoPhotonics Corporation operates in the Semiconductors industry within the Technology sector. It is headquartered in San Jose, US. The company is led by CEO Timothy Jenks. NPTN has traded publicly since 2011.
Key Financial Metrics
Return on equity for NeoPhotonics Corporation stands at -24.4%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is -13.3%, showing how much profit it generates from its asset base. A current ratio of 2.17 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is -4.9%, the inverse of the P/E and a quick read on earnings relative to price.
NPTN Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis
Bull Case vs Bear Case
Bull Case
- Recent insider buying suggests those in the know see value, potentially signaling confidence in the company's future prospects.
- The buzz in the community leans positive, with many seeing long-term potential in their technology, suggesting strong market belief.
- NeoPhotonics' focus on high-speed networking components positions them well for the growing demand in data centers and 5G infrastructure, a sentiment echoed across social platforms.
- Despite market volatility, there's a perception that NeoPhotonics is undervalued, making it an attractive acquisition target, fueling bullish speculation.
Bear Case
- Increased chatter about supply chain disruptions raises concerns about their ability to meet demand, impacting revenue projections.
- Some community members express skepticism about their ability to compete with larger players in the optical networking space, a David vs. Goliath situation.
- Recent market perception suggests the company is struggling to innovate at the pace required to stay ahead, leading to doubts about long-term competitiveness.
- Negative sentiment surfaces regarding the company's past performance, with some believing they haven't fully capitalized on previous market opportunities, creating a cloud of doubt.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
NPTN Latest News
No recent news available for NPTN.
Leadership: Timothy Jenks
CEO
Timothy Jenks serves as the Chief Executive Officer of NeoPhotonics Corporation. His extensive background in the technology sector includes leadership roles in various companies focused on optical networking and communications. He brings a wealth of experience in strategic planning, product development, and market expansion. Jenks's expertise is crucial for guiding NeoPhotonics through the rapidly evolving optoelectronics market.
Track Record: Under Timothy Jenks's leadership, NeoPhotonics has focused on expanding its portfolio of high-speed optical networking solutions, particularly for 400G and beyond technologies. He has overseen the company's efforts to strengthen its presence in key markets, including China, and to develop innovative products that address the evolving needs of its customers. His strategic decisions have aimed to position NeoPhotonics as a leading provider of optoelectronic components and modules.
Common Questions About NPTN (Technology)
What happened to NeoPhotonics Corporation (NPTN) stock?
NeoPhotonics Corporation (NPTN) no longer trades on public markets. It was delisted in August 2022. The figures below are historical and are not a current quote.
Can I still buy NPTN shares?
No. NPTN stopped trading on public markets in August 2022, so the shares are not available through a broker. Anything you see quoted for NPTN elsewhere is historical data, not a live market.
Are the figures on this page current?
No. Every number here is the last value recorded before NPTN stopped trading. Nothing on this page updates, and none of it is a current quote.
Why does this page still exist?
Because people still search for what happened to NeoPhotonics Corporation. An archived profile that states the delisting plainly is more useful than a dead link — provided it is labelled as history, which is what this page does.
What does NeoPhotonics Corporation do?
NeoPhotonics Corporation specializes in the design, manufacture, and sale of optoelectronic components, modules, and subsystems for high-speed optical networking. These products are essential for transmitting and receiving digital optical signals in cloud computing, data centers, and telecom networks. The company's portfolio includes lasers, receivers, modulators, and transceivers that enable faster and more efficient data transfer.
What do analysts say about NPTN stock?
Analyst coverage of NeoPhotonics Corporation (NPTN) reflects a cautiously optimistic outlook, acknowledging both the growth potential in the optoelectronics market and the challenges the company faces. Key valuation metrics suggest a mixed picture, with some analysts highlighting the company's potential for revenue growth driven by the adoption of 400G and beyond technologies.
What are the main risks for NPTN?
NeoPhotonics Corporation faces several key risks, including intense competition in the optoelectronics market, rapid technological advancements that could lead to product obsolescence, and dependence on a limited number of customers. The company's financial performance is also susceptible to economic downturns and reduced capital spending by customers. Geopolitical risks and trade tensions, particularly between the US and China, pose additional challenges. Investors should carefully consider these risks before investing in NeoPhotonics.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Information is based on available data and may be subject to change.
- Financial metrics are based on the most recent available data.