-
If you purchased shares of NeoPhotonics Corp (NYSE:NPTN), you have certain options and you should contact the Shareholders Foundation, Inc.
-
To have your information reviewed for options and to receive notifications about this investigation, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Investigation Overview
January 3, 2017 (Shareholders Foundation) - An investigation on behalf of investors of NeoPhotonics Corp (NYSE:NPTN) shares over potential securities laws violations by NeoPhotonics and certain of its directors and officers in connection certain financial statements was announced.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of NeoPhotonics Corp (NYSE:NPTN) concerning whether a series of statements by NeoPhotonics Corp regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
NeoPhotonics Corp reported that its annual Total Revenue rose from $306.18 million in 2014 to $339.44 million in 2015 and that its Net Loss of $19.72 million in 2014 to $3.67 million in 2015.
Shares of NeoPhotonics Corp (NYSE:NPTN) rose to as high as $17.95 per share in September 2016.
On December 19, 2016, NeoPhotonics Corp announced that it executed an agreement, to sell its Access and Low Speed transceiver product lines to APAT Optoelectronics Components Co., Ltd. (APAT OE) of Shenzhen, China, a designer and manufacturer of optical sub-assemblies for telecom and datacom markets.
On January 3, 2017, NYSE:NPTN shares closed at $10.89 per share.
