NEW YORK, NY / ACCESSWIRE / October 30, 2017 / Traders News Source, a leading independent equity research and corporate access firm focused on small and mid-cap public companies is issuing a comprehensive report with no obligation on NeoPhotonics Corp (NYSE: NPTN), a leading designer and manufacturer of optoelectronic solutions for the highest speed communications networks in telecom and data center applications. The Company's products enable cost-effective, high-speed data transmission and efficient allocation of bandwidth over communications networks.
On 5th October, NPTN announced its restructuring actions and preliminary financial results for the third quarter. As a part of its continuing efforts to improve profitability and cash flow, the Company has implemented reduction in force, real estate consolidation, a write-down of inventory for certain programs and assets and a write-down of idle assets.
What is NPTN doing to restructure and review of new guidance, and financial review READ MORE
Copy and paste to your browser may be required to view the report – http://tradersnewssource.com/neophotonics/
The company's performance has been negatively impacted by reduced production levels during the recent quarter resulting from a lack of demand levels in China. This affected overall capacity utilization and gross margin in the third quarter. It said, the company anticipates reduced inventory levels in the fourth quarter, leading to higher-than-expected financial and operational flexibility.
Moreover, while China softness has continued into the third quarter, there is an expectation of relative stability in demand over the medium term.
NPTN and the Chinese market, a full product review and company outlook here READ MORE
Copy and paste to your browser may be required to view the report – http://tradersnewssource.com/neophotonics/
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