Glancy Prongay & Murray LLP Commences Investigation on Behalf of NeoPhotonics Corporation Investors
December 21 2016 - 2:23PM
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
shareholders@glancylaw.com, 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.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: http://www.businesswire.com/news/home/20161221005790/en/
Glancy Prongay & Murray LLP, Los Angeles/New YorkLesley
Portnoy, 310-201-9150 or
888-773-9224shareholders@glancylaw.comwww.glancylaw.com
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