NEW YORK--(EON: Enhanced Online News)--Levi & Korsinsky, LLP announces that it has commenced an investigation of NeoPhotonics Corporation (“NeoPhotonics” or the “Company”) (NYSE:NPTN) concerning possible violations of federal securities laws by the Company and/or certain of its officers and directors.
On December 19, 2016, post-market, NeoPhotonics announced the divestiture of the Company’s low-speed transceiver business. NeoPhotonics also forecast adjusted fourth-quarter earnings of $0.03 to $0.11 per share on revenue of $105 million to $109 million, citing delayed shipments from one of the Company’s new factories. On this news, NeoPhotonics stock has fallen as much as $2.39, or 19.14%, during intraday trading on December 20, 2016. To obtain additional information about the investigation, go to:
or contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.