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Opnext, Inc. (OPXT) [hlAlert]

Rating:
Buy OPXT
down 91.32 %

Opnext, Inc. (OPXT) rated Buy with price target $8 by Needham & Co

Posted on: Monday,  Jan 14, 2008  10:50 AM ET by Needham

Needham rated Buy Opnext, Inc. (NASDAQ: OPXT) on 01/14/2008. Previously Needham rated Buy Opnext, Inc. (NASDAQ: OPXT) on 11/02/2007., when
the stock price was $10.84. Since then, Opnext, Inc. has lost 91.33% as of 07/23/2012's recent price of $0.94.
If you would have followed the previous Needham's recommendation on OPXT, you would have lost 91.32% of your investment in 1725 days.

Opnext, Inc. (OPI) is a designer and manufacturer of subsystems, optical modules, and components that enable high speed telecommunications and data communications networks globally. Optical modules and components transmit and receive data delivered via light in telecom, data communication, industrial and commercial applications. Its transceiver modules, which typically utilize its lasers and detectors, convert signals between electrical and optical for transmitting and receiving data over fiber optic networks, a critical function in optical communications equipment. The Company?s subsystems and custom designs, which utilize its transmission and photonics know how, optimize performance for transport networks. On January 9, 2009, the Company completed the acquisition of its StrataLight Communications, Inc.

Needham & Company, LLC focuses on emerging growth companies in technology, biotechnology and life sciences. The firm's research goal is to service the needs of growth-oriented institutional clients. Needham & Company has established itself as a premier specialty investment bank providing timely and valuable analysis on companies that are under-covered by the majority of Wall Street firms.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/14/2008 10:50 AM Buy
None
4.85 8.00
as of 8/27/2015
1 Week   
1 Month   
3 Months   
1 YTD down  -84.76 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/2/2007 9:25 AM Buy
None
10.84 15.00

(*) Stock Price at the time of the recommendation.
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