Upward Path Session for Cerulean Pharma (CERU); Surprise Bounce-back for NeoPhotonics (NPTN)

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Cerulean Pharma Inc. (Nasdaq:CERU) shares soared 54.9% to reach the $3.47 mark early on Wednesday, currently trading at $2.98, up $0.74 (or +33.04%).

There appears to be no particular news from the clinical-stage company that may explain this movement in the stock. Earlier last month. Cerulean Pharma said it is conducting a full strategic review of all alternatives with Aquilo Partners, L.P. as financial advisor, aiming to maximize shareholder value.

Cerulean Pharma, which develops nanotechnology-based therapeutics in the areas of oncology and other diseases, has 27.44M shares outstanding and CERU stock 52-week range is from $0.63 to $4.33 per share.

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NeoPhotonics Corp. (NYSE:NPTN) stock plummeted 14% to touch a new 52-week low of $6.90 in early trade Wednesday but moved sharply higher later, currently changing hands at $9.33, up $1.24 (or +15.33%) with 13.46M shares traded so far, representing a large increase in activity versus its average volume (3m) of 1.12M shares.

For the fourth quarter 2016, NeoPhotonics posted revenue of $109.8 million, a 23% increase year over year, and non-GAAP net income of $6.3 million or $0.13 per diluted share, topping the Capital IQ Consensus Estimate of $0.08 earnings per share on revenues of $106.96 million for the period.

According to its business outlook for the first quarter 2017, NeoPhotonics expects revenue in the range of $67 million to $73 million and a non-GAAP net loss of between ($0.20) and ($0.30) per share for the period.

Brokerage firm Needham reiterated a Strong Buy rating on the company’s stock, while reducing its price target from $17.00 to $13.00

NeoPhotonics, which develops, manufactures and markets optoelectronic products that transmit, receive and switch digital optical signals for communications networks, has 42.32M shares outstanding and NPTN stock one-year range is between $6.90 and $18.51 per share

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