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The Ratings Game: After early Huawei-related rally, dark cloud of reality rains on this stock

NeoPhotonics Corp. led optical-networking stocks higher Monday, though the shares gave back more than half of their gains in the session.

The optoelectronics company stands to benefit if the U.S. is serious about allowing sales to Huawei Technologies Co. once again, since the Chinese telecommunications giant accounted for nearly half of NeoPhotonics’ NPTN, +8.13% revenue over the past 12 months. President Donald Trump signaled this weekend that he was open to ending the ban on Huawei sales in some capacity, but there’s still plenty of uncertainty over the trade agreement that the U.S. and China will ultimately forge.

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