View the animation here.
When a planet such as K2-33b passes in front of its host star, it blocks some of the star's light. Observing this periodic dimming, called a transit, from continual monitoring of a star's brightness, allows astronomers to detect planets outside our solar system with a high degree of certainty. This Neptune-sized planet orbits a star that is between 5 and 10 million years old. In addition to the planet, the star hosts a disk of planetary debris, seen as a bright ring encircling the star.
NASA's Ames Research Center in California's Silicon Valley manages the Kepler and K2 missions for NASA's Science Mission Directorate. NASA's Jet Propulsion Laboratory in Pasadena, California, managed Kepler mission development. Ball Aerospace & Technologies Corporation operates the flight system with support from the Laboratory for Atmospheric and Space Physics at the University of Colorado in Boulder.
More information about the Kepler mission is at http://www.nasa.gov/kepler.