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Fly News Breaks for April 13, 2017
MLNX, LITE, OCLR, FNSR, AAOI
Apr 13, 2017 | 07:39 EDT
Jefferies analyst James Kisner noted that Applied Optoelectronics' (AAOI) pre-announcement of better than expected Q1 results was attributed by the company to strength in demand for datacenter products, which he reads as "most positive" for Finisar (FNSR) and also positive, but to lesser degree, for Oclaro (OCLR) and Lumentum (LITE). Mellanox (MLNX) also benefits from ramping hyperscale demand and Applied's report is good news for it too, Kisner added.
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