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Fly News Breaks for September 7, 2016
AAOI
Sep 7, 2016 | 07:27 EDT
Piper Jaffray analyst Troy Jensen raised his price target for Applied Optoelectronics to $24 saying the company last night revised September quarter expectations "meaningfully" above consensus. The analyst believes Applied is in a position to see "impressive growth over the next several quarters as demand for 100G optics continues to inflect." He reiterates an Overweight rating on the shares.
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