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Fly News Breaks for January 29, 2018
AAOI
Jan 29, 2018 | 16:37 EDT
Loop Capital analyst James Kisner initiated Applied Optoelectronics with a Hold rating and a price target of $35. The analyst says the company enjoys a competitive advantage as a "vertically integrated player in data center optics" and can benefit from aggressive network upgrades by cable operators. Kisner warns however that a ramp in competition in hyperscale datacom optics creates risk to revenue and margins.
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