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Fly News Breaks for September 14, 2018
AAOI
Sep 14, 2018 | 09:43 EDT
Cowen analyst Paul Silverstein raised his 2018-2020 calendar year forecasts for Applied Optoelectronics, which he notes were already above consensus, based on his projections for a significant ramp of its 100G data center transceivers. The analyst, who believes most investors continue to underestimate Applied Optoelectronics' ability to compete effectively, raised his price target on the stock to $55 from $53 and keeps an Outperform rating on the shares.
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