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Fly News Breaks for February 12, 2019
AAOI
Feb 12, 2019 | 09:42 EDT
Rosenblatt analyst Jun Zhang lowered Applied Optoelectronics' (AAOI) price target to $10 from $15 and reiterated his Sell rating. The analyst lowered his FY19 sales estimate telling investors he believes the company is losing market share at Facebook (FB) and is seeing weaker demand for 100G CWDM4 modules.
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