Yesterday's news of American suppliers being banned from shipping products to ZTE (ZTCOY) has created more compelling entry levels for a select group of optical stocks, Piper Jaffray analyst Troy Jensen tells investors in a research note. The name most impacted by the news is Acacia Communications (ACIA) with ZTE representing 30% of sales in 2017, the analyst adds. He believes the company, which he downgraded last night to Neutral, will likely not be able to recoup those losses. Names Zukin likes following yesterday's selloff are Lumentum (LITE) and Oclaro (OCLR) as Huawei represents a larger customer compared to ZTE, and he believes Huawei will gain customers at ZTE's expense. The analyst also continues to like Overweight-rated Fabrinet (FN) and II-VI (IIVI).