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Fly News Breaks for February 22, 2019
ACIA
Feb 22, 2019 | 08:25 EDT
Cowen analyst Paul Silverstein raised his price target on Acacia Communications to $58 from $45 following Q4 results which he believes provides a favorable set up for its operating model and shares in 2019. He sees upside driven by ongoing customer and product revenue diversification and by expansion of the coherent optical market opportunity. Silverstein reiterated his Outperform rating on Acacia Communications shares.
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