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Fly News Breaks for February 25, 2019
ACIA
Feb 25, 2019 | 08:22 EDT
DA Davidson analyst Mark Kelleher raised his price target on Acacia Communications to $46 after its Q4 results, saying the company is benefiting from a short-term revenue tailwind as ZTE/China business is "turning back on". The analyst is positive on Acacia Communications' "unique focus on silicon as a substrate material" driving cost and power requirements down and given its "competitive edge in the coherent optical transceiver market", but sees valuation on the shares as "close to fair value", keeping his Neutral rating.
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