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Fly News Breaks for July 10, 2019
ACIA, CSCO, CIEN
Jul 10, 2019 | 08:50 EDT
Jefferies analyst George Notter says Cisco Systems' (CSCO) acquisition of Acacia Communications (ACIA) reinforces his view that the Optical Systems space will continue to consolidate from a market share perspective with Ciena (CIEN) as a primary beneficiary. Ciena remains the analyst's favorite long idea among the Optical Systems suppliers. He recommends buying the stock.