Information Provided By:
Fly News Breaks for May 6, 2019
ACIA, IPHI, LITE, FN
May 6, 2019 | 07:43 EDT
Needham analyst Alex Henderson raised his price targets on Buy-rated Lumentum (LITE) to $70 from $65 and Fabrinet (FN) to $68 from $62 ahead of their earnings, saying he is "modestly" more positive on the stocks going into the print. For Lumentum, the analyst believes the company can benefit from strong demand and constrained capacity trends for ROADMs along with positive regional deployment activity in China that was also signalled by Inphi (IPHI) and Acacia Communications (ACIA) results. For Fabrinet, Henderson expects a solid guidance for Q2, with strong Telecom business offsetting any potential weakness in Data Comm segment.
News For FN;LITE;IPHI;ACIA From the Last 2 Days
There are no results for your query FN;LITE;IPHI;ACIA