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Fly News Breaks for August 22, 2017
FN
Aug 22, 2017 | 08:42 EDT
Needham analyst Alex Henderson says that Fabrinet reported "solid" results but provided "soft" guidance. The analyst blames the soft guidance on product transitions at two of its customers, "a lull in ROADM demand, and a product transition in industrial laser." He expects all of these headwinds to be temporary and keeps a $60 price target and a Strong Buy rating on the stock.
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