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Fly News Breaks for January 25, 2018
IPHI
Jan 25, 2018 | 06:25 EDT
DA Davidson analyst Mark Kelleher lowered his price target on Inphi to $34 and kept his Neutral rating ahead of Q4 results. Kelleher says that while the company offers an "industry leading" semiconductor solutions for data transport in the data center market, which is "one of the fastest growing areas of optical networking", much of the growth has already been priced into the stock. The analyst adds that the recent commentary from the management suggests that China demand remains weak.
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