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Fly News Breaks for March 19, 2018
IPHI
Mar 19, 2018 | 09:42 EDT
As reported earlier, Northland analyst Tim Savageaux downgraded Inphi to Market Perform with a price target of $21, citing a 40% recovery in the stock price despite a "much worse than feared" guidance for the March quarter. The analyst says the stock price now fully discounts the company's recovery to $1.50-$2.00 EPS view without discounting the risks around potential ColorZ replacement through the emerging 400G ZR standard and competition for the company's Coherent applications.
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