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Fly News Breaks for November 5, 2018
IPHI
Nov 5, 2018 | 17:14 EDT
Loop Capital analyst James Kisner kept his Buy rating and $43 price target on Inphi after its "solid" Q3 results and Q4 guidance for "in-line" revenue. The analyst notes that the company's Data Center operations "surged" in the quarter and expects that momentum to continue in Q4, which supports his positive thesis on the shares. Kisner adds that Inphi's "business is poised to inflect as the industry adopts its PAM-related portfolio of products".
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