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Fly News Breaks for February 5, 2020
IPHI
Feb 5, 2020 | 09:03 EDT
Rosenblatt analyst Hans Mosesmann upgraded Inphi to Buy from Neutral with a $100 price target. The company reported "solid" Q4 results and a better than expected Q1 outlook on the heels of cloud, long-haul, and metro, Mosesmann tells investors in a research note. He believes Inphi is seeing strong product ramps and multiple product cycles that set the shares up well for 2020. The company is at the start of a multi-year cycle and has time to market advantages that are "sticky for years to come," says the analyst.
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