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Fly News Breaks for October 27, 2016
ACIA, FNSR, FN, OCLR, NPTN, LITE
Oct 27, 2016 | 13:00 EDT
Needham analyst ALex Henderson said the optical sector is coming under heavy selling pressure following news from ZTE Corp, ADVA Optical Networking, and Infinera (INFN). He believes the group selloff is an overreaction and actually a buying opportunity. He recommends Lumentum (LITE) into the print tonight, NeoPhotonics (NPTN), Oclaro (OCLR),Fabrinet (FN), Finisar (FNSR), and Acacia Communications (ACIA).
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