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Fly News Breaks for May 2, 2019
MXL
May 2, 2019 | 08:07 EDT
As previously reported, Needham analyst N. Quinn Bolton downgraded MaxLinear to Hold, saying that after a 51% year-to-date rally, the stock is "fully valued" at its highest earnings multiple in over 5 years. The analyst adds that he was disappointed that MaxLinear did not raise its guidance and also warns that the next big catalyst in its Infrastructure business may not come until Q4.
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