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Fly News Breaks for March 27, 2018
IIVI, NPTN
Mar 27, 2018 | 10:07 EDT
Northland analyst Tim Savageaux noted the deal to acquire CoAdna struck by II-VI (IIVI), which he called a significant bet on a rebound in China demand and a reminder of the ongoing consolidation narrative in the 100G+ Optical group. Given that context, and noting there have been rumors that NeoPhotonics (NPTN) has been shopped for the last 6 months, he contends that NeoPhotonics "should be" acquired and "put out of their on-going misery." Savageaux has an Outperform rating on NeoPhotonics shares.
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