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Fly News Breaks for December 20, 2016
ACIA, LITE, OCLR, NPTN
Dec 20, 2016 | 09:20 EDT
After NeoPhotonics (NPTN) lowered its Q4 revenue and margin guidance, MKM Partners analyst Michael Genovese says the company "was very clear that the issue is 100% company specific." As a result, the analyst recommends buying optical component makers Oclaro (OCLR), Finisar (FNSR), and Lumentum (LITE) on any weakness today. The analyst views Oclaro as a potential takeover target for Finisar, Lumentum, and Acacia (ACIA).
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