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Fly News Breaks for October 31, 2016
NPTN
Oct 31, 2016 | 09:27 EDT
Needham analyst Alex Henderson is "aggressively" recommending NeoPhotonics into the Q3 print as he expects a strong beat and raise quarter driven by new capacity on iTLA coherent lasers and strong growth in both coherent receivers and 25G lasers. The analyst raised his price target on the shares to $24 from $22 and reiterated a Strong Buy rating on the stock.
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