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Fly News Breaks for November 28, 2016
NPTN
Nov 28, 2016 | 06:34 EDT
Piper Jaffray analyst Troy Jensen believes shares of NeoPhotonics will recover from their recent setback amid improved gross and operating margin expansion. He expects the supply/demand imbalance will continue throughout most of 2017 with ongoing strength in the Data Center market and initial signs of the Verizon metro upgrade ramping. The analyst reiterates an Overweight rating on NeoPhotonics with a $16 price target.
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