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Fly News Breaks for May 22, 2017
LITE, FNSR, OCLR
May 22, 2017 | 09:29 EDT
Jefferies analyst James Kisner points out that China Mobile last night selected vendors for the build-out of its Packet Transport Network, with 70% going to ZTE and the balance to Huawei. The news is particularly good for Oclaro (OCLR), which has significant exposure to ZTE, Kisner tells investors in a research note. It also bodes well for a recovery of telecom and networking equipment demand in China, which is positive for Finisar (FNSR) and Lumentum (LITE), the analyst adds. Kisner has Buy ratings on all three stocks.
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