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Fly News Breaks for November 14, 2019
JBL, FLEX, SANM, CSCO
Nov 14, 2019 | 06:13 EDT
Citi analyst Jim Suva believes Cisco Systems' (CSCO) results last night are negative to the electronics manufacturing services companies, namely Sanmina (SANM), Flex (FLEX) and Jabil (JBL). Communication equipment end demand is an incremental negative for supply chain companies, Suva tells investors in a research note. He says Cisco's guidance came in below consensus "as the company seeing broad base demand weakness."
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