Fly News Breaks for February 11, 2020
Feb 11, 2020 | 05:15 EDT
II-VI reported "strong" fiscal Q2 quarter results, but its revenue guidance for the third quarter was below expectations due to the potential impacts of the coronavirus, Piper Sandler analyst Troy Jensen tells investors in a post-earnings research note. However, telco optics remain "exceptionally strong," and the upcoming launch of 5G handsets and 5G infrastructure build outs will provide sustained strength in this segment throughout the second half of 2020, the analyst contends. He reiterates an Overweight rating on II-VI shares.
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