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Fly News Breaks for August 24, 2017
CHL, LITE
Aug 24, 2017 | 07:34 EDT
B. Riley analyst Dave Kang noted that China Mobile (CHL) has issued a procurement notice for approximately 42,000 ports, but said there was no information on the mix of 10G/100G, which would be the most relevant information to determine its significance. Various industry executives he spoke with said it would be difficult to assess the impact of the tender without knowing the mix of 10G/100G and share allocations between customers. If this tender is mostly for 100G, it "could be a needle-mover for the optical component industry," added Kang, who has a Buy rating on Lumentum (LITE) shares.
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