Fly News Breaks for February 13, 2020
CSCO, JBL, FLEX, SANM
Feb 13, 2020 | 07:28 EDT
Cisco Systems' (CSCO) results are slightly negative to electronics manufacturing services companies given the softer than expected product results and order weakness, Citi analyst Jim Suva tells investors in a research note. The communication equipment segment remains pressured for supply chain companies, says the analyst, who notes Sanmina (SANM), Flex (FLEX) and Jabil (JBL) have roughly mid-single percentage revenue exposure to Cisco.
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