Actionable news
0
All posts from Actionable news
Actionable news in FNSR: Finisar Corporation,

Inphi Slips: China Pause Still Weighs on Results

Inphi said its results were helped by sales of "inter-data center" chips, and by "coherent DSP" chips that it picked up with its acquisition of Clarify.

CEO Ford Tamer said the company had had another quarter of "strong growth" in products for data center, but that the company is "still waiting for a rebound in China long haul and metro" in telecommunications.

Despite China, Tamer predicted the company would see "growth in the data center market in 2018 and beyond.”

For the current quarter, the company sees revenue in a range of $84.3 million to $88.3 million, and EPS of 33 cents to 39 cents. That compares to consensus for $86.28 million and 36 cents per share.

Inphi shares are down 88 cents, or 2%, at $40.10.


More