Applied Micro Circuits (AMCC +5.7%) gains after Wunderlich initiates the shares with a buy on...

|About: Applied Micro Circuits Corp... (AMCC)|By:, SA News Editor

Applied Micro Circuits (AMCC +5.7%) gains after Wunderlich initiates the shares with a buy on valuation, saying the new CEO has positioned the company on a "sustainable revenue growth path despite near-term headwinds the company has been facing."