Worries about a slowdown in China are hitting optical networking names today, after similar concerns earlier this year about slowing orders from Chinese equipment makers after a hot 2016.
Neophotonics (NYSE:NPTN) -- which UBS says has the biggest exposure to China, at 60% of revenue -- is off 3.4%. Oclaro is next on that list, at 40% of revenue, as is Acacia (NASDAQ:ACIA), down just 0.8% today.
Increasing data-center market revenue may be promising, somewhat mitigating a slowdown in orders from China firms including Huawei and ZTE.
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