Analyst Gus Richard says the company is "a leading supplier of semiconductor test equipment and an emerging supplier of industrial robots."
The analyst expects 1H19 weakness on inventory correction but a strong 5G product cycle moving into CY20.
The firm thinks Teradyne's CAGR will accelerate into the low-double digits in CY20 and beyond.
Teradyne shares are up 4.3% to $33.15.
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