- Northland analyst Tim Savageaux reiterates a cautious view on the potential "large cut" in Amazon's 400G plans this year, which poses a "significant risk" to Inphi (NYSE:IPHI).
- The analyst also thinks the consensus overestimates the possible impact of the Cisco-Acacia merger on Inphi, seeing Lumentum as more likely to benefit in the near-term.
- Northland maintains an Underperform rating on Inphi with a $42 target. The company has an Outperform average Sell Side rating.
- IPHI shares are down 3.3% to $61.38.