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Inphi bear cautions on Amazon cuts; IPHI -3%

Sep. 23, 2019 1:54 PM ETInphi Corporation (IPHI) StockIPHIBy: Brandy Betz, SA News Editor
  • 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.

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