Wednesday, August 23, 2017 11:58:21 PM
Aug. 23, 2017 4:13 PM ET|By: Jason Aycock, SA News Editor
A tender for optical components by China Mobile (CHL -0.2%) has forced an end-of-day spike for makers of those components.
NeoPhotonics (NYSE:NPTN) jumped 10.7%; Oclaro (NASDAQ:OCLR) rose 5.6%; Acacia (NASDAQ:ACIA) jumped 5.5%; and Applied Optoelectronics (NASDAQ:AAOI) rose 4.1% after a report by Rosenblatt's Jun Zhang pointed to the tender, part of a project to build 50,000-70,000 40G/100G ports, according to the note.
Finisar (NASDAQ:FNSR) jumped 3.3% and Lumentum (NASDAQ:LITE) rose 3%.
Huawei is likely to take 50% of the order, Zhang says -- and it makes up 18% of Oclaro's total revenue as well as 17% of Lumentum's and 11% of Finisar's, Bloomberg says.
https://seekingalpha.com/symbol/OCLR
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