Cowen Reaffirms GigPeak (GIG) at 'Outperform' Amid Record AOC Product Orders

September 15, 2016 10:54 AM EDT
Get Alerts GIG Hot Sheet
Price: $2.60 --0%

Rating Summary:
    10 Buy, 1 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 29 | Down: 29 | New: 6
Trade GIG Now!
Join SI Premium – FREE

Get inside Wall Street with StreetInsider Premium. Claim your 2-week free trial here.

Cowen and Company affirms GigPeak, Inc. (NYSE: GIG) with an Outperform rating and $3 price target after the company announced that it sees a record quarter for orders for its market-leading 40 Gbps QSFP+ and 100Gbps QSFP28 ICs for active optical cables (AOCs) and optical transceiver modules demanded by the hyper-scale Web 2.0 data center customers.

Analyst Wayne Loeb said, GIG's announcement of record Datacom shipments and orders reinforces our view on GIG's strong position and product portfolio. Record orders and shipments of 40G ICs puts a positive bias to the near-term while 100G shipments and PAM4 sampling give some visibility to a longer term Datacom runway as GIG has demonstrated a full product portfolio to support future data center applications.

For an analyst ratings summary and ratings history on GigOptix click here. For more ratings news on GigOptix click here.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments

Related Entities

Cowen & Co

Add Your Comment