GigOptix (GIG) Tops Q1 EPS by 1c

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Sterne Agee CRT Reiterates Buy on GigOptix (GIG); Cuts Revenue Outlook

April 19, 2016 8:01 AM EDT

Sterne Agee CRT maintained a Buy rating and $4.35 price target on GigOptix (NYSE: GIG) after lowering June Quarter revenue outlook. The change is mainly due to the timing of Magnum contribution. GIG posted a solid March Quarter beat and guided the outlook below expectation, which is... More