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Rap Sheet

Author:

breinejm

Subject:

None

Date:

10/26/18 at 10:41 AM CDT

 

 

READ: 3

RPLY: 0

0

0

RECS:0

Sentiment:

Neutral

AQ earnings

Wow, crazy earnings. Slight miss due to softness in one area (Data Center), but other areas growing. Still expecting 20% YoY growth and softness in Data Center market to alleviate itself by end of 2019 as new customers (signed contracts) begin taking shipments. Earlier if customers pass through their current inventory.

Transcript is VERY informative. This looks like a slight blip to me. Small float an issue in drop, but if business is still mostly on track as I think, it could also be the reason why it goes back up quickly.

   Aquantia stock price target cut to $15 vs. $17 at Raymond James, 

   Aquantia Is Maintained at Outperform by Raymond James

   Aquantia Is Maintained at Overweight by Barclays

So I doubled down this morning.

 

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