Optical networkers slide amid ban on selling to ZTE [Seeking Alpha]
ACACIA COMMUNICATIONS (ACIA)
Last acacia communications earnings: 2/18 04:01 pm
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ir.acacia-inc.com/investor-overview
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Source: Seeking Alpha
Optical networkers slide amid ban on selling to ZTEThe Commerce Dept. is banning American firms from selling components to China's ZTE (OTCPK:ZTCOF) for seven years forviolating terms in a sanctions violation case, and related optical equipment makers are sliding.American companies provide 25-30% of the components used in the telecom equipment that ZTE makes, including networking gear and smartphones.Acacia (NASDAQ:ACIA) hastumbled 24.3% at the open; Oclaro (NASDAQ:OCLR) isdown 14.8%.See all stocks on the move »Now read:Juniper: Swing Trade Only »
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