Plexus CEO cites nerworking/communications segment in guidance cut Dean Foate, president and CEO, commented, "While manufacturing demand softened across all of our sectors during the quarter, in particular we did not experience the typical demand-pull of products in our Networking/Communications sector in the final few weeks of the quarter. As a consequence, our Networking/Communications sector revenue was substantially below our expectations for the quarter and accounted for the majority of the shortfall to our original guidance."
News For PLXS From The Last 14 Days
Check below for free stories on PLXS the last two weeks.
On The Fly: Analyst Upgrade Summary Today's noteworthy upgrades include: American Homes 4 Rent (AMH) upgraded to Strong Buy from Outperform at Raymond James... Andersons (ANDE) upgraded to Buy from Hold at BB&T... Brunswick (BC) upgraded at B. Riley... Burberry (BURBY) upgraded to Outperform from Neutral at Exane BNP Paribas... Colfax (CFX) upgraded at Stifel... ITV Plc (ITVPF) upgraded to Neutral from Sell at Citigroup... Olin Corp. (OLN) upgraded to Neutral from Underperform at Macquarie... Plexus (PLXS) upgraded to Buy from Neutral at Longbow... Resources Connection (RECN) upgraded to Outperform from Neutral at RW Baird... Sandy Spring Bancorp (SASR) upgraded at RW Baird... Seagate (STX) upgraded to Buy from Hold at Craig-Hallum... easyJet (ESYJY) upgraded to Outperform from Sector Perform at RBC Capital.