Semtech earlier today in a regulatory filing reaffirmed its financial outlook for Q2, the quarter ending July 28.. The company said it has received bookings in Q2 that have exceeded bookings for Q1, which results in the fourth consecutive quarter of sequential bookings growth. The company has also received initial bookings for its products supporting active copper cable application, Semtech added. Shares of Semtech are down 1% to $36.53 in afternoon trading.
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