Finisar (FNSR): Needham Raises EPS 42% For '17

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Go back to Finisar (FNSR): Needham Raises EPS 42% For '17

Stifel Raises Price Target on Finisar (FNSR) Following Strong 1Q Report

September 9, 2016 8:30 AM EDT

Stifel reiterated a Buy rating on Finisar (NASDAQ: FNSR), and raised the price target to $33.00 (from $28.00), following the company's 1Q earnings report. FNSR reported revenue of $341.3 million and pro forma EPS of $0.38 compared to the consensus expectations of $333.7 million and $0.30, respectively.

Analyst Patrick Newton commented, "Finisar printed a July... More