Finisar (FNSR) Tops Q2 EPS by 12c; Guides Above the Street
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MKM Partners Raises Price Target on Finisar (FNSR) to $43 Following 2Q
December 9, 2016 10:52 AM ESTMKM Partners reiterated a Buy rating on Finisar (NASDAQ: FNSR), and raised the price target to $43.00 (from $37.50), following the company's 2Q earnings report. Revenues came in at $370mn, beating the consensus estimates by $6mn. Finisar delivered $0.58 non-GAAP EPS in 2QFY17 compared to estimates that were $0.10-$0.11 lower.
Analyst Michael Genovese commented, "Finisar... More
Finisar (FNSR) Gives Up Early Gains
December 9, 2016 9:53 AM ESTFinisar (NASDAQ: FNSR) gives up early gains. Shares down 1.9% after trading up sharply earlier on positive results, outlook.
... MoreJefferies Raises Price Target on Finisar (FNSR) to $37 Following 2Q Beat and Raise
December 9, 2016 7:58 AM ESTJefferies reiterated a Hold rating on Finisar (NASDAQ: FNSR), and raised the price target to $37.00 (from $28.00), following the company's 2Q earnings report. FNSR reported revenue grew of $369.9M, beating Consensus of $364.3M. EPS hit $0.58, above Consensus of $0.46. Management released revenue guidance of ~$388M,... More
Finisar (FNSR) PT Raised to $44 at Needham & Company, Estimates Raised Sharply
December 9, 2016 7:19 AM ESTNeedham & Company analyst Alex Henderson reiterated a Strong Buy rating and raised his price target on Finisar (NASDAQ: FNSR) to $44.00 (from $42.00)
commented, " The upgrade to 25G/100G has barely even started, yet Finisar is already seeing a major impact. Finisar's results... More
Needham & Company Raises Price Target on Finisar (FNSR) to $44; Reiterates Strong Buy
December 9, 2016 7:17 AM ESTNeedham & Company reiterated a Strong Buy rating on Finisar (NASDAQ: FNSR), and raised the price target to $44.00 (from $42.00). The market is shifting to 100G. However, the lack of 25G NIC cards from Intel and the supply constraints on QSFP28 100G have limited the... More
