Data Comm Cycle Couldn't Be Better For Finisar (FNSR) - Needham

October 31, 2016 7:50 AM EDT
Get Alerts FNSR Hot Sheet
Price: $31.97 +3.26%

Rating Summary:
    14 Buy, 7 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 28 | Down: 20 | New: 17
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Needham & Company analyst, Alex Henderson, reiterated his Buy rating on shares of Finisar (NASDAQ: FNSR) and raised his price target to $38 from $36.

The analyst believes the high growth new products are 26% of top line but growing at almost 100% Q-Q. By CY4Q17, he believes the high growth Data Comm 100G should reach 46% of Data Comm and with ROADMs poised to ramp in Telecom, Revenue growth at Finisar should accelerate with a bias to higher margin product.

For an analyst ratings summary and ratings history on Finisar click here. For more ratings news on Finisar click here.

Shares of Finisar closed at $27.57 yesterday.

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