Data Comm Cycle Couldn't Be Better For Finisar (FNSR) - Needham
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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.
Shares of Finisar closed at $27.57 yesterday.
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