Finisar (FNSR): Great Quarter But Will It Last? - Jefferies

September 9, 2016 8:33 AM EDT
Get Alerts FNSR Hot Sheet
Price: $30.00 -2.88%

Rating Summary:
    15 Buy, 6 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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Jefferies analyst, James Kisner, reiterated his Hold rating on shares of Finisar (NASDAQ: FNSR) after a big 1Q beat. Telecom drove the strength but excluding Wireless, Datacom also grew Q/Q driven by 100G. Gross margin was particularly strong.

The analyst believes Finisar is likely to continue to benefit from strong trends in both Datacom and Optical components over the next couple quarters, but he wants greater confidence that the good times will be more enduring before raising his rating from Hold.

The price target increases to $28 from $19.

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 $23.23 yesterday.

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