Finisar (FNSR) Seen As Key Beneficiary of Telecom Capex Race
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Price: $12.96 --0%
Rating Summary:
9 Buy, 5 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
Rating Summary:
9 Buy, 5 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
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Analysts at MKM Partners think optical communications company, Finisar (NASDAQ: FNSR), is poised to benefit from a potential telecom capex race.
"We view FNSR as a key beneficiary of the capex recovery," said analyst Michael Genovese.
"The U.S. telecom services market is becoming more competitive with significant infusions of overseas capital into Sprint (NYSE: S) and T-Mobile. This has the potential to spark something of a capex race, and we have already seen positive spending announcements from AT&T (NYSE: T), Sprint, CenturyLink (NYSE: CTL) and Deutsche Telkom. China Mobile (NYSE: CHL) has also made positive comments about its 2013 100G optical investment plans," added Genovese.
MKM maintained a Buy rating on Finisar (NASDAQ: FNSR) and raised its price target to $17.50 (from $16.00).
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 $15.59 yesterday, with a 52 week range of $10.95-$23.50.
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"We view FNSR as a key beneficiary of the capex recovery," said analyst Michael Genovese.
"The U.S. telecom services market is becoming more competitive with significant infusions of overseas capital into Sprint (NYSE: S) and T-Mobile. This has the potential to spark something of a capex race, and we have already seen positive spending announcements from AT&T (NYSE: T), Sprint, CenturyLink (NYSE: CTL) and Deutsche Telkom. China Mobile (NYSE: CHL) has also made positive comments about its 2013 100G optical investment plans," added Genovese.
MKM maintained a Buy rating on Finisar (NASDAQ: FNSR) and raised its price target to $17.50 (from $16.00).
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 $15.59 yesterday, with a 52 week range of $10.95-$23.50.
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