Jefferies Maintains a 'Hold' on Finisar (FNSR); Q1 Preview: Data Center Strength, But Baked In

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Jefferies maintains a 'Hold' on Finisar (NASDAQ: FNSR) price target of $15.00 (from $12.50).

Analyst, James Kisner, said, "Our checks suggest fundamentals in data center optics are improving, likely benefiting Finisar’s LAN/SAN business. However, we’re also hearing that price pressure in WSS modules remains intense. We remain on the sidelines due to valuation and longer-term concerns around technology risk posed by silicon photonics."

Raising Q1 EPS estimate from $0.14 to $0.15, but lowers FY from $0.75 to $0.70.

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 $15.91 yesterday, with a 52 week range of $11.24-$23.50.

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