Needham & Company Upgrades Finisar (FNSR) to Buy

December 3, 2012 7:32 AM EST
Get Alerts FNSR Hot Sheet
Price: $29.45 --0%

Rating Summary:
    15 Buy, 6 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
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Needham & Company upgraded Finisar (NASDAQ: FNSR) from Hold to Buy with a price target of $18.00.

The firm comments, "Upgrading to Buy based on expectations of improved new product momentum and service provider spending conditions for CY13. We think Finisar is seeing improved demand for its ROADM line card and LCoS WSS modules. We think new products such as the LR4 40/100G offering remain sold out and are producing strong growth."

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 $13.57 yesterday.

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