Needham & Company Upgrades Finisar (FNSR) to Buy

Article Stock Quotes (1) Comments (0)

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, with a 52 week range of $10.95-$23.50.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• UPDATE: Leerink Swann Upgrades Bristol-Myers Squibb Co. (BMY) to Outperform
• Wells Fargo Downgrades Aruba Networks (ARUN) to Market Perform
• Avondale Partners Upgrades United Continental (UAL) to Market Perform

Create E-mail Alert Related Categories

Upgrades

Related Entities

Needham & Company

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?