Needham & Company Initiates Coverage on Finisar (FNSR) with a Hold; Well Positioned, But Slowing Conditions

Needham & Company initiates coverage on Finisar (Nasdaq: FNSR) with a Hold.

Analyst, Alex Henderson, said, "We continue to think Finisar is the best positioned company in the Optical components market. We think they are the strongest in the critical WSS component arena with their industry leading Liquid Crystal on Silicon (LCoS) technology...However, with sluggish and slowing economic conditions the sector is seeing limp volumes and struggling for growth. Against this backdrop the pricing conditions remain challenging and the low volumes make offsetting price pressures increasingly difficult. While we think Finisar can sustain its margins despite the slow conditions, expanding margins may be more challenging."

To see more ratings on FNSR, Click Here

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Needham Starts Faeth Therapeutics (FTH) at Buy
• BofA Securities Starts Mobility Global (MBGL) at Neutral
• Needham Reiterates Buy Rating on Bill.com Holdings Inc. (BILL)