Jefferies Cuts Numbers on Finisar (FNSR); Somewhat Cloudy

Jefferies maintains a 'Hold' on Finisar (NASDAQ: FNSR) price target of $13.50 (from $15.00).

Analyst, James Kisner, said, "Q1 results and Q2 guidance were below expectations. We’re inclined to remain on the sidelines with respect to Finisar shares until we are more confident that Finisar can finally begin to exceed expectations after multiple quarters of falling short of them."

FY13 EPS estimate lowered from $0.70 to $0.55 and FY14 from $1.00 to $0.85.

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 $13.52 yesterday.

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