Finisar (FNSR) PT Raised to $44 at Needham & Company, Estimates Raised Sharply

December 9, 2016 7:19 AM

Needham & Company analyst Alex Henderson reiterated a Strong Buy rating and raised his price target on Finisar (NASDAQ: FNSR) to $44.00 (from $42.00)

commented, " The upgrade to 25G/100G has barely even started, yet Finisar is already seeing a major impact. Finisar's results came in sharply above forecast, and the guidance is equally strong. We are thus sharply increasing our estimates and increasing our Price Target, and we reiterate our Strong Buy. Welcome to the Data Comm leg of the Super Cycle."

The firm is sharply raising estimates:

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 $34.13 yesterday.

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