RBC Capital Downgrades Finisar (FNSR) to Sector Perform
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Piper Jaffray Cuts Price Target on Finisar (FNSR) Following 1Q EPS Beat
September 11, 2015 8:08 AM EDTPiper Jaffray reiterated an Overweight rating on Finisar (NASDAQ: FNSR), and cut the price target to $20.00 (from $26.00), following the company's 1Q16 earnings results. FNSR reported revenue of $314.0M, below consensus estimates of $318.7M. Non-GAAP EPS of $0.23 was $0.03 below Street expectations.
Analyst Troy Jensen commented,... More
Needham & Company Cuts Price Target on Finisar (FNSR) Following 1Q16
September 11, 2015 7:02 AM EDTNeedham & Company maintained a Buy rating on Finisar (NASDAQ: FNSR), and cut the price target to $18.00 (from $25.00), following the the company's 1Q16. FNSR's CEO announced his resignation, and Chairman Rawls announced he will take the CEO role until a replacement can be... More
Finisar (FNSR) CEO Gertel Resigns
September 10, 2015 4:01 PM EDTFinisar (NASDAQ: FNSR) announced that its Board of Directors had accepted the resignation of Chief Executive Officer and director Eitan Gertel. Jerry Rawls, the Company's Executive Chairman, will continue to serve as principal executive and will also assume the title of Chief... More
