RBC Capital Downgrades Finisar (FNSR) to Sector Perform
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Go back to RBC Capital Downgrades Finisar (FNSR) to Sector Perform
September 11, 2015 8:08 AM EDT
Piper 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
September 11, 2015 7:02 AM EDT
Needham & 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
September 10, 2015 4:01 PM EDT
Finisar (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
