Finisar Announces First Fiscal Quarter 2016 Financial Results

FREE Breaking News Alerts from StreetInsider.com!

StreetInsider.com Top Tickers, 10/9/2026

1. HUM
2. SPCX
3. ALHC
4. T
5. PEP

6. CVS
7. UNH
8. SBUX
9. AXP
10. ZETA

Piper Jaffray Cuts Price Target on Finisar (FNSR) Following 1Q EPS Beat

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

B. Riley Downgrades Finisar (FNSR) to Neutral

September 11, 2015 7:44 AM EDT

B. Riley downgraded Finisar (NASDAQ: FNSR) from Buy to Neutral with a price target of $16.75 (from $27.00).

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 $14.91 yesterday.

... More

UPDATE: MKM Partners Downgrades Finisar (FNSR) to Neutral on Datacom Competitive Concerns

September 11, 2015 7:44 AM EDT

(Updated - September 11, 2015 10:51 AM EDT)

MKM Partners downgraded Finisar (NASDAQ: FNSR) from Buy to Neutral with a price target of $15.50 (from $25.50). The change follows Q1 results and guidance. Analyst Michael Genoves pointed out continued deterioration in the datacom competitive environment.

"We are downgrading FNSR to Neutral from Buy, after soft earnings and guidance, because the Datacom components competitive and pricing environments continue to get worse. We... More

Needham & Company Cuts Price Target on Finisar (FNSR) Following 1Q16

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

Finisar (FNSR) Misses Q1 EPS by 3c; Q2 Guidance Falls Short; CEO Gertel Resigns

September 10, 2015 4:02 PM EDT

Finisar (NASDAQ: FNSR) reported Q1 EPS of $0.23, $0.03 worse than the analyst estimate of $0.26. Revenue for the quarter came in at $314.03 million versus the consensus estimate of $318.71 million.