UPDATE: MKM Partners Downgrades Finisar (FNSR) to Neutral on Datacom Competitive Concerns
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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
B. Riley Downgrades Finisar (FNSR) to Neutral
September 11, 2015 7:44 AM EDTB. 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.
... MoreNeedham & 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) Misses Q1 EPS by 3c; Q2 Guidance Falls Short; CEO Gertel Resigns
September 10, 2015 4:02 PM EDTFinisar (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.
Finisar sees Q3 2015 EPS of $0.20-$0.26, versus the consensus of $0.28. Finisar sees Q3 2015 revenue of $304-324... More
