Piper Jaffray Cuts Price Target on Finisar (FNSR) Following 1Q EPS Beat
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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.
... MoreUPDATE: 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 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
After Hours Stocks Movers 09/10: (ACET) (ZSPH) (RH) HIGHER; (ZUMZ) (FNSR) (RUN) LOWER (more...)
September 10, 2015 6:06 PM EDTZumiez, Inc. (NASDAQ: ZUMZ) 18.6% LOWER; reported Q2 EPS of $0.11, $0.01 worse than the analyst estimate of $0.12. Revenue for the quarter came in at $179.8 million versus the consensus estimate of $180 million. The Company's comparable sales decreased 10.7% for the four-week period ended August 29, 2015 compared to a comparable sales increase of 2.0% for the four-week period ended August 30, 2014. Zumiez, Inc. sees Q3 2015 EPS of $0.27-$0.31, versus the consensus of $0.53. Zumiez, Inc. sees Q3 2015 revenue of $202-206 million, versus the consensus of $224.70 million. This guidance is based on an anticipated comparable sales decrease in the 7%... More
Market Wrap: Markets Gain as Volatility Subsides; GE Moves to Sell More Assets; Initial Claims Flat W/W
September 10, 2015 5:24 PM EDTMarket wrap for September 10th
End of the Day: S&P 500 up 10.3 to 1,952.29; Dow Jones up 16,330.40 to 76.8; Nasdaq up 39.7 to 4,796.26
Market Brief: U.S. markets posted firm gains Thursday as volatility in the market continued to ebb.
Initial claims came in flat last week.
GE moved to sell additional assets.
lululemon athletica moved lower as its FY15 EPS outlook still trailed estimates.
Google launched its Android Pay... 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
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
Finisar (FNSR) CEO Departs
September 10, 2015 4:01 PM EDTFinisar Corporation (NASDAQ: FNSR), a global technology leader for subsystems and components for fiber optic communications, today 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... More
Trading Radar for 9/10: lululemon athletica (LULU), Restoration Hardware (RH), Finisar (FNSR), ACETO (ACET) Report
September 9, 2015 3:37 PM EDTThe Trading Radar highlights key earnings and economic announcements for the next trading session:
Before Markets Open:
Economics:
8:30am EDT
RBC Capital Downgrades Finisar (FNSR) to Sector Perform
September 9, 2015 7:18 AM EDTRBC Capital downgraded Finisar (NASDAQ: FNSR) from Outperform to Sector Perform with a price target of $17.00 (from $25.00).
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 $15.37 yesterday.
... More