Finisar (FNSR) PT, Estimates Raised at Piper Jaffray Following Solid Q4
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Go back to Finisar (FNSR) PT, Estimates Raised at Piper Jaffray Following Solid Q4
June 17, 2016 7:53 AM EDT
Jefferies reiterated a Hold rating on Finisar (NASDAQ: FNSR), and raised the price target to $19.00 (from $18.00) following the company's 4Q earnings report. Revenue grew to $319M, in-line with the Consensus estimates of $318M. EPS hit $0.29, above Consensus of $0.25. Revenue guidance for 1Q of ~... More
June 17, 2016 6:20 AM EDT
Needham analyst, Alex Henderson, expected Finisar (NASDAQ: FNSR) to have a strong quarter but the guidance was better than expected leading to a PT increase to $24 from $22.
-CY16 revenues increase to $1,349MM from $1,334MM and CY16 EPS to $1.26 from $1.13
-CY17 revenues... More
June 16, 2016 4:02 PM EDT
Finisar (NASDAQ: FNSR) reported Q4 EPS of $0.29, $0.04 better than the analyst estimate of $0.25. Revenue for the quarter came in at $318.8 million versus the consensus estimate of $317.38 million.
GUIDANCE:
Finisar sees Q1 2017 EPS of $0.27-$0.33, versus the consensus of $0.27. Finisar sees... More
