Finisar Announces Record First Fiscal Quarter Revenues
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Stifel Raises Price Target on Finisar (FNSR) Following Strong 1Q Report
September 9, 2016 8:30 AM EDTStifel reiterated a Buy rating on Finisar (NASDAQ: FNSR), and raised the price target to $33.00 (from $28.00), following the company's 1Q earnings report. FNSR reported revenue of $341.3 million and pro forma EPS of $0.38 compared to the consensus expectations of $333.7 million and $0.30, respectively.
Analyst Patrick Newton commented, "Finisar printed a July... More
UPDATE: MKM Partners Upgrades Finisar (FNSR) to Buy
September 9, 2016 6:45 AM EDT(Updated - September 9, 2016 10:42 AM EDT)
MKM Partners upgraded Finisar (NASDAQ: FNSR) from Neutral to Buy with a price target of $35.00 (from $21.00). Yesterday Finisar reports results that topped expectations. Analyst Michael Genovese noted strength in 100+G optical.
"We are extremely upbeat on... More
William Blair Upgrades Finisar (FNSR) to Outperform
September 9, 2016 6:44 AM EDTWilliam Blair upgraded Finisar (NASDAQ: FNSR) from Market Perform to Outperform.
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 $23.23 yesterday.
... MoreFinisar (FNSR) Tops Q1 EPS by 8c; Offers Strong Q2 Outlook
September 8, 2016 4:01 PM EDTFinisar (NASDAQ: FNSR) reported Q1 EPS of $0.38, $0.08 better than the analyst estimate of $0.30. Revenue for the quarter came in at $341.3 million versus the consensus estimate of $332.75 million.
"I am pleased to announce that Finisar achieved record revenues for our first quarter of $341.3 million,... More
