Finisar Announces Record Second Fiscal Quarter Revenues and Profits
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December 9, 2016 10:52 AM EST
MKM Partners reiterated a Buy rating on Finisar (NASDAQ: FNSR), and raised the price target to $43.00 (from $37.50), following the company's 2Q earnings report. Revenues came in at $370mn, beating the consensus estimates by $6mn. Finisar delivered $0.58 non-GAAP EPS in 2QFY17 compared to estimates that were $0.10-$0.11 lower.
Analyst Michael Genovese commented, "Finisar... More
December 9, 2016 9:53 AM EST
Finisar (NASDAQ: FNSR) gives up early gains. Shares down 1.9% after trading up sharply earlier on positive results, outlook.
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December 9, 2016 7:58 AM EST
Jefferies reiterated a Hold rating on Finisar (NASDAQ: FNSR), and raised the price target to $37.00 (from $28.00), following the company's 2Q earnings report. FNSR reported revenue grew of $369.9M, beating Consensus of $364.3M. EPS hit $0.58, above Consensus of $0.46. Management released revenue guidance of ~$388M,... More
December 9, 2016 7:17 AM EST
Needham & Company reiterated a Strong Buy rating on Finisar (NASDAQ: FNSR), and raised the price target to $44.00 (from $42.00). The market is shifting to 100G. However, the lack of 25G NIC cards from Intel and the supply constraints on QSFP28 100G have limited the... More
December 8, 2016 4:03 PM EST
Finisar (NASDAQ: FNSR) reported Q2 EPS of $0.58, $0.12 better than the analyst estimate of $0.46. Revenue for the quarter came in at $369.9 million versus the consensus estimate of $361.99 million.
GUIDANCE:
Finisar sees Q3 2017 EPS of $0.58-$0.64, versus the consensus of $0.48. Finisar sees Q3... More
