Finisar Announces Record Second Fiscal Quarter Revenues and Profits
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MKM Partners Raises Price Target on Finisar (FNSR) to $43 Following 2Q
December 9, 2016 10:52 AM ESTMKM 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
Finisar (FNSR) Gives Up Early Gains
December 9, 2016 9:53 AM ESTFinisar (NASDAQ: FNSR) gives up early gains. Shares down 1.9% after trading up sharply earlier on positive results, outlook.
... MoreJefferies Raises Price Target on Finisar (FNSR) to $37 Following 2Q Beat and Raise
December 9, 2016 7:58 AM ESTJefferies 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
Needham & Company Raises Price Target on Finisar (FNSR) to $44; Reiterates Strong Buy
December 9, 2016 7:17 AM ESTNeedham & 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
Finisar (FNSR) Tops Q2 EPS by 12c; Guides Above the Street
December 8, 2016 4:03 PM ESTFinisar (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
