Apple (AAPL) Awards Finisar (FNSR) $390M From Advanced Manufacturing Fund

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UPDATE: Finisar (FNSR) PT Raised to $26 at Stifel; Apple Award a 'Win', Although Questions Remain

December 13, 2017 10:06 AM EST

(Updated - December 13, 2017 10:09 AM EST)

(updated to add comments)

Stifel analyst Patrick Newton raised his price target on Finisar (NASDAQ: FNSR) to $26.00 (from $22.00) while maintaining a Buy rating after the Apple $390M Advanced Manufacturing Fund for building out its VCSEL production... More

Finisar (FNSR) PT Raised to $28 at Piper Jaffray Following $390 Million Award from Apple (AAPL)

December 13, 2017 9:12 AM EST

Piper Jaffray raised its price target on Finisar (NASDAQ: FNSR) to $28.00 (from $22.00) while maintaining a Overweight rating.

Analyst Troy Jensen comments "While we always anticipated Finisar would get a supplier into Apple, we believe Apple's investment solidifies a longterm relationship between the two... More

Oclaro (OCLR), Lumentum (LITE) on Watch on Apple's Finisar (FNSR) Award

December 13, 2017 6:36 AM EST

Oclaro (NASDAQ: OCLR) and Lumentum Holdings (NASDAQ: LITE) are on watch following news Apple (NASDAQ: AAPL) awarded Finisar (NASDAQ: FNSR) at $390 million advanced manufacturing contract.

The award will... More