Finisar (FNSR) Misses Q4 EPS by 7c, Offers Q1 Guidance
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William Blair Reiterates Outperform on Finisar (FNSR) Following 4Q
June 18, 2018 8:52 AM EDTWilliam Blair reiterated an Outperform rating on Finisar (NASDAQ: FNSR) following the company's 4Q release. The quarter unfolded largely in line with expectations, with the exception of gross margin, which after further inspection was affected by 3-D sensing fab underabsorption and inventory write-downs from ongoing strategic... More
Needham & Company Remains Sidelined on Finisar (FNSR) Following 4Q
June 15, 2018 8:22 AM EDTNeedham & Company reiterated a Hold rating on Finisar (NASDAQ: FNSR) following the company's 4Q earnings report. Revenues were roughly in line, GMs light and OPEX a bit light. The $0.05 EPS primarily reflects the GM hit on costs for the Sherman ramp and the... More
MKM Partners Remains Bullish on Finisar (FNSR) Following 4Q
June 15, 2018 7:04 AM EDTMKM Partners reiterated a Buy rating and $22.00 price target on Finisar (NASDAQ: FNSR) following the company's 4Q earnings report. GMs and EPS came in at 24.7% and $0.05, respectively, versus MKM Partners' 27.5% and $0.12 estimates. Management attributed the GMs miss to under-absorption of 3D VCSEL fixed... More
