FUD Sinks Finisar (FNSR) but Don't Believe Hype

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Go back to FUD Sinks Finisar (FNSR) but Don't Believe Hype

Jefferies Downgrades Finisar (FNSR) to Underperform; Slashes Price Target

January 18, 2013 7:40 AM EST

Jefferies downgraded Finisar (NASDAQ: FNSR) from Hold to Underperform with a price target of $7.50 (from $14.00).

The firm comments, "Our checks and a recent public announcement from Intel suggest that the ultimate commercialization of highly deflationary silicon photonics technology in the... More