Craig-Hallum analyst Richard Shannon upgraded Finisar to Buy and increased his price target to $19.50 from $16. Shannon was encouraged by guidance in a seasonally difficult part of Finisar's year and believes the company has reached the inflection point he has been waiting for. The analyst its more positive on the company's positioning in key Telecom and datacom products, specifically ROADMs and 100G transceivers, which provide for a richer mix and better growth. This, combined with opex controls, should drive earnings growth in 2017 after two years of declines, he tells investors.