Information Provided By:
Fly News Breaks for June 12, 2017
FNSR
Jun 12, 2017 | 08:44 EDT
Craig-Hallum analyst Richard Shannon lowered his estimates for the next two quarters to be reported by Finisar to account for weakness in China, but he also believes this weakness has already been factored into the stock. He still sees Finisar's risk/reward as favorable at current levels, given the stock has the "cheapest" valuation in the optical space and the fact that he feels "highly confident" that 3D sensing is coming to the mobile market in the second half in a "material" way. Shannon keeps a Buy rating and $38 price target on Finisar.
News For FNSR From the Last 2 Days
There are no results for your query FNSR