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Fly News Breaks for June 16, 2017
FNSR
Jun 16, 2017 | 07:45 EDT
After Finisar reported lower than expected Q4 revenue and provided weaker than expected Q1 guidance, Stifel analyst Patrick Newton blamed several factors for the weakness, including the company's China business and 10G softness. However, the analyst says that the stock reflects the China weakness while the company's fundamentals will probably bottom next month. He keeps a $33 price target and a Buy rating on the shares.
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