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Fly News Breaks for September 8, 2017
FNSR
Sep 8, 2017 | 07:50 EDT
Craig-Hallum analyst Richard Shannon Finisar's Q2 guidance was "quite poor," though he sees temporary factors far offsetting cyclical factors in October and thinks these should reverse in the near-future. The company blamed a manufacturing process tweak for pushing out 3D sensor sales by a quarter, but Shannon does not think this implies lost share with its lead customer, he tells investors. The analyst lowered his price target on Finisar shares to $28 from $38 but keeps his Buy rating on the stock.
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