William Blair analyst Dmitry Netis points out that shares of Finisar have lost nearly 30% of their value since the March 8 earnings print and are down nearly 60% from highs in February 2017. The analyst sees "several reasons for investors to bottom-fish their entry into the stock." The risk/reward is "highly asymmetric" with the shares trading at book value, Netis tells investors in a research note titled "Oversold, Trading at Book Value Creates a Buying Opportunity; LBO, M&A, or Organic Reorg Are Next Catalysts." He finds it highly likely that the new CEO will announce an organic restructuring plan, which he views as a potential catalyst along with a potential acquisition or leveraged buyout. Netis keeps an Outperform rating on Finisar.