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Fly News Breaks for September 7, 2018
FNSR
Sep 7, 2018 | 05:20 EDT
Piper Jaffray analyst Troy Jensen says Finisar reported "impressive" July quarter results with modest revenue upside, better than expected gross margins and upside to earnings. The analyst continues to like the setup for Finisar and believes improving demand trends, coupled with easy comps, should reaccelerate revenue growth through the remainder of 2018 and into 2019. He reiterates an Overweight rating on the shares with a $26 price target.
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