Piper Jaffray analyst Troy Jensen believes the acquisition of Finisar (FNSR) is "nearly a perfect fit" for II-VI (IIVI). Finisar is more exposed to datacom transceivers and wavelength selective switches, which will combine nicely with II-VI's telco pumps/amps and other optical components, Jensen tells investors in a research note. He believes the transaction is roughly 15% accretive to his fiscal 2020 earnings assumption. The pullback in II-VI shares has created a "very attractive" entry point, says the analyst. He would be a buyer at these levels and reiterates an Overweight rating on II-VI with a $59 price target.