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FNSR

Finisar

$25.04

-0.79 (-3.06%)

08:44
06/12/17
06/12
08:44
06/12/17
08:44

Finisar near-term estimates lowered due to China exposure at Craig-Hallum

Craig-Hallum analyst Richard Shannon lowered his estimates for the next two quarters to be reported by Finisar to account for weakness in China, but he also believes this weakness has already been factored into the stock. He still sees Finisar's risk/reward as favorable at current levels, given the stock has the "cheapest" valuation in the optical space and the fact that he feels "highly confident" that 3D sensing is coming to the mobile market in the second half in a "material" way. Shannon keeps a Buy rating and $38 price target on Finisar.

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FNSR Finisar
$25.04

-0.79 (-3.06%)

05/22/17
JEFF
05/22/17
NO CHANGE
JEFF
Buy
China Mobile build-out good news for Oclaro, says Jefferies
Jefferies analyst James Kisner points out that China Mobile last night selected vendors for the build-out of its Packet Transport Network, with 70% going to ZTE and the balance to Huawei. The news is particularly good for Oclaro (OCLR), which has significant exposure to ZTE, Kisner tells investors in a research note. It also bodes well for a recovery of telecom and networking equipment demand in China, which is positive for Finisar (FNSR) and Lumentum (LITE), the analyst adds. Kisner has Buy ratings on all three stocks.
05/22/17
RSBL
05/22/17
NO CHANGE
RSBL
China Telecom has begun work on Metro upgrade plan, says Rosenblatt
Rosenblatt Securities said China Telecom (CHA) has begun work on its Metro upgrade plan and the firm believes it will release tenders for both provincial and Metro in the timeframe of September to October. Companies in the optical equipment space that could benefit from China's upgrade cycle include Oclaro (OCRL), Finisar (FNSR), Lumentum (LITE), NeoPhotonics (NPTN), Acacia Communications (ACIA) and Viavi (VIAV).
06/08/17
RSBL
06/08/17
NO CHANGE
RSBL
Finisar could see impact from Huawei price cuts, says Rosenblatt
Rosenblatt thinks there was a CFP2 price cut of more than 20% at Huawei, which would largely impact Finisar (FNSR) with share declines of 10%-25%. The firm's analyst also said Lumentum (LITE) could win more market shares with an aggressive pricing strategy and will likely see a smaller impact.
06/12/17
JEFF
06/12/17
NO CHANGE
Target $34
JEFF
Buy
Finisar line card still not qualified at Verizon, says Jefferies
Jefferies analyst James Kisner says he's a buyer of Finisar (FNSR) ahead of the company's Q4 results after his channel checks suggested "very strong demand" for Datacom optics. His checks, however, also indicated that Finisar still isn't qualified at Verizon (VZ) for its ROADM line card. The analyst lowered his July quarter earnings per share estimate to 52c, below the consensus of 59c, to reflect "clear public datapoints" suggesting no recovery of China near-term and no benefits in the quarter from ROADM at Verizon. Nonetheless, Kisner believes Finisar's guidance could be better than feared and he sees low expectations into the print. The analyst keeps a Buy rating on Finisar with a $34 price target.

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ADP

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KKR

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BZUN

Baozun

$34.60

0.62 (1.82%)

18:05
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Baozun

$34.60

0.62 (1.82%)

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BZUN

Baozun

$34.60

0.62 (1.82%)

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BZUN

Baozun

$34.60

0.62 (1.82%)

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  • 21

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KKR

KKR

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KKR near 'clinching' $3B commitment from NYC pension system, Bloomberg says »

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ESV

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GDOT

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RIG

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RDN

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RT

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GPN

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NOC

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BA

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LMT

Lockheed Martin

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PBFX

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