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FNSR

Finisar

$20.68

0.11 (0.53%)

06:24
11/29/17
11/29
06:24
11/29/17
06:24

Finisar offers investors good value opportunity, says DA Davidson

DA Davidson analyst Mark Kelleher previews Finisar earnings next week, saying the ramp up in sales of 3D sensing lasers should offset the weakness in transceiver sales to China which could persist for a few more quarters. Kelleher keeps his Buy rating and $30 price target, adding that the company's multiple revenue growth vectors, as well as strong operating margins and cash flow, offer investors a good value opportunity.

  • 29

    Nov

  • 07

    Dec

  • 12

    Dec

FNSR Finisar
$20.68

0.11 (0.53%)

11/01/17
JEFF
11/01/17
INITIATION
JEFF
Buy
Finisar assumed with a Buy at Jefferies
Jefferies analyst George Notter assumed coverage of Finisar with a Buy rating and $28.50 price target. The analyst says that while the company's recent performance has been challenged, its key growth areas like 100G QSFP28 client optics and 3D sensing remain promising.
11/02/17
STFL
11/02/17
NO CHANGE
STFL
Facebook capex guidance positive for optical component suppliers, says Stifel
Stifel analyst Patrick Newton said Facebook's (FB) guidance for capital expenditures to double from a targeted $7B in 2017 to $14B in 2018 as a positive data point for Finisar (FNSR), Lumentum (LITE), Oclaro (OCLR), Fabrinet (FN), Infinera (INFN) and Ciena (CIEN). He believes Facebook's guidance reaffirms that cloud infrastructure spending is a multi-year trend and the weakness currently being experienced by optical component suppliers represents a near-term issue around timing of expenditures.
11/06/17
GSCO
11/06/17
DOWNGRADE
Target $22
GSCO
Neutral
Finisar downgraded to Neutral from Buy at Goldman Sachs
Goldman Sachs analyst Doug Clark downgraded Finisar (FNSR) to Neutral and his Telecom Equipment coverage view to Neutral from Attractive citing a more cautious stance on the optical component cycle. The analyst sees softening end markets, rising inventories and industry capacity. For Finisar, which reports earnings in early December, Clark thinks the company's guidance has "significant downside risk" relative to consensus expectations. The analyst cut his price target for the shares to $22 from $27. Finisar closed the trading day down 15c to $19.25. Elsewhere in Telecom Equipment sector, Clark has Buy ratings on Arris (ARRS) and Infinera (INFN), Neutral ratings on Acacia Communications (ACIA), Ciena (CIEN) and Lumentum (LITE), and a Sell rating on Adtran (ADTN).
11/16/17
MKMP
11/16/17
NO CHANGE
MKMP
Buy
Oclaro remains an attractive acquisition target, says MKM Partner
MKM Partners analyst Michael Genovese met with Oclaro CEO Greg Dougherty and said the conversation was consistent with what the company reported two weeks ago. Management noted that a recovery in China should occur in the middle of 2018, or potentially sooner, and talked about being the leading maker of Data Center lasers, with EML and DML lasers. The analyst believes Oclaro's EML lasers make it a very attractive acquisition target for a company such as Finisar (FNSR), which needs EML market exposure. Genovese rates Oclaro a Buy with a $10 price target.

TODAY'S FREE FLY STORIES

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General news
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LivePerson

$11.05

-0.05 (-0.45%)

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HUSKF

Husky Energy

$12.42

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COP

ConocoPhillips

$51.68

-0.28 (-0.54%)

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  • 13

    Dec

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SAFM

Sanderson Farms

$167.64

0.64 (0.38%)

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  • 14

    Dec

DB

Deutsche Bank

$19.33

-0.05 (-0.26%)

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T

AT&T

$38.04

-0.06 (-0.16%)

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BMY

Bristol-Myers

$63.47

0.19 (0.30%)

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Bristol-Myers granted exclusive license by Ono Pharma to develop ONO-4578 »

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  • 18

    Jan

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WFC

Wells Fargo

$59.40

-0.93 (-1.54%)

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  • 15

    Jan

HBAN

Huntington Bancshares

$14.58

-0.23 (-1.55%)

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ASB

Associated Banc-Corp

$25.10

-0.2 (-0.79%)

18:06
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Hot Stocks
Breaking Hot Stocks news story on Associated Banc-Corp »

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UBS

UBS

$17.90

0.035 (0.20%)

18:05
12/13/17
12/13
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Periodicals
UBS Wealth Management president Zeltner close to stepping down, Bloomberg says »

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PFE

Pfizer

$36.64

0.06 (0.16%)

18:03
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Pfizer announces FDA approves IXIFI, a biosimilar to Remicade »

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  • 04

    Jan

CNP

CenterPoint Energy

$28.40

0.02 (0.07%)

18:03
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Hot Stocks
CenterPoint Energy raises quarterly dividend 4% to 27.75c per share »

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MDXG

MiMedx

$11.99

-0.26 (-2.12%)

18:03
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Recommendations
MiMedx analyst commentary at Piper Jaffray »

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  • 13

    Dec

CE

Celanese

$108.31

1.34 (1.25%)

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Celanese raises acetyl intermediates products prices »

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WAL

Western Alliance

$57.30

-1.25 (-2.13%)

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Western Alliance: Sarver to transition from chairman, CEO to exec chairman in Q1 »

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USB

U.S. Bancorp

$54.60

-0.9 (-1.62%)

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  • 17

    Jan

WBS

Webster Financial

$56.16

-0.73 (-1.28%)

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  • 14

    Dec

HSBC

HSBC

$51.44

0.89 (1.76%)

17:56
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Breaking Hot Stocks news story on HSBC »

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WTR

Aqua America

$37.59

0.32 (0.86%)

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  • 17

    Jan

MSFT

Microsoft

$85.35

-0.23 (-0.27%)

17:38
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  • 18

    Jan

TCF

TCF Financial

$20.24

-0.16 (-0.78%)

17:36
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Breaking Hot Stocks news story on TCF Financial »

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CMA

Comerica

$84.81

-1.06 (-1.23%)

17:34
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  • 16

    Jan

CMCM

Cheetah Mobile

$11.18

-0.02 (-0.18%)

17:33
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