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FNSR

Finisar

$20.68

0.11 (0.53%)

06:40
11/29/17
11/29
06:40
11/29/17
06:40

Finisar downgraded to Neutral from Buy at B. Riley FBR

B. Riley FBR analyst Dave Kang downgraded Finisar to Neutral and cut his price target for the shares to $22 from $30.75. The stock closed yesterday up 11c to $20.68. The analyst has concerns related to the company's datacom business saying recent industry data suggest demand is sluggish. Datacom was once thought to be a safe haven for optical component suppliers, Kang contends. He believes consensus revenue estimates for Finisar in fiscal 2018 could be aggressive.

  • 29

    Nov

  • 07

    Dec

  • 12

    Dec

FNSR Finisar
$20.68

0.11 (0.53%)

11/29/17
DADA
11/29/17
NO CHANGE
Target $30
DADA
Buy
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.
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.
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).
11/02/17
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.

TODAY'S FREE FLY STORIES

ADBE

Adobe

$175.00

-1.83 (-1.03%)

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RIGL

Rigel Pharmaceuticals

$3.57

-0.15 (-4.03%)

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  • 17

    Apr

CRTO

Criteo

$24.42

-7.19 (-22.75%)

07:12
12/15/17
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07:12
Downgrade
Criteo rating change  »

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ORCL

Oracle

$50.19

0.14 (0.28%)

07:11
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Oracle analyst commentary  »

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IIPR

Innovative Industrial Properties

$22.60

2.28 (11.22%)

07:10
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HOLX

Hologic

$42.96

-0.72 (-1.65%)

07:08
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PFGC

Performance Food Group

$30.55

-0.9 (-2.86%)

07:07
12/15/17
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Earnings
Performance Food Group sees FY18 adjusted EPS up 13%-18% »

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  • 08

    Jan

TYME

Tyme Technologies

$3.30

0.05 (1.54%)

07:05
12/15/17
12/15
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07:05
Initiation
Tyme Technologies initiated  »

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ALNY

Alnylam

$123.66

-1.2 (-0.96%)

, SNY

Sanofi

$43.09

-0.83 (-1.89%)

07:04
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ALNY

Alnylam

$123.66

-1.2 (-0.96%)

SNY

Sanofi

$43.09

-0.83 (-1.89%)

03/08/13
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  • 18

    Jan

  • 25

    Mar

  • 02

    May

UA

Under Armour; also tag UAA

$12.45

0.09 (0.73%)

, UAA

Under Armour; also tag UA

$13.82

0.2 (1.47%)

07:04
12/15/17
12/15
07:04
12/15/17
07:04
Upgrade
Under Armour; also tag UAA, Under Armour; also tag UA rating change  »

Under Armour upgraded to…

UA

Under Armour; also tag UAA

$12.45

0.09 (0.73%)

UAA

Under Armour; also tag UA

$13.82

0.2 (1.47%)

03/08/13
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RBA

Ritchie Bros.

$28.69

0.3 (1.06%)

07:04
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Hot Stocks
Ritchie Bros. sess $50M+ of equipment in final Fort Worth, TX auction of 2017 »

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SNY

Sanofi

$43.09

-0.83 (-1.89%)

, ALNY

Alnylam

$123.66

-1.2 (-0.96%)

07:03
12/15/17
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07:03
Hot Stocks
Sanofi says FDA lifts clinical hold on fitusiran »

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SNY

Sanofi

$43.09

-0.83 (-1.89%)

ALNY

Alnylam

$123.66

-1.2 (-0.96%)

03/08/13
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  • 18

    Jan

  • 25

    Mar

  • 02

    May

CROX

Crocs

$10.94

-0.34 (-3.01%)

07:03
12/15/17
12/15
07:03
12/15/17
07:03
Upgrade
Crocs rating change  »

Crocs upgraded to Buy on…

03/08/13
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  • 07

    Jan

  • 08

    Jan

ESNC

EnSync

$0.44

0.0663 (17.79%)

, CHTR

Charter

$328.68

-0.32 (-0.10%)

07:03
12/15/17
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Hot Stocks
EnSync: Spectrum solar plus storage project commissioned in Hawaii »

EnSync (ESNC) announces…

ESNC

EnSync

$0.44

0.0663 (17.79%)

CHTR

Charter

$328.68

-0.32 (-0.10%)

03/08/13
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  • 19

    Dec

PFGC

Performance Food Group

$30.55

-0.9 (-2.86%)

07:03
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Performance Food Group appoints Jim Hope as CFO »

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  • 08

    Jan

ACRS

Aclaris Therapeutics

$24.72

-0.38 (-1.51%)

07:02
12/15/17
12/15
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07:02
Hot Stocks
Aclaris Therapeutics receives FDA approval for Eskata topical solution, 40% »

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  • 24

    Dec

AER

AerCap

$52.12

-0.46 (-0.87%)

07:01
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QTWO

Q2 Holdings

$37.30

-0.75 (-1.97%)

07:00
12/15/17
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Q2 Holdings analyst commentary  »

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SPX

S&P 500

07:00
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Technical Analysis
S&P 500: Pivot points »

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FIT

Fitbit

$6.82

-0.2 (-2.85%)

06:59
12/15/17
12/15
06:59
12/15/17
06:59
Downgrade
Fitbit rating change  »

Fitbit downgraded to Sell…

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AMZN

Amazon.com

$1,174.80

10.61 (0.91%)

06:55
12/15/17
12/15
06:55
12/15/17
06:55
Periodicals
Luxembourg appeals EU order to recover tax from Amazon, Reuters reports »

Luxembourg is appealing a…

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  • 18

    Mar

ACRS

Aclaris Therapeutics

$24.72

-0.38 (-1.51%)

06:55
12/15/17
12/15
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06:55
Hot Stocks
Breaking Hot Stocks news story on Aclaris Therapeutics »

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  • 24

    Dec

GDX

Market Vector Gold Miners

$22.07

-0.09 (-0.41%)

06:54
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Technical Analysis
Market Vector Gold Miners: Pivot points »

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DIS

Disney

$110.57

2.96 (2.75%)

, FOXA

21st Century Fox

$34.88

2.13 (6.50%)

06:54
12/15/17
12/15
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Recommendations
Disney, 21st Century Fox analyst commentary  »

Disney price target…

DIS

Disney

$110.57

2.96 (2.75%)

FOXA

21st Century Fox

$34.88

2.13 (6.50%)

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  • 15

    Dec

GLD

SPDR Gold Trust

$118.93

-0.24 (-0.20%)

06:54
12/15/17
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Technical Analysis
SPDR Gold Trust: Pivot points, pivot high broken »

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