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LITE

Lumentum

$51.75

-1.75 (-3.27%)

, FNSR

Finisar

$19.30

-0.51 (-2.57%)

11:09
12/13/17
12/13
11:09
12/13/17
11:09

Apple's investment in Finisar's new fab a neutral for Lumentum, says Rosenblatt

Rosenblatt analyst Jun Zhang said Apple's (AAPL) investment in Finisar's (FNSR) new fab is a neutral for Lumentum (LITE). Zhang said Finisar might not be able to supply the Android market as it sold all its potential capacity to Apple, reducing competition for Lumentum in that market. Further, the fab will take several quarters to prepare while the competitive landscape is not likely to change in 2018-2019, leaving Lumentum as the primary supplier to Apple, the analyst wrote.

LITE

Lumentum

$51.75

-1.75 (-3.27%)

FNSR

Finisar

$19.30

-0.51 (-2.57%)

AAPL

Apple

$171.70

-0.97 (-0.56%)

LITE Lumentum
$51.75

-1.75 (-3.27%)

12/11/17
RSBL
12/11/17
NO CHANGE
Target $75
RSBL
Buy
Lumentum's shipments could triple in China, says Rosenblatt
Rosenblatt analyst Jun Zhang's research indicates Lumentum's shipments of high and low modules into Chinese OEMs could triple in 2018, offsetting CFP2 declines. Zhang said the ROADM ramp could deliver improved margins which could be incremental to US ROADM growth. Further, the analyst believes VCSEL laser competitors are behind Lumentum in terms of yield rate and quality and expects the company to hold its leading position at Apple when Apple (AAPL) books VCSEL laser capacity for 2018-19 over the next 2-3 months. Zhang rates Lumentum a Buy with a $75 price target.
12/11/17
NORL
12/11/17
UPGRADE
Target $58
NORL
Outperform
Lumentum upgraded to Outperform on valuation, VCSEL leadership at Northland
As previously reported, Northland analyst Tim Savageaux upgraded Lumentum to Outperform from Market Perform and raised his price target to $58 citing the recent pullback in shares and the company's strengthening leadership in 3DS VCSELs.
12/13/17
PIPR
12/13/17
NO CHANGE
Target $28
PIPR
Overweight
Finisar price target raised to $28 after Apple award at Piper Jaffray
Piper Jaffray analyst Troy Jensen raised his price target on Finisar (FNSR) to $28 from $22 after the company was awarded a $390M investment from Apple (AAPL) to scale VCSEL capacity, saying that he believes the deal solidifies a long-term relationship between the companies. Jensen has previously assumed Finisar only had 25% of the high-powered VCSEL for the iPhone X and Lumentum (LITE) had 75% of the high-power and 100% of the low-power VCSEL, but he now believes Finisar could capture significantly more share than previously expected, he tells investors.
12/13/17
RSBL
12/13/17
NO CHANGE
RSBL
Lumentum weakness a buying opportunity, says Rosenblatt
FNSR Finisar
$19.30

-0.51 (-2.57%)

12/08/17
PIPR
12/08/17
NO CHANGE
Target $22
PIPR
Overweight
Finisar price target lowered to $22 from $26 at Piper Jaffray
Piper Jaffray analyst Troy Jensen lowered his price target for Finisar to $22 saying the company reported mixed October quarter results, with revenues modestly above recently lowered consensus and earnings well below expectations. The analyst likes the setup for Finisar as he expects a "modest" recovery in China, traction with ACO design wins and a meaningful ramp in 3D sensing sales in 2018. He believes the current risk/reward looks attractive and reiterates an Overweight rating on the shares.
12/08/17
CHLM
12/08/17
NO CHANGE
Target $24
CHLM
Buy
Finisar gross margins likely near bottom, says Craig-Hallum
Craig-Hallum analyst Richard Shannon said it could be "a couple more quarters" before Finisar (FNSR) is able to report both meaningful sales and gross margin improvement together. However, he notes that the company is currently guiding its gross margins near levels where they'd previously bottomed twice over the past six years, which indicates to him they may be near a bottom again. Shannon said he is encouraged by the company's apparent 3D sensor qualification, which he believes to be at Apple (AAPL), and maintains a Buy rating on Finisar shares, though he trimmed his price target to $24 from $25.
12/13/17
STFL
12/13/17
NO CHANGE
Target $26
STFL
Buy
Finisar price target raised to $26 after Apple award at Stifel
Stifel analyst Patrick Newton raised his price target for Finisar (FNSR) to $26 from $22 after the company announced it will receive $390M from Apple's (AAPL) Advanced Manufacturing Fund for building out its VCSEL production capabilities at its recently purchased Sherman facility. The analyst sees this as a win, and notes it further legitimizes 3D Sensing technology, eliminating any investor concern that Apple may revert to finger print sensors in the future as some data on iPhone X sell through has lagged expectations. He reiterates a Buy rating on Finisar's shares.
AAPL Apple
$171.70

-0.97 (-0.56%)

12/13/17
SBSH
12/13/17
NO CHANGE
Target $200
SBSH
Buy
Citi lists reasons to own Apple despite 48% year-to-date rally
Citi analyst Jim Suva sees five reasons Apple shares can trade higher in 2018 despite the 48% year-to-date rally in 2017. He reiterates a Buy rating on the stock with a $200 price target. The iPhone maker closed yesterday down 97c to $171.70. The "super upgrade cycle" will continue in 2018 as iPhone production issues have resulted in elongated lead times versus prior cycles, Suva tells investors in a research note. This is his number one reason for the stock moving higher next year. The remaining four are tax reform, continued Services revenue growth from a "sticky" user base, more spending from enterprises growth and an "attractive" valuation with Apple trading at a 20% discount to the S&P 500.

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GRPN

Groupon

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CELG

Celgene

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VALU

Value Line

$19.60

0.3 (1.55%)

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VALU

Value Line

$19.60

0.3 (1.55%)

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ZEAL

Zealand Pharma

$15.05

-0.78 (-4.93%)

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GNMSF

Genmab

$190.75

2.75 (1.46%)

, JNJ

Johnson & Johnson

$147.36

0.44 (0.30%)

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JNJ

Johnson & Johnson

$147.36

0.44 (0.30%)

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HII

Huntington Ingalls

$242.12

5.24 (2.21%)

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BAESY

BAE Systems

$33.30

0.18 (0.54%)

, GD

General Dynamics

$209.10

1.3 (0.63%)

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GD

General Dynamics

$209.10

1.3 (0.63%)

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SYRS

Syros Pharmaceuticals

$10.80

0.27 (2.56%)

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WTFC

Wintrust Financial

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TWTR

Twitter

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ITEK

Inotek Pharmaceuticals

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OIS

Oil States

$32.80

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AVGO

Broadcom

$266.39

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TRNC

tronc

$19.53

0.3 (1.56%)

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AP

Ampco-Pittsburgh

$14.20

0.15 (1.07%)

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CG

Carlyle Group

$24.35

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, UBSH

Union Bankshares

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ANDX

Andeavor Logistics

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Options
Preliminary option volume of 22.8M today »

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TRNC

tronc

$19.53

0.3 (1.56%)

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