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FNSR

Finisar

$20.52

0.22 (1.08%)

09:27
08/29/18
08/29
09:27
08/29/18
09:27

Finisar may be faced with 'period of consolidation', says MKM Partners

MKM Partners analyst Michael Genovese is keeping his Buy rating and $22 price target on Finisar ahead of its Q1 earnings next week, but warns that the stock may be "due for a period of consolidation" following a 22% move higher last month. The analyst states that while the quarter has been a positive for the industry, Finisar's outlook may prove to be disappointing because of its "3D VCSEL revenues, 3D VCSEL capacity ramp timing, and overall corporate gross margins". Genovese also anticipates "ongoing weakness" in Finisar's 3D Sensing and 100G business pricing and margins.

  • 06

    Sep

  • 12

    Sep

FNSR Finisar
$20.52

0.22 (1.08%)

08/22/18
RAJA
08/22/18
DOWNGRADE
RAJA
Market Perform
Finisar downgraded to Market Perform from Outperform at Raymond James
08/22/18
08/22/18
DOWNGRADE

Market Perform
Finisar downgraded to Market Perform on slower 3D sales at Raymond James
As previously reported, Raymond James downgraded Finisar to Market Perform from Outperform. Analyst Simon Leopold reduced estimates to reflect a more gradual recovery saying Finisar will face challenges pressuring its data center transceiver business and share loss in optical switching. Leopold sees near-term risk of lower 3D sensing sales, a more gradual gross margin recovery, and views shares as fairly valued based on CY19 estimates.
08/23/18
PIPR
08/23/18
UPGRADE
Target $26
PIPR
Overweight
Finisar upgraded to Overweight from Neutral at Piper Jaffray
Piper Jaffray analyst Troy Jensen upgraded Finisar (FNSR) to Overweight from Neutral and raised his price target for the shares to $26 from $18. The shares closed yesterday down 95c, of 5%, to $18.65. China demand is returning via Huawei and ZTE (ZTCOY), Finisar is facing easy comps following five quarters of depressed demand and the upcoming 400G cycle should provide a tailwind in 2019, Jensen tells investors in a research note. On top of improving optical industry dynamics, the analyst believes Finisar's new CEO will improve the cost structure and execution at the company and drive better profitability. Now is a "great time" to revisit owning the shares, Jensen contends. The analyst this morning also upgraded Acacia Communications (ACIA) to Overweight from Neutral.
08/23/18
08/23/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Target (TGT) upgraded to Outperform from Market Perform at Telsey Advisory. 2. Deckers Brands (DECK) upgraded to Neutral from Negative at Susquehanna with analyst Sam Poser saying wholesale accounts are more positive than just a few months ago following checks with both large and small retailers. 3. Nielsen (NLSN) upgraded to Neutral from Sell at Goldman Sachs with analyst George Tong saying with activist Elliott Management pushing for a sale and increased deal activity in the Information Services sector, he sees increased likelihood of Nielsen being involved in a transaction. 4. Finisar (FNSR) upgraded to Overweight from Neutral at Piper Jaffray with analyst Troy Jensen saying China demand is returning via Huawei and ZTE (ZTCOY), Finisar is facing easy comps following five quarters of depressed demand and the upcoming 400G cycle should provide a tailwind in 2019. 5. Coca-Cola Amatil (CCLAY) upgraded to Equal Weight from Underweight at Morgan Stanley. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

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JNJ

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ORGS

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SNN

Smith & Nephew

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-0.38 (-1.03%)

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ALB

Albemarle

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1.12 (1.39%)

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TTWO

Take-Two

$104.09

1.87 (1.83%)

, ATVI

Activision Blizzard

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TTWO

Take-Two

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ATVI

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EA

Electronic Arts

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NTDOY

Nintendo

$0.00

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MSFT

Microsoft

$104.06

1.08 (1.05%)

SNE

Sony

$50.06

-0.425 (-0.84%)

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Put buying in PHLX Gold and Silver Mining Index as the sector sees strength »

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APHA

Aphria

$5.98

0.54 (9.93%)

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Hot Stocks
Citron expects 'major partnership or total buyout' soon for Aphria 

Reference Link

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APHA

Aphria

$6.01

0.57 (10.48%)

, IGC

India Globalization Capital

$0.00

(0.00%)

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Citron mentions Aphria positively again, says 'everything changed' in cannabis 

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APHA

Aphria

$6.01

0.57 (10.48%)

IGC

India Globalization Capital

$0.00

(0.00%)

CANN

General Cannabis

$0.00

(0.00%)

CGC

Canopy Growth

$29.00

-0.365 (-1.24%)

MLCPF

MediPharm Labs

$0.00

(0.00%)

CRON

Cronos Group

$11.64

0.52 (4.68%)

TLRY

Tilray

$74.39

8.5 (12.90%)

CVSI

CV Sciences

$0.00

(0.00%)

CNTTF

CannTrust Holdings

$0.00

(0.00%)

ACB

Aurora Cannabis

$5.55

0.01 (0.18%)

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APHA

Aphria

$6.01

0.57 (10.48%)

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Periodicals
Breaking Periodicals news story on Aphria »

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

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$NYE

NYSE Market Internals

$0.00

(0.00%)

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NLSN

Nielsen

$24.98

-0.32 (-1.26%)

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RCII

Rent-A-Center

$12.56

-1.89 (-13.08%)

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  • 20

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RCII

Rent-A-Center

$12.67

-1.78 (-12.32%)

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  • 20

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RCII

Rent-A-Center

$12.67

-1.78 (-12.32%)

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Hot Stocks
Breaking Hot Stocks news story on Rent-A-Center »

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  • 20

    Dec

ISCA

International Speedway

$43.26

0.12 (0.28%)

13:10
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13:10
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General news
FOMC began its 2-day meeting amid myriad controversies »

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RCII

Rent-A-Center

$12.72

-1.73 (-11.97%)

13:09
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Upgrade
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  • 20

    Dec

CSCO

Cisco

$44.25

0.04 (0.09%)

, AAOI

Applied Optoelectronics

$16.24

-0.89 (-5.20%)

13:05
12/18/18
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13:05
Recommendations
Cisco, Applied Optoelectronics, Finisar analyst commentary  »

Luxtera buyout negative…

CSCO

Cisco

$44.25

0.04 (0.09%)

AAOI

Applied Optoelectronics

$16.24

-0.89 (-5.20%)

FNSR

Finisar

$21.76

0.2 (0.93%)

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  • 10

    Jan

  • 04

    Mar

APHA

Aphria

$5.87

0.43 (7.90%)

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Options
Aphria call volume above normal and directionally bullish »

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CBS

CBS

$46.15

-0.66 (-1.41%)

, ORCL

Oracle

$46.19

0.47 (1.03%)

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On The Fly
Fly Intel: Wall Street's top stories at midday »

Stocks started strong and…

CBS

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ORCL

Oracle

$46.19

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JNJ

Johnson & Johnson

$131.92

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BA

Boeing

$330.55

14.17 (4.48%)

TLRY

Tilray

$73.29

7.4 (11.23%)

NVS

Novartis

$85.67

-0.13 (-0.15%)

NAV

Navistar

$26.72

2.88 (12.08%)

RCII

Rent-A-Center

$12.45

-2 (-13.84%)

LXFR

Luxfer

$17.87

-3.55 (-16.57%)

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    Jan

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