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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.

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$NSD

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$NYE

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EBAY

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SNAP

Snap

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TWTR

Twitter

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DB

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$8.59

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NWL

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HOG

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AG

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F

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TWTR

Twitter

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ADNT

Adient

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