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FNSR

Finisar

$22.30

0.12 (0.54%)

09:30
06/14/19
06/14
09:30
06/14/19
09:30

Finisar price target lowered to $23 from $25 at MKM Partners

MKM Partners analyst Michael Genovese lowered his price target on Finisar to $23 and kept his Neutral rating after its mixed Q4 results with "soft" revenues and solid earnings. The analyst attributes the shortfall to the "ongoing weakness" in 100G datacom module pricing and also lowers his FY20 EPS view to $1.09 from $1.37 to account for Huawei sales loss, but also believes that the company's Telecom business was likely solid and its 3D Sensing performance was "okay".

FNSR Finisar
$22.30

0.12 (0.54%)

12/31/18
12/31/18
UPGRADE
Target $40

Outperform
II-VI upgraded to Outperform on valuation at Northland
As previously reported, Northland upgraded II-VI (IIVI) to Outperform from Market Perform and increased its price target to $40 from $39. Analyst Tim Savageaux said the pullback in shares following the Finisar (FNSR) discounts an overly negative view given both pro forma earnings power and deal synergies of nearly $4/share.
03/01/19
PIPR
03/01/19
NO CHANGE
Target $24.5
PIPR
Overweight
Finisar revenue growth remains 'elusive,' says Piper Jaffray
Finisar last night reported December quarter results similar to last quarter with earnings upside but revenues below consensus, Piper Jaffray analyst Troy Jensen tells investors in a research note. The company made improvements in gross margins, but given greater than 70% of its sales are datacom related and the segment continues to see weakness, Jensen adds. As such, "solid revenue growth remains elusive," he says. The analyst maintains a Buy rating on Finisar shares with a $24.50 price target.
05/01/19
PIPR
05/01/19
NO CHANGE
Target $50
PIPR
Overweight
II-VI Q3 results show 'strong optical demand', says Piper Jaffray
Piper Jaffray analyst Troy Jensen kept his Overweight rating and $50 price target on II-VI (IIVI) after its Q3 results, saying its Q3 earnings miss was driven by slower than expected 3D sensing revenue growth, even though the demand for its optical business remained strong. The analyst still believes that 3D sensing will be a tailwind for II-VI longer term and also sees its Finisar (FNSR) acquisition tracking according to plan toward a closing in 2-3 months.
05/02/19
CHLM
05/02/19
NO CHANGE
Target $54
CHLM
Buy
II-VI price target raised to $54 from $47 at Craig-Hallum
Craig-Hallum analyst Richard Shannon raised his price target for II-VI (IIVI) to $54 from $47, assuming the company will close Finisar (FNSR) and based on his projected 2021 EPS for the combined entity. The analyst reiterates a Buy rating on II-VI shares.

TODAY'S FREE FLY STORIES

FSUGY

Fortescue Metals

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TCDA

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CTL

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MORF

Morphic Holdings

$0.00

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WBA

Walgreens Boots Alliance

$52.40

-0.59 (-1.11%)

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$150.58

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ADPT

Adaptive Biotechnologies

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BBIO

BridgeBio

$0.00

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CHNG

Change Healthcare

$0.00

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INXN

Interxion

$73.09

-1.97 (-2.62%)

20:11
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LECO

Lincoln Electric

$80.24

0.1 (0.12%)

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CMCSA

Comcast

$42.11

-0.64 (-1.50%)

, CMCSK

Comcast

$0.00

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$42.11

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CMCSK

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MLHR

Herman Miller

$37.86

0.75 (2.02%)

, KBH

KB Home

$23.58

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PECK

Peck

$6.50

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VRCA

Verrica Pharmaceuticals

$9.44

-0.1 (-1.05%)

PIR

Pier 1 Imports

$8.80

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RAD

Rite Aid

$7.11

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ACRS

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$4.45

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BA

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$375.05

5.68 (1.54%)

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OXY

Occidental Petroleum

$50.42

1.05 (2.13%)

, APC

Anadarko

$70.50

0.41 (0.58%)

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OXY

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$50.42

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APC

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$70.50

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PIR

Pier 1 Imports

$8.80

0.14 (1.62%)

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FB

Facebook

$187.60

-1.27 (-0.67%)

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Amazon.com

$1,897.51

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AMZN

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NOMD

Nomad Foods

$20.34

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ISTR

Investar Holding

$23.35

0.23 (0.99%)

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ISTR

Investar Holding

$23.35

0.23 (0.99%)

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GD

General Dynamics

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TM

Toyota

$123.23

-0.68 (-0.55%)

, SFTBF

SoftBank

$0.00

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TM

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$123.23

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SFTBF

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MZDAF

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SZKMF

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ISUZY

Isuzu Motors

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UAL

United Continental

$85.32

0.27 (0.32%)

, BA

Boeing

$375.05

5.68 (1.54%)

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UAL

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NOMD

Nomad Foods

$20.34

-0.24 (-1.17%)

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AMC

AMC Entertainment

$9.45

-0.03 (-0.32%)

, HMNY

Helios and Matheson

$0.00

(0.00%)

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HMNY

Helios and Matheson

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SECCF

Serco Group

$0.00

(0.00%)

, BAESY

BAE Systems

$0.00

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BAE Systems

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ACRS

Aclaris Therapeutics

$4.45

0.06 (1.37%)

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