Piper Jaffray Reiterates Overweight Rating on Finisar Corporation

Piper Jaffray has published a report Finisar Corporation

reiterating the price target and rating for the network equipment producer. In the report, Piper Jaffray wrote, "We believe this will provide a short-term boost for Finisar and other optical suppliers and we continue to believe in the mid-longer term growth prospects of this space. Wireless back-haul and fiber-to-the-home is driving demand for optics in access networks. 40/100G upgrades in the core should re-accelerate with coherent technology coming available. LAN/SAN optics should remain healthy with increasing investments in data centers." Piper Jaffray rated Finisar an Overweight with a price target of $22.00. Finisar Corporation closed Friday at $15.95.