UPDATE: Citi Raises Target Price On Finisar To $23

By Steven Anfield
Benzinga Staff Writer
September 02, 2011 8:46 AM

Symbols: FNSR

Tags: Citi

Posted in: Analyst Color, Price Target, Analyst Ratings

According to Citi, Finisar (NASDAQ: FNSR) price target is raised to $23.

Citi said that is raises the estimates, increases the target price to $23, and reiterates the Buy/High Risk rating. “Revenues/EPS of $228mln/$0.21 were better than consensus $228mln/$0.18, despite a 47% q/q decline in ROADM revenues.”

Finisar closed yesterday at $18.59.

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UPDATE: Citi Raises Target Price On Finisar To $23

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