Market Overview

UPDATE: Stifel Nicolaus Reduces PT to $18 on Finisar on Competitor Pre-Announcement

Related FNSR
Top Performing Industries For September 11, 2014
Benzinga's Volume Movers

Stifel Nicolaus reiterated its Buy rating on Finisar (NASDAQ: FNSR) but reduced its price target from $20 to $18.

Stifel Nicolaus noted, "We are moderating our estimates for FNSR on the heels of Oclaro's negative revision to its September quarter revenue expectation and to reflect a weaker service provider capex and macro environment. We continue to view optical component industry fundamentals as having bottomed and continue to model sequential growth from June quarter levels for FNSR and industry participants, but are moderating growth expectations."

Finisar closed at $13.52 on Friday.

Latest Ratings for FNSR

DateFirmActionFromTo
Sep 2014Stifel NicolausDowngradesBuyHold
Sep 2014RBC CapitalMaintainsOutperform
Sep 2014Janney CapitalMaintainsBuy

View More Analyst Ratings for FNSR
View the Latest Analyst Ratings

Posted-In: Stifel NicolausAnalyst Color Price Target Analyst Ratings

 

Related Articles (FNSR)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters