Market Overview

UPDATE: Stifel Nicolaus Raises PT to $20 on Finisar on Improving Industry Fundamentals

Related FNSR
25 Stocks Which Rallied Four Days, Then Sold Off On Friday
8 Biggest Price Target Changes For Tuesday
Lumentum, Infinera Kick Off Fiber-Optic Earnings Season (Investor's Business Daily)

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

Stifel Nicolaus noted, "We anticipate 2013 will represent an improving optical communication industry environment relative to 2012 with the expectation: (1) carrier spending trends are poised for improvement (AT&T announcement, Sprint/Softbank, etc.), (2) the ecosystem for 100G is dramatically improved y/y given pricing pressure in 2012, merchant DSP and module vendors have qualified products, and major service providers (VZ and AT&T) discussing 100G deployments in the metro, and (3) investor expectations are low while sell side estimates have been significantly reduced, potentially primed for positive revisions through 2013 relative to material cuts through 2012."

Finisar closed at $16.37 on Friday.

Latest Ratings for FNSR

Oct 2016Goldman SachsUpgradesNeutralBuy
Sep 2016William BlairUpgradesMarket PerformOutperform
Sep 2016MKM PartnersUpgradesNeutralBuy

View More Analyst Ratings for FNSR
View the Latest Analyst Ratings

Posted-In: Stifel NicolausAnalyst Color Price Target Intraday Update Analyst Ratings


Related Articles (FNSR)

View Comments and Join the Discussion!