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Jefferies Reiterates Underperform on Finisar Corporation Following Cisco Tech Launch

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Top 4 NASDAQ Stocks In The Networking & Communication Devices Industry With The Highest Profit Margin
Earnings Scheduled For December 4, 2014

In a report published Monday, Jefferies analyst James Kisner reiterated an Underperform rating and $7.50 price target on Finisar Corporation (NASDAQ: FNSR).

In the report, Kisner noted, “Cisco formally launched their first line card leveraging silicon photonics technology from the Lightwire acquisition. We view this as incrementally negative for Finisar's Datacom business given that this announcement comes earlier than expected, and Cisco's use of CPAK modules appears broader than expected.”

Finisar Corporation closed on Friday at $14.64.

Latest Ratings for FNSR

DateFirmActionFromTo
Dec 2014BarclaysMaintainsOverweight
Nov 2014JefferiesMaintainsHold
Sep 2014Stifel NicolausDowngradesBuyHold

View More Analyst Ratings for FNSR
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Posted-In: JefferiesAnalyst Color Reiteration Analyst Ratings

 

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