Market Overview

Piper Jaffray Reiterates Overweight Rating on Finisar Following Recent Earnings/Mixed Results

Share:
Related FNSR
22 Stocks Which Rallied Four Days, Then Sold Off On Friday
12 Stocks Which Rallied Three Days
Acacia Communications Ups Guidance, But Tumbles On Stock Offering (Investor's Business Daily)

In a report published Friday, Piper Jaffray analyst Troy D. Jensen reiterated an Overweight rating and $26.00 price target on Finisar (NASDAQ: FNSR).

In the report, Piper Jaffray noted, “We rate Finisar with an Overweight rating and $26 price target. Our $26 price equates to 18x our CY14 operating income assumption plus cash. We believe an 18x multiple is appropriate given our belief in at least 18% operating income growth over the next 3-5 years. Risks to our price target include slower top-line growth, rising competition, ASP erosion, customer concentration and global CapEx slowdown.”

Finisar closed on Thursday at $20.50.

Latest Ratings for FNSR

DateFirmActionFromTo
Sep 2016JefferiesMaintainsHold
Sep 2016Goldman SachsMaintainsNeutral
Sep 2016BarclaysMaintainsEqual-weight

View More Analyst Ratings for FNSR
View the Latest Analyst Ratings

Posted-In: Piper Jaffray Troy D. JensenAnalyst Color Reiteration Analyst Ratings

 

Related Articles (FNSR)

View Comments and Join the Discussion!