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Barrington Initiates Coverage On Finisar, Sees Growth Drivers

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Raymond James Downgrades Finisar To Outperform

In a research note released Friday, Barrington Research analyst Ted Moreau Initiated coverage on Finisar Corporation (NASDAQ: FNSR) with a Market Perform rating.

The analyst said that Finisar's opportunity to supply fiber optic components to the Telecom and Datacom industry could be a huge growth driver.

Finisar has had a problem with gross margins, but it is addressing those issues. In addition, the company believes they can return margins to the mid-30's area.

For full-year 2015, the analyst is estimating sales growth of 18 percent to $1.36 billion and earnings per share of $1.50 compared with sales of $1.16 billion and earnings per share of $1.53 in 2014.

Shares of the company are up 0.50 percent on Friday.

Latest Ratings for FNSR

DateFirmActionFromTo
Jun 2015Raymond JamesDowngradesStrong BuyOutperform
Jun 2015B RileyMaintainsBuy
Jun 2015Raymond JamesMaintainsStrong Buy

View More Analyst Ratings for FNSR
View the Latest Analyst Ratings

Posted-In: Barrington Ted MoreauAnalyst Color Initiation Analyst Ratings

 

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