Market Overview

UPDATE: Jefferies Downgrades Finisar to Hold


According to Jefferies, Finisar (NASDAQ: FNSR) is downgraded to Hold.

Jefferies said that its checks suggest that investors may currently underestimate the potential risks posed by the recently announced acquisition of Lightwire by Cisco. “We're now looking for full-year FY13 revenue and EPS of $1.18 billion and $1.45. We're also rolling out FY14 numbers. We're now modeling FY14 revenue and EPS of $1.26 billion and $1.55.”

Finisar closed yesterday at $23.02.

Posted-In: JefferiesAnalyst Color Downgrades Price Target Analyst Ratings


Related Articles (FNSR)

View Comments and Join the Discussion!

Latest Ratings

HSKACanaccord GenuityMaintains75.0
AVGOMorgan StanleyMaintains265.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at

Whirlpool Corporation to Present at Three Investor Conferences; Reaffirming Full-Year 2012 Outlook

UPDATE: Auriga Raises PT to $57 on JAZZ Pharmaceuticals