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Citi Updates 6/16
Thursday, June 16, 2011 - 7:02am | 742Read More...Citi made a number of updates in a research report published today. Solar Capital (NASDAQ: SLRC) has been downgraded from Hold to Buy. At the same time, Citi reduced its price target on the companies stock from $28 to $26. In the report, Citi states, "We are downgrading the shares of SLRC to a...
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UPDATE: Citi Color on Finisar PT Decrease
Thursday, June 16, 2011 - 6:47am | 165Read More...Citi, which lowered its PT on shares of Finisar Corp. (NASDAQ: FNSR), is providing some color on the stock. “Despite 16% after-hours downdraft that put FNSR shares 68% below mid-Feb 52 week high, we maintain our Hold/Speculative rating on FNSR,” Citi writes. “Our Street low FY12 (Apr 12) estimate...
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Citi Maintains Hold on Finisar
Friday, June 3, 2011 - 6:42am | 106Read More...Citi is out with its report today on Finisar (NASDAQ: FNSR), maintaining Hold. In a note to clients, Citi writes, "Maintain Hold/Spec. & wait for lower stock price level or expectations reset before considering being more constructive. Ciena remains our top pick for the cycle, and we continue...
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Piper Jaffray Reiterates OW Rating, $37 PT On FNSR
Wednesday, April 6, 2011 - 6:26am | 165Read More...Piper Jaffray is reiterating its Overweight rating and $37 PT on shares of Finisar Corp. (NASDAQ: FNSR). “Investor concerns regarding double ordering and inventory build ups turned out to be true and the optical component industry will likely need a little time to burn off the excess inventory in...
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Piper Jaffray Raises Finisar PT From $26 To $32
Monday, December 13, 2010 - 9:10am | 123Read More...Piper Jaffray touched base with a variety of contacts in the Optical sector and said that it feels incrementally more confident regarding near-term demand and longer-term growth opportunities. “We believe the favorable bandwidth drivers which consume increasingly more optical components will...
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Finisar Reports Strong FQ2:11 Results (FNSR)
Thursday, December 2, 2010 - 8:08am | 99Read More...Jefferies has published its research report on Finisar (NASDAQ: FNSR) after FNSR posted a strong F2Q:11. In a note to clients, Jefferies writes, "FNSR reported $240.9M rev, up 16% seq. and in-line with our est. ROADM rev grew 27% seq. to $38.8M. LAN/SAN grew 22% seq. to $96.2M, driven by strong...
