Finisar has positive read through from Avago results, says Stifel Stifel believes that Avago's (AVGO) positive commentary on its wired infrastructure segment bodes well for fFnisar's (FNSR) datacom segment. The firm thinks Avago's results will reduce fears that Finisar's April quarter outlook could be weak. It keeps a Buy rating on Finisar.
Avago price target raised to $109 from $99 at RBC Capital RBC Capital increased its price target on Avago (AVGO) based on strong sales of Apple's (AAPL) iPhone. The firm also notes that three other RF-based semiconductor companies recently reported strong results. The firm keeps an Outperform rating on Avago.