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Stock Market & Financial Investment News

News Breaks
January 31, 2013
09:38 EDTFNSRFinisar gaps up, levels to watch
The stock is up over 7.9%, gapping up above resistance at its 10-day moving average, last at $14.39 and now support. At the current price of $15.31, next resistance is at $15.63. Support is at $14.85.
News For FNSR From The Last 14 Days
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May 8, 2013
11:44 EDTFNSRFinisar is shipping volume to Arista, says Needham
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09:09 EDTFNSRFinisar not primary source for Arista's 100G Optics, says Jefferies
Jefferies says its channel checks indicate that contrary to recent reports, Avago (AVGO), not Finisar (FNSR), is the current primary source for the board mounted optics used in Arista's new 7500E switch. Further, Jefferies' channel checks indicate steep price erosion at 100G. The firm reiterates an Underperform rating on shares of Finisar with a $7.50 price target.

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