New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 3, 2014
06:33 EDTFNSRFinisar upgraded to Strong Buy from Outperform at Raymond James
Raymond James upgraded Finisar based on Datacom growth from strong copper to optical migration, Web 2.0 drivers, healthy datacenter capex, and improved Telecom spending in Asia. Price target is $29.
News For FNSR From The Last 14 Days
Check below for free stories on FNSR the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent FNSR news | >>
September 5, 2014
10:05 EDTFNSROn The Fly: Analyst Downgrade Summary
Subscribe for More Information
09:16 EDTFNSROn The Fly: Pre-market Movers
Subscribe for More Information
08:48 EDTFNSRFinisar gross margins likely to rebound in FY16, says MKM Partners
Subscribe for More Information
08:10 EDTFNSRFinisar price target lowered to $16.50 from $19 at Jefferies
Jefferies lowered its price target for Finisar shares to $16.50, calling the company's Q2 sales and margin guidance "ugly." The firm says it remains concerned about pricing/technology risk and keeps a Hold rating on the stock.
07:16 EDTFNSRFinisar downgraded at Stifel
As noted earlier, Stifel downgraded Finisar to Hold from Buy. The firm believes that the company's guidance indicates that its challenges are intensifying.
07:09 EDTFNSRFinisar downgraded to Hold from Buy at Stifel
06:54 EDTFNSRFinisar bottom may be forming, says RBC Capital
After Finisar reported in-line Q1 revenue and slightly higher than expected EPS but provided lower than expected Q2 revenue guidance, RBC Capital thinks the stock may be forming a bottom as it approaches 2x tangible book value. The firm trimmed its price target on the stock to $19 from $21 but keeps an Outperform rating on the shares.
06:40 EDTFNSRFinisar downgraded to Buy from Strong Buy at Needham
Subscribe for More Information
06:39 EDTFNSRFinisar price target lowered to $25.50 from $30 at B. Riley
B. Riley lowered Finisar's price target to $25.50 citing the weak Q2 outlook. Shares remain Buy rated.
05:36 EDTFNSRFinisar sell-off brings attractive entry point, says Piper Jaffray
Subscribe for More Information
September 4, 2014
18:28 EDTFNSROn The Fly: After Hours Movers
Subscribe for More Information
16:04 EDTFNSRFinisar sees Q2 EPS 23c-27c, consensus 35c
Sees Q2 revenue $305M-$320M, consensus $337.5M.
16:02 EDTFNSRFinisar reports Q1 EPS 32c , consensus 32c
Subscribe for More Information
15:23 EDTFNSRNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Cooper Companies (COO), consensus $1.90; Esterline Technologies (ESL), consensus $1.40; Verint Systems (VRNT), consensus 60c; Finisar (FNSR), consensus 32c; Zumiez (ZUMZ), consensus 23c; SeaChange (SEAC), consensus (18c); Ambarella (AMBA), consensus 28c; Infoblox (BLOX), consensus 1c.
September 3, 2014
08:26 EDTFNSRFinisar weakness a buying opportunity, says Needham
Subscribe for More Information
September 2, 2014
13:04 EDTFNSRFinisar retreats after analyst cuts on pricing, demand worries
Shares of optical components maker Finisar (FNSR) are falling after research firm Jefferies downgraded the stock to Hold from Buy in a note to investors today, citing pricing and demand concerns. WHAT'S NEW: After conducting checks, Jefferies analyst James Kisner wrote that Finisar is facing "brutal" prices for datacom optics, particularly in China. Prices for telecom components in North America are also challenging for Finisar, he reported. Various low-cost competitors are driving down prices for datacom optics, while AT&T (T) is trying to force optical systems vendors to cut the prices of their components by 40%, Kisner stated. Meanwhile, demand for mobile backhaul optics slowed significantly in China over the last month, and two of Finisar's customers - Cisco (CSCO) and Huawei - are exploring alternatives to Finisar's products, Kisner indicated. Additionally, Intel (INTC) and numerous start-ups may launch products that will compete with those of Finisar, potentially cutting into its market share beginning in the second half of 2015, the analyst warned. He cut his price target on the shares to $19 from $25. PRICE ACTION: In early afternoon trading, Finisar slumped 5.5% to $19. Other optical components makers also dropped, with Oclaro (OCLR) falling 1% to $1.75 and JDS Uniphase (JDSU) losing 2% to $11.30.
11:47 EDTFNSRFinisar shares defended at Raymond James
Subscribe for More Information
10:02 EDTFNSROn The Fly: Analyst Downgrade Summary
Subscribe for More Information
07:57 EDTFNSRFinisar downgraded to Hold from Buy at Jefferies
Subscribe for More Information
05:37 EDTFNSRFinisar downgraded to Hold from Buy at Jefferies
Subscribe for More Information
1 | 2 | all recent FNSR news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use