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Stock Market & Financial Investment News

News Breaks
June 13, 2014
08:06 EDTFNSRFinisar downgraded to Hold from Buy at Craig-Hallum
News For FNSR From The Last 14 Days
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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
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10:02 EDTFNSROn The Fly: Analyst Downgrade Summary
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07:57 EDTFNSRFinisar downgraded to Hold from Buy at Jefferies
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05:37 EDTFNSRFinisar downgraded to Hold from Buy at Jefferies
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August 25, 2014
06:24 EDTFNSRFinisar September volatility elevated into Q1 and outlook
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