Piper Jaffray Gives Overweight Rating to Finisar (FNSR)

By admin | 6 years ago

Finisar (NASDAQ: FNSR)‘s stock had its “overweight” rating reaffirmed by Piper Jaffray (NYSE: PJC) in a research note issued on Wednesday.

A number of other firms have also recently commented on FNSR. Analysts at Stifel Nicolaus cut their price target on shares of Finisar to $22.00 in a research note to investors on Monday, May 14th. Separately, analysts at Raymond James (NYSE: RJF) initiated coverage on shares of Finisar in a research note to investors on Wednesday, April 11st. They set an “outperform” rating on the stock. Finally, analysts at MKM Partners initiated coverage on shares of Finisar in a research note to investors on Wednesday, March 28th. They set a “buy” rating and a $24.00 price target on the stock.

Finisar traded down 2.18% on Wednesday, hitting $13.88. Finisar has a 1-year low of $12.26 and a 1-year high of $23.50. The company has a market cap of $1.267 billion and a price-to-earnings ratio of 31.96.

Finisar Corporation (Finisar) is a provider of optical subsystems and components that interconnect equipment in short-distance local area networks (LANs), storage area networks (SANs), longer distance metropolitan area networks (MANs), fiber-to-the-home networks (FTTx), cable television networks (CATV) and wide area networks (WANs).

About the author