Finisar Corporation (FNSR) Buy Into The Print - Needham & Company

Finisar (NASDAQ: FNSR) is set to report on June 16th after the close. Needham & Company analyst, Alex Henderson, expects a "Beat and Raise" and recommends buying shares into the print. Stronger results in Telecom and accelerating demand in Data Comm should set up a stronger than forecast April quarter. Moreover, the strengthening demand into the back half and the massive shift to 25G / 100G architectures should drive growth rates in CY2H.

FNSR is not the analyst's top pick in the space but he thinks it will provide constructive results for FNSR and the rest of the optical component names. No change to Buy rating or $22 PT.

For an analyst ratings summary and ratings history on Finisar click here. For more ratings news on Finisar click here.

Shares of Finisar closed at $16.83 yesterday.

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