Piper Jaffray Reiterates Overweight Rating on Finisar Following Recent Earnings/Mixed Results
August 16, 2013 at 08:48 AM EDT
In a report published Friday, Piper Jaffray analyst Troy D. Jensen reiterated an Overweight rating and $26.00 price target on Finisar (NASDAQ: FNSR ). In the report, Piper Jaffray noted, “We rate Finisar with an Overweight rating and $26 price target. Our $26 price equates to 18x our CY14 operating income