Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Markets & Finance

CIBC World Snips Finisar Estimates

CIBC World cut estimates on Finisar Corp. (FNSR).

Analyst James Jungjohann says the fiber optics firm's shortfall is primarily due to the rescheduling of existing orders by storage-area networking customers. He cut the $0.04 Q4 EPS estimate to breakeven.

Jungjohann continues to like Finisar's long-term market position with its reduced exposure to long-haul end markets and its focused approach toward the storage, telecom and datacom markets. He rates the shares a buy, and notes that he'd be an aggressive buyer near $8. He has a $23 price target.

blog comments powered by Disqus