Finisar (FNSR) -2.5% premarket after Jefferies lowers shares to Hold from Buy with a $22 price...

|About: Finisar Corporation (FNSR)|By:, SA News Editor

Finisar (FNSR) -2.5% premarket after Jefferies lowers shares to Hold from Buy with a $22 price target, down from $24, citing potential risks posed by Cisco's (CSCO) recent acquisition of Lightwire, which could impact one of FNSR's fastest growing revenue streams. The firm suggests investors rotate into JDS Uniphase (JDSU) "given its relatively greater exposure to rebounding service provider capex."