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Finisar -7.4%; Craig-Hallum notes disqualification of LR4 modules among several customers

Feb. 17, 2017 11:12 AM ETFinisar Corporation (FNSR) StockFNSRBy: Eric McCaffrey, SA News Editor
  • Citing failed interoperability at some OEM and cloud customers, analyst Richard Shannon suggests one to two quarters may be required to again qualify the module, and combined with tight capacity, considers upside unlikely for Finisar's January and April quarters.
  • Retains Buy rating, $46 price target.
  • Finisar (NASDAQ:FNSR) $32.20.

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