Seeking Alpha

Finisar (FNSR +3.2%) opens with a solid gain after Needham upgrades shares to Buy and sets an...

Finisar (FNSR +3.2%) opens with a solid gain after Needham upgrades shares to Buy and sets an $18 PT. The firm cites improved 2013 service provider capex following a rough 2012; improving demand for Finisar's ROADM line cards and LcOS optical switches, and continued sell-outs for its high-end 40G/100G optical transceivers. Rivals are also doing well today: OCLR +1.6%. JDSU +2.2%. OPLK +2.8%. So is equipment vendor Ciena (CIEN +2.7%), which has strong 40G/100G exposure.
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