$FNSR – BUY Finisar Now or Forever Live In Regret

Finisar Corp. (FNSR) is a stock that I haven’t traded in a long time. Today FNSR was upgraded to Hold from Underperform at Jefferies. From a POV of a purely Technical Trade, FNSR certainly looks very compelling, with an approx. 17% UPSIDE from its current price level.

For all those who don’t know WTF Finisar Corp. (FNSR) does, here is a brief company profile for FNSR:

Finisar Corporation provides optical subsystems and components for data communication and telecommunication applications in the United States, Malaysia, China, and internationally. The company’s optical subsystems primarily consist of transmitters, receivers, transceivers, transponders, and active optical cables that provide optical-electrical or optoelectronic interface for interconnecting the electronic equipment used in building communication networks, including the switches, routers, and servers used in wireline networks, as well as the antennas and base stations for wireless networks. It also offers wavelength selective switches that are used to dynamically switch network traffic from one optical fiber to multiple other fibers without converting the optical signal to an electronic signal. The company’s optical components primarily consist of packaged lasers and photo detectors for data communication and telecommunication applications; and passive optical components for telecommunication applications. It markets its optical products through its direct sales force, as well as through a network of distributors, manufacturers’ representatives, and manufacturers of storage systems, networking equipment, and telecommunication equipment. Finisar Corporation was founded in 1987 and is headquartered in Sunnyvale, California.

Note: FNSR is a volatile stock, so beware of the wild swings.

Here is a Daily chart of FNSR:

FNSR - Daily Chart
FNSR – Daily Chart

Recommendation: BUY

Price Target: $28.50

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