Sell: Finisar (FNSR)
From Upside
Updated from WSBI 791, March 15, 2017
Finisar (FNSR) was dropped from coverage, largely because of its deteriorating profit outlook. Analysts have lowered estimates for 2017 and next year, helping push the earnings estimates score down to 35. The stock seems cheap and sports a Value score of 86. But considering Finisar’s underwhelming outlook and volatile stock-price action, the prudent move was to sell the stock. Finisar was first recommended at $29.84 in February and upgraded to Best Buy at $34.78 later that month.
Richard J. Moroney, CFA, Upside, www.upsidestocks.com, 800-233-5922, September 2017