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Technology Stocks : Finisar - FNSR -- Ignore unavailable to you. Want to Upgrade?

To: w0z who wrote (491)	1/16/2018 10:06:09 AM
From: Kirk ©	Read Replies (1) \| Respond to of 509

Finisar stock falls after Goldman Sachs downgrades to sell marketwatch.com Shares of Finisar Corp. FNSR, -5.15% fell 3.7% in premarket trading Tuesday after analysts at Goldman Sachs downgraded its stock to sell. The analysts, led by Doug Clark, see a "combination of cyclical risks and company specific product exposures that could pressure revenues and margins." While he contends that the company's relationship with Apple Inc. AAPL, +1.01% seems promising, he believes investors are downplaying potential execution risks for the company. In addition, he points to "rising capacity and weaker demand" for optical components, which is causing oversupply in the market. "We believe Finisar could be most at risk given its vertical integration," Clark wrote. Finisar's stock has gained 12% so far in 2018, while the S&P 500 Index SPX, +0.65% is up 4.2%.