Finisar- Upgrades & Downgrades

TheStreet Ratings released rating changes on 15 U.S. common stocks for December 1, 2010. Eleven stocks were upgraded and four stocks were downgraded by our stock model.
By Chris Stuart, CFA ,

NEW YORK (

TheStreet

) -TheStreet Ratings' stock model upgraded

Finisar Corp

(FNSR) - Get Report

to 'Buy' from 'Hold'. Revenues at this $1.7 billion market cap, fiber optic component maker rose 65% to $240.9 million in the fiscal second quarter as compared to the same quarter last year.

TheStreet Ratings released rating changes on 15 U.S. common stocks for December 1, 2010. In total, 11 stocks were upgraded and 4 stocks were downgraded by our stock model.

For the fiscal second quarter, Finisar reported net income of $33.8 million, a significant improvement over the loss of $31.5 million from a year ago. Learn more about Finisar Corp:

Company Profile

,

Income Statement

,

Balance Sheet

,

Stock Ratios

,

Analyst Ratings

.

$17.4 billion market cap, defense contractor,

Raytheon

(RTN) - Get Report

was upgraded to 'Buy' from 'Hold'. In third quarter results for Raytheon, gross revenue increased by 1% to $6.3 billion while the company's bottom line gained 49% to $728 million over the year earlier quarter. Learn more about Raytheon

Company Profile

,

Income Statement

,

Balance Sheet

,

Stock Ratios

,

Analyst Ratings

.

-- Reported by Chris Stuart in Boston, MA.

For additional

Investment Research

check out our Ratings Research Center.

Chris Stuart, CFA, equity research manager, joined TheStreet.com Ratings after working as a senior investment analyst with Merrill Lynch, covering Small Cap Equity and Alternative investment strategies. Prior to that, Chris gained analytical and investment experience, working for One Beacon Insurance as an Actuarial Analyst, and H&R Block as a Financial Advisor. He earned his Bachelor's degree in Finance from the University of Massachusetts Amherst. He holds a Chartered Financial Analyst (CFA) designation, and is a member of the Boston Security Analysts Society (BSAS) and the CFA Institute.

Loading ...