NEW YORK (TheStreet) -- Shares of Finisar (FNSR) stock are up today by $1.27, or 4.75%. The company, a provider of optical subsystems and components that are used in data communication and telecommunication application, is benefiting from a Stifel upgrade of Infinera (INFN) to Buy from Hold. In a report published yesterday, Stifel analyst Sanjiv Wadhwani upgraded the rating on Infinera. Wadhwani believes demand for 100G systems "is now on a much more global scale versus a year ago," with activity having picked up in Europe and parts of Asia. Finisar also has 100G exposure.
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TheStreet Ratings team rates FINISAR CORP as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate FINISAR CORP (FNSR) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, reasonable valuation levels and compelling growth in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results."
Highlights from the analysis by TheStreet Ratings Team goes as follows: