Your email has been successfully added to our mailing list.

×
-0.00103447743449593 -0.000519812044199349 0.00256818029757958 0.000509518736393626 -0.00978378906953631 -0.0169891045336873 -0.0100411217646847 -0.0123571160210188
Stock impact report

Finisar, Ciena stocks fall on Morgan Stanley downgrades [MarketWatch]

FINISAR (FNSR) 
Last finisar earnings: 9/4 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.finisar.com
Company Research Source: MarketWatch
Finisar, Ciena stocks fall on Morgan Stanley downgrades Shares of Finisar Corp. FNSR, -1.42% and Ciena Corp. CIEN, -0.88% are down 4.2% and 2.8%, respectively, in premarket trading Thursday after Morgan Stanley analyst Meta Marshall downgraded the stocks to equal-weight from overweight. "Finisar and Ciena have closed the short-term valuation gaps that we believed existed," Marshall wrote. "While we think both stocks could continue to move toward our bull cases, we think those catalysts for further positive moves are in CY19, causing us to move to the sidelines for now." Marshall thinks that Finisar will need to first get its Sherman facility certified and turn its new data-communications product into a meaningful revenue driver in order for Morgan Stanley to have more confidence in the company's earnings power. Finisar shares are down 10.5% over the past 12 months, while Ciena shares are up 44%. The S&P 500 SPX, +0.53% is up 16% in that time. Have breaking news sent to your Show less Read more
Impact Snapshot
Event Time:
FNSR
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
Last price at news event
Since Event
Multi-day stock performance from the time of the news release
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
Last Price
VWAP
High:
Max Up
High:
Low:
Max Down
Low:
%
Post news range
%
Price change

Price Change Percentage


S&P 500
(SPX)

%

Volume ratio
%

Volume
Ticks

Avg transaction size

Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Opt-in for FNSR alerts
Opt-in for
FNSR alerts

from News Quantified
Opt-in for
FNSR alerts

from News Quantified