Barrington Initiates Coverage On Finisar, Sees Growth Drivers

In a research note released Friday, Barrington Research analyst Ted Moreau Initiated coverage on Finisar Corporation (NASDAQ: FNSR) with a Market Perform rating.

The analyst said that Finisar's opportunity to supply fiber optic components to the Telecom and Datacom industry could be a huge growth driver.

Finisar has had a problem with gross margins, but it is addressing those issues. In addition, the company believes they can return margins to the mid-30's area.

For full-year 2015, the analyst is estimating sales growth of 18 percent to $1.36 billion and earnings per share of $1.50 compared with sales of $1.16 billion and earnings per share of $1.53 in 2014.

Shares of the company are up 0.50 percent on Friday.