Shares of Finisar Respond to Piper Jaffray's PT Decrease

Shares of Finisar (NASDAQ: FNSR ) fell as much as 5.64% after Piper Jaffray analyst Troy Jensen lowered the price target from $34.00 to $30.00. Jensen noted that he is "increasingly cautious" heading into Finisar's earnings after their customer, Cisco Systems, reported "sharp declines" in switching and routing revenue. Cisco