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Actionable news in FNSR: Finisar Corporation,

Finisar, Applied Opto Join Davidson’s Fiber-Optic Pantheon

D.A. Davidson’s Mark Kelleher late yesterday initiated coverage of three more fiber-optic component names, Applied Optoelectronics (AAOI), Finisar (FNSR), and NeoPhotonics (NPTN), starting the former two at a Buy and the last one at Neutral.

This follows initiations last week by Kelleher of Lumentum Holdings (LITE), Acacia Communications (ACIA), and Oclaro (OCLR), all of which were initiated with a Buy.

Amon Finisar’s charms, it is in the pole position to provide laser diodes for so-called 3-D sensing for Apple’s (AAPL) iPhone and for other smartphones:

Finisar’s long history as a leading supplier of lasers puts it in a strong position to address the market for 3D sensing applications. Autonomous vehicles and consumer electronics are two obvious 3D sensing markets that will require sophisticated arrays of lasers to function. We believe FNSR is in advanced discussions with a number of possible consumer...