Seeking Alpha

Finisar raises FQ1 guidance, shares halted

  • Finisar (FNSR) expects FQ1 (July quarter) revenue of $266M and EPS of $0.30-$0.31, above guidance of $245M-$260M and $0.22-$0.26, and a consensus of $253.6M and $0.24.
  • The optical component vendor mostly attributes its performance to "increased sales of 10G, 40G and 100G Ethernet transceivers for datacom applications." Demand for 10G data center hardware and 100G carrier optical networking gear has been growing rapidly. Telecom sales rose by $2M Q/Q.
  • Though Finisar is halted, other industry names are up in AH trading. JDSU +4.4%. CIEN +2.8%. Other names that might rally in sympathy: INFN, NPTN, AFOP, OPLK, OCLR.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)