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Technology Stocks : Finisar - FNSR

FNSR 23.77

0.0%

Sep 24 5:00 PM EST

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To: w0z who wrote (447)	12/11/2015 10:01:11 AM
From: Kirk ©	of 509

Finisar Surges 14%: FYQ2 Beats on 100-Gig Buildouts; Q3 View Light By Tiernan Ray Shares of fiber optics component vendor Finisar ( FNSR) are up $1.51, or 13%, at $13.15, in late trading, after the company this afternoon reported fiscal Q2 revenue and profit that topped analysts’ expectations, driven by the increasing roll outs of the fastest new technology for networks in data centers, though it forecast results this quarter below consensus. Revenue in the three months ended in October rose 8%, year over year, to $321 million, yielding EPS of 25 cents. Analysts had been modeling $314 million and 23 cents a share. CEO Jerry Rawls said the rise in revenue was “primarily driven by growth in 100 gigabit Ethernet transceivers and 10 gigabit tunable transceivers and wavelength selective switches for telecom WDM applications.” For the current quarter, the company sees revenue in a range of $300 million to $320 million, and EPS in a range of 19 cents to 25 cents. That compares to consensus for $319 million and 24 cents. blogs.barrons.com

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