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Finisar Corp. Message Board

  • fnsrmsft fnsrmsft Jul 26, 2011 8:03 PM Flag

    After jnpr earnings...

    I hope we can hold $20.

    Maybe the clowns running the country can pass something that will give the market a boost this week.

    Time will tell, but until then...
    Enjoy the ride...

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    • Uh, sir,

      JNPR is down about 20% on weak earnings.
      RVBD was down 20% a few days ago on weak earnings.
      JDSU weak.
      CSCO weak.

      This is not a case of FNSR taking market share from any other networking company. The entire sector is weak because demand is weak. You really have to be stupid to buy this stock at 20 just because Citi raised their rating on the stock. Give them a few weeks and they'll lower their rating. By then the stock should be in the 16 to 17 area and the downgrade will sink it to the low teens. FNSR itself lowered guidance on 6/15. Here's a refresher in case you forgot.

      For Q1, the company is guiding for revenue in the range of $221 to $236 mln and EPS of about $0.16 to $0.20 per share. The Street is at $252 mln in revenue and earnings of $0.36 per share.


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