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Finisar Corp. Message Board

  • frankly_buying frankly_buying Apr 1, 2011 10:18 AM Flag

    Inventory Correction Quickly...Investopedia Article

    FNSR invnntory overraction by the market is likely to be short-lived and corrected quickly.

    Outtake from article:

    Finisar Over-Reaction
    In one of the more dramatic one-day meltdowns we've seen this year, Finisar Corp. (Nasdaq:FNSR) plunged 38% on news that the current quarter's earnings would be about 30% shy of estimates because of slowing demand in China. Fair enough. As Credit Suisse's William Stein points out though, the soft patch is likely to be short-lived - bandwidth is still in short order, and should still drive customers to the company's optical connectivity hardware.

18.76+0.07(+0.37%)Jul 29 4:00 PMEDT