Needham & Company Reiterated Buy on Finisar (FNSR) Despite Soft Guide
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Finisar Corporation Appoints Michael L. Dreyer as New Director
December 10, 2015 6:22 PM ESTSUNNYVALE, CA -- (Marketwired) -- 12/10/15 -- Finisar Corporation (NASDAQ: FNSR), a global technology leader for fiber optic subsystems and components, today announced that the Board of Directors has appointed Michael L. Dreyer to fill an existing vacancy on the Board. Finisar's Board currently consists of six directors who are elected to staggered three-year terms. Mr. Dreyer will serve as a Class III director until the annual meeting of stockholders in 2017.
Mr. Dreyer is currently the Chief Operations Officer of Silicon Valley Bank and is responsible for bank and non-bank operations worldwide. Mr. Dreyer oversees SVB's... More
Finisar Announces Second Fiscal Quarter 2016 Financial Results
December 10, 2015 4:00 PM ESTSUNNYVALE, CA -- (Marketwired) -- 12/10/15 --
Finisar Corporation (NASDAQ: FNSR), a global technology leader for subsystems and components for fiber optic communications, today announced financial results for its second quarter of fiscal 2016, ended November 1, 2015.
COMMENTARY
"Revenues for our second fiscal quarter were $321.1 million compared to $314.0 million in the prior quarter; an increase of approximately 2.3%. This increase was primarily driven by growth in 100 gigabit Ethernet transceivers and 10 gigabit tunable transceivers and wavelength selective switches for telecom WDM applications," said Jerry Rawls, Finisar's Chief Executive Officer.
FINANCIAL HIGHLIGHTS - Second Quarter Ended November 1, 2015 Summary GAAP Results Second First Quarter Quarter... More