Finisar (FNSR) PT Raised to $20 at Piper Jaffray

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Go back to Finisar (FNSR) PT Raised to $20 at Piper Jaffray

Finisar Announces Third Fiscal Quarter 2016 Financial Results

March 10, 2016 4:00 PM EST

SUNNYVALE, CA -- (Marketwired) -- 03/10/16 --

Finisar Corporation (NASDAQ: FNSR), a global technology leader for subsystems and components for fiber optic communications, today announced financial results for its third quarter of fiscal 2016, ended January 31, 2016. 

COMMENTARY

"Revenues for our third fiscal quarter were $309.2 million, approximately in line with the midpoint of our prior guidance range for the quarter of $300 to $320 million. Better than expected gross margins, due to favorable product mix, as well as lower than expected operating and other expenses, resulted... More