Finisar (FNSR) PT, Estimates Raised at Piper Jaffray Following Solid Q4
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Finisar Announces Fourth Fiscal Quarter and Full Year 2016 Financial Results
June 16, 2016 4:00 PM EDTSUNNYVALE, CA -- (Marketwired) -- 06/16/16 --
Finisar Corporation (NASDAQ: FNSR), a global technology leader for subsystems and components for fiber optic communications, today announced financial results for its fourth quarter and full fiscal year 2016, ended May 1, 2016.
COMMENTARY
"Revenues for our fourth fiscal quarter were $318.8 million, an increase of $9.6 million, or 3.1% compared to the prior quarter, primarily driven by growth in demand for 40G and 100G transceivers for datacom applications including CFP, CFP2, CFP4, QSFP and QSFP28 form factors. Better than expected gross... More
