Jefferies Raises Price Target on Finisar (FNSR) to $37 Following 2Q Beat and Raise
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Finisar Announces Record Second Fiscal Quarter Revenues and Profits
December 8, 2016 4:00 PM ESTSUNNYVALE, CA -- (Marketwired) -- 12/08/16 --
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 year 2017, ended October 30, 2016.
COMMENTARY
"I am pleased to announce that Finisar achieved all-time quarterly records for revenues and profits in our second quarter. Revenues were $369.9 million, an increase of $28.5 million, or 8.4% over the first quarter. This growth was primarily driven by strong demand for 100G transceivers. In addition, customer demand for... More
