Finisar (FNSR) PT Lowered to $20 at B.Riley/FBR
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Finisar Announces Second Quarter Fiscal 2018 Financial Results
December 7, 2017 4:01 PM ESTSUNNYVALE, Calif., Dec. 07, 2017 (GLOBE NEWSWIRE) -- Finisar Corporation (NASDAQ: FNSR), a global technology leader for subsystems and components for fiber optic communications, today announced financial results for its second fiscal quarter, ended October 29, 2017.Â
COMMENTARY
We experienced strong demand in our second fiscal quarter for our 100G QSFP28 transceivers for datacenters, said Jerry Rawls, Finisars Chief Executive Officer. However, our overall revenues for the second fiscal quarter were $332.2 million, a decrease of $9.6 million, or 2.8%, compared to the first quarter of fiscal 2018. This decline was primarily due to lower... More
