Finisar's Down Day
No time to do a full update, but you'll recall Finisar got troubled by "turbulence" -- their word -- in the July quarter, too. (See Finisar Falls on Q1 'Turbulence'.) This time, the company got more specific, putting some of the blame on flattened 10- and 40-Gbit/s sales.
Analyst John Harmon of Needham describes the problems as "one-time items" and says "nothing has fundamentally changed the story."
Predictably, Finisar's stock is getting punished today, down 29 cents (12.6%) at $2.01.
— Craig Matsumoto, West Coast Editor, Light Reading