Saturday, June 10, 2006

Finisar Gets Slammed

Finisar fell around 30% after releasing earnings this week. Estimates were in line with expectations, but investors were expecting a blowout quarter and shares were pummeled. I still believe the company is a good investment for the long term as mobile operators build out their network with 10-Gbit and Metro products. I see a good buying op if the shares dip below $3 in the coming weeks.

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