Finisar Corporation (FNSR)

[mlkrborn]

FNSR down to $14,00s 52 weeks low level..
By Rex Crum, MarketWatch
SAN FRANCISCO (MarketWatch) — Optical-networking companies, which are typically among the most-volatile in all of the tech sector, found themselves facing the ire of investors Thursday following a disappointing earnings report and quarterly outlook from Finisar Corp.

Finisar FNSR -16.81% shares fell $3.48, or almost 20%, to $14.33 after the company said late Wednesday that it earned $16.4 million, or 17 cents a share, on revenue of $236.9 million. Excluding one-time items, Finisar would have earned 33 cents a share, to meet the estimates of analysts surveyed by FactSet Research.

FNSR 14.75, -2.98, -16.81%

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However, analysts had also forecast Finisar to post sales of $242.8 million. And for its current, fiscal first quarter, Finisar said it expects to earn between 16 cents and 20 cents a share, on revenue of $221 million to $236 million, far below analysts’