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Fly News Breaks for February 17, 2017
FNSR
Feb 17, 2017 | 09:25 EDT
Craig-Hallum analyst Richard Shannon said his latest checks indicate that Finisar's LR4 modules have been disqualified at "multiple OEM/cloud customers," making him change his view that the company would likely report upside to its January and April-end quarterly results. He believes it may take one to two quarters to requalify the module and now suspects Finisar's upcoming guidance could be "somewhat soft," he tells investors. He keeps a Buy rating on the shares, citing longer-term positioning in multiple growth markets, but is cautious going into the company's report due on March 9.
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