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Fly News Breaks for June 17, 2016
FNSR, OCLR
Jun 17, 2016 | 07:56 EDT
After Finisar (FNSR) reported better than expected results, Stifel thinks the news should ease investors' worries about the optical communications sector. The firm notes that a number of factors, including inventory builds in China and aggressive competition in hyperscale, had caused investors to become worried about companies in the sector. Stifel says the fact that Finisar is seeing strong demand for a number of its products is good news for Oclaro. The firm adds that Oclaro is benefiting from strong demand for its products in China, and it recommends aggressively buying the company's shares.
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