UPDATE ON FINISAR, THE COMPONENT SUPPLIER FOR APPLE FACE RECOGNITION $FNSR $AAPL $LITE $OCLR
This post was just published on ZYX Buy Change Alert. Finisar (FNSR) stock is moving up today. The reason for the up move is a buyout in the optical space. LITE is buying OCLR. We have previously expressed concern about FNSR’s legacy business. Consolidation in the space should marginally help the legacy business. Of course the main reason to continue to hold is FNSR’s relationship with AAPL for providing face recognition components for iPhones. If face recognition becomes popular, this will be a plus for FNSR. On Friday FNSR stock fell over $2 on reports that earnings were less than the consensus and the whisper numbers. This