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.
This post was just published on ZYX Buy Change Alert. Here is the relevant information about FNSR that you need to know. AAPL has made a large commitment to FNSR. This is a positive for the future. However, there is no immediate benefit to FNSR because the plan is for AAPL to buy more components from
Image via Wikipedia We have been negative on optical stocks led by JDS Uniphase (JDSU), Finsar (FNSR) and Ciena (CIEN) for two reasons: Irrational exuberance Stock prices far ahead of the fundamentals Now we have the following two fundamental pieces of data that the optical business is nowhere near as