iPhone Speculation Helps Finisar Stock, but There's Competition
Shares of Finisar (NASDAQ: FNSR) took a beating in March after the company's third-quarter financial performance wasn't good enough to match Wall Street's expectations. In fact, the fiber-optic components supplier has failed to meet analysts' estimates over the last two quarters despite reporting impressive year-over-year growth in its revenue and earnings.
When Finisar reported fiscal fourth-quarter results last month, its revenue missed analyst expectations by a whisker, while the midpoints of its revenue and earnings guidance for Q1 were way below expectations. Still, Finisar shares soared as investors latched onto a potential design win from Apple (NASDAQ: AAPL) for the next iPhone.
Image source: Finisar.
Source: Fool.com
Apple Inc. Stock
€198.10
1.440%
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