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The Company is a provider of optical subsystems and components and network performance test and monitoring systems.
An upthumb on Finisar Corp on technicals, fundamentals and valuation. It's rare to find this combination. The difficulties in Europe could depress this one further if company's really stop buying, but overall Finisar should be able to weather this. Margins are choppy and share price is even choppier, but cash exceeds debt by 5X. A tough quarter might break this below the $12 resistance level, but I doubt it. The chart on this one looks like like it could make a seasoned sailor green. It's clearly in a trough and riding strong and eventually higher. Not sure it's a long term hold if it cycles back up, it needs to hold and pull market share and get the margins more stable, but I'll determine that when the wave catches it.
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