AT&T reported earnings. Since that time, analysts have
increased estimates helping push FNSR to a Zacks Rank #1 (Strong Buy).Nearly
the entire fiber optic industry had a dimmer switched lowered on their stock
prices on October 24. AT&T reported earnings and after increasing CapEx
spending in the third quarter, analysts questioned if that rate would continue.
Reports that the telecom giant would not spend as much sent
its smaller suppliers tumbling lower. Of course this needs to be put into
perspective, which is what analysts have done in recent weeks, but investors
might have missed.
Finisar makes optical subsystems and components for data
communication and telecommunication applications. Read more.
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