|Finisar reported conservative guidance. Does it affect the rest of the sector?|
Finisar shares plunged after the optical networking equipment maker posted mixed quarterly results and gave a below-consensus outlook.
The Sunnyvale, Calif.-based company reported earnings of 23 cents per share on revenues of $241.5 million.Alex Henderson of Miller Tabak said the quarter was good, but he was surprised by the guidance for the upcoming quarter. "The guidance was quite conservative, more so than we thought. The
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