NEW YORK ( TheStreet) -- In July, shortly after Finisar (FNSR - Get Report) posted an unassuming fourth quarter report that capped a feeble fiscal year, I wasn't sure if it was the right time to buy the stock. Finisar's earnings results failed to spur my buying decision, though the better-than-expected numbers from Ciena (CIEN) were hard to ignore. Factoring the positive words from Cisco's (CSCO) CEO John Chambers, who hinted at a broad recovery in carrier spending, shares of Finisar immediately appeared undervalued.
Finisar: Not Buying the Bulls
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