Optical networking outfit Finisar
What management did tell us wasn't that great, either. $108.2 million of revenues was lower than expected, though it did fall within the guidance range of $106 million to $112 million. Finisar's cash balance increased $7.6 million sequentially to $130 million.
But the Motley Fool CAPS community is keeping the faith. It's still a five-star stock with a solid following, including several all-star players who rated the stock "outperform" after that non-report and the resulting price drop. Here's what Ganndalf has to say about the company:
[Finisar and Avanex
(NASDAQ:AVNX)] are among the Red Guard of the Tech Bubble. Avanex, for example, is now at about $2 per share -- to think you could have bought it at over $300 per share in its days of short-lived glory. Finisar is similar. That said, Finisar's valuation NOW seems pretty fair. Their revenue growth is looking pretty good. The analyst estimate at Yahoo! is for about 20% growth per year over the next five years. They are one of the first optical equipment companies to break into profitability after a long trek through the desert.
Indeed, the likes of JDS Uniphase
I'm inclined to think of this drop as a buying opportunity, but the options fiasco makes me feel queasy about buying the stock. After all, we don't know what the balance sheets or income statements will look like after the review -- even the ones we thought we could rely on from years past. Hurry it up, guys -- these Fools need some numbers.
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Fool contributor Anders Bylund holds no position in any of the companies discussed here; you can even check out Anders' holdings , if you like. Yahoo is a Motley Fool Stock Advisor selection. Foolishdisclosureis always worth a read.