|
Article Excerpt
M2 PRESSWIRE-1 June 2006-BUYINS.NET: Finisar Corp. (FNSR) SqueezeTrigger Price Is $3.32. Short Sellers Are Down Approximately $24 Million After Fiber Optics Looking Up.(C)1994-2006 M2 COMMUNICATIONS LTD
RDATE:01062006
www.buyins.net, announced today that the 17.44 million shares declared short on Finisar Corp. (NASDAQ: FNSR) have a SqueezeTrigger Price of $3.32 per share. Ciena Corp. posted better than expected earnings today which is bodes well for Finisar's Q4 results expected June 7th. CNBC Mad Money host, James Cramer, also said recently, "Finsiar is part of my fiber-optic complex that has pulled back so much. ... I think Finisar is done going down." Short sellers are down approximately $24 million as the stock is currently trading near $4.70. To access SqueezeTrigger Prices ahead of short squeezes beginning, visit http://www.buyins.net.
From January 2005 to April 2006, an aggregate amount of 569,792,012 shares of FNSR have been shorted for a total dollar value of $1.89 billion. The FNSR SqueezeTrigger price of $3.32 is the volume weighted average price that all shorts are short in shares of FNSR. Since crossing above the SqueezeTrigger Price, shares of FNSR are up nearly 41%. There is still approximately $82 million worth of potential short covering in shares of FNSR.
Finisar Corporation (NASDAQ: FNSR) engages in the design, manufacture, and marketing of fiber optic subsystems and components, and network performance test and monitoring systems. These products enable high-speed data communications over local area networks (LAN), storage area networks (SAN), and metropolitan area networks (MAN). The company's fiber optic subsystems and components consist of transmitters, receivers, and transceivers, which convert electrical signals...
|
|
More articles from M2 Presswire
The Pioneers of the STOCKUMENTARY, deliver the Movers and Shakers Blog..., June 01, 2006
Market Gainer Updates Shareholders Of Novell, Inc., June 01, 2006
Market Gainer Reports On M-Systems Flash Disk Pioneers Ltd., June 01, 2006
Market Gainer Updates Shareholders Of JDSU., June 01, 2006
Winternals Protection Manager Can Safeguard Windows Systems from Micro..., June 01, 2006
Looking for additional articles?
Search our database of over 3 million articles.
Looking for more in-depth information on this industry?
Search our complete database of Industry & Market reports by text, subject, publication
name or publication date.
About Goliath
Whether you're looking for sales prospects, competitive information, company
analysis or best practices in managing your organization,
Goliath can help you meet your business needs.
Our extensive business information databases empower business
professionals with both the breadth and depth of credible,
authoritative information they need to support their business
goals. Whether it be strategic planning, sales prospecting,
company research or defining management best practices -
Goliath is your leading source for accurate information.
|
|
