Shares of Finisar Corp. (Nasdaq: FNSR) took a hit today after the company reported a revenue drop last night.
The company reported its revenues for the second quarter of fiscal year 2002 were 21 percent lower than the same period last year -- a drop from $44.5 million to $35.1 million. Compared to its first quarter earnings, however, the company reported a three percent rise in revenues. The results were in line with analyst expectations.
In trading at noon today, Finisar shares declined $2.08 (16.34 percent) to $10.65.
The fall in stock prices comes as no surprise to Robertson Stephens analyst Igor Illic. For the last couple of weeks, Finisar was trading at a level that wasnt justified, he says. Peoples expectations for growth werent merited.
This, Illic insisted, has nothing to do with Finisar, but with the economy in general. Finisar is still a very good company, he says. Its still a leader.
By combining resources and expertise, the AI-Enabled ICT Workforce Consortium will offer a blueprint for how industries can adapt to an AI-dominated future.
IT leaders should heed the guidance of cybersecurity insurance providers who think businesses should prioritize security education, incident preparedness, regular internal audits, and ongoing vulnerability scanning and patching.
There are many network courses that can address your present job's priorities and help you gain the needed skills to keep pace with industry changes and new technologies.
