Orlando, FL -- (SBWIRE) -- 09/09/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On EMC Corporation(NYSE:EMC), Finisar Corporation (NASDAQ:FNSR).
EMC Corporation(NYSE:EMC) shares gained 0.27% to $26.39. Today, joined by EMC partners and customers, EMC Corporation on Sept. 4 kicked off a 24-hour, around-the-world live launch announcing new technologies that help give IT infrastructure teams the speed they need to lead their IT Transformation. At this event EMC announced that the EMC ViPR Software-Defined Storage Platform, a critical enabler to speeding this transformation, will be available later this month.
Additionally, as customers continue their march toward ever-simplified IT infrastructure, lower costs and increased business agility, EMC Corporation (NYSE:EMC) and VMware (NYSE:VMW) on August 29 at VMworld® 2013 announced a major investment and commitment focused on rapid advancement of software-defined storage architectures and emerging models for the way applications consume storage in virtualized environments.
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Finisar Corporation (NASDAQ:FNSR) shares increased 2.67% to $23.45. The company on Sept. 5 announced financial results for its first fiscal quarter ended July 28, 2013. Revenues increased to $266.1 million, up $22.7 million, or 9.3%, from $243.4 million in the preceding quarter primarily driven by strength in sales of datacom products. GAAP operating income increased $26.7 million to $27.1 million, or 10.2% of revenues, compared to $0.4 million, or 0.2% of revenues in the preceding quarter, primarily as the result of increased revenues and the improvement in gross margin.
Additionally, the company on August 8 announced that, on the basis of preliminary financial results, the Company expects to report revenues of approximately $266 million for its first fiscal quarter, ended July 28, 2013, compared to guidance of $245 to $260 million that the Company provided early in the first quarter. The revenue results are preliminary and subject to adjustment. However, in the absence of material adjustment, first quarter revenues will set a new record for the Company and will be the fourth consecutive quarter of sequential revenue growth.
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