NEW YORK, NY / ACCESSWIRE / May 23, 2017 / Finisar had some good news on Monday from a Rosenblatt analyst that sent shares soaring. According to the analyst, the manufacturer of optical communication components will be able to resume shipping to Huawei China in July. Back in January, it was announced that Huawei had prohibited Finisar from selling a certain product to the company. Cheetah Mobile's shares also climbed higher after reporting its first quarter results.

RDI Initiates Coverage on:

Finisar Corporation
https://ub.rdinvesting.com/news/?ticker=FNSR

Cheetah Mobile Inc.
https://ub.rdinvesting.com/news/?ticker=CMCM

Finisar Corporation's shares closed up 10.22% on Monday. The stock moved beyond its 50-day moving average yesterday after an analyst at Rosenblatt said the company may resume shipping products to China network gear maker Huawei. Analyst Jun Zhang has said that Finisar passed the requalification test at Huawei for CFP/CFP2 client side products last week and will resume shipping to Huawei, the major global provider of networking gear, in July. According to the firm, Finisar will regain 35% share at Huawei for the CFP2 product, and will start shipping for China Mobile's Phase 12 100G upgrade project in June. The company will also resume component ordering in early July. Finisar is scheduled to announce its fiscal fourth quarter and full year 2017 financial results for the period ending April 30, 2017, at the close of market on Thursday, June 15th, 2017.

Access RDI's Finisar Research Report at:
https://ub.rdinvesting.com/news/?ticker=FNSR

Cheetah Mobile Inc.'s shares closed up 7.49% on Monday on tremendous volume compared to usual after the company released its unaudited consolidated financial results for the first quarter ended March 31, 2017. The company saw its revenue increased by 6.8% year over year to $173 million. Net income attributable to Cheetah Mobile shareholders increased by 752.2% year over year to $13.3 million. CEO Mr. Sheng Fu commented, "2017 is a year of transformation for Cheetah Mobile. We will continue to enhance our artificial intelligence-based technology platform that brings new opportunities to the mobile utility space and drives the rapid growth of our mobile content products. We are encouraged by the strong performance we are witnessing in Live.me, one of our successful content-driven products in the overseas markets. Driven by Live.me's robust results, our overseas revenues achieved a record high in the first quarter of 2017." Cheetah is a leading mobile internet company that aims to provide leading apps for mobile users worldwide and connect users with personalized content on the mobile platform.

Access RDI's Cheetah Mobile Research Report at:
https://ub.rdinvesting.com/news/?ticker=CMCM

Our Actionable Research on Finisar Corporation (NASDAQ: FNSR) and Cheetah Mobile Inc. (NYSE: CMCM) can be downloaded free of charge at Research Driven Investing.

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