NEW YORK, NY / ACCESSWIRE / November 22, 2017 / Shares of Garmin closed higher on Tuesday, and even hit a new high after days of gains following an announcement last week that the Garmin PayTM contactless payment feature went live on Garmin's vivoactive 3 smartwatch. Shares of Finisar also headed higher yesterday despite any news. The company will be releasing its fiscal second-quarter results on December 7th.

RDI Initiates Coverage on:

Garmin Ltd.
http://www.rdinvesting.com/report/?ticker=GRMN

Finisar Corporation
http://www.rdinvesting.com/report/?ticker=FNSR

Garmin Ltd. shares closed up 1.58% yesterday on nearly a million shares traded. The stock hit a brand new high of $62.61. It's been several days of momentum for the stock since last week a wholly owned subsidiary of NXT-ID, Inc. announced that the Garmin PayTM contactless payment feature is now live on Garmin's vívoactive 3 smartwatch and available to cardholders of issuing banks supporting the new service. Garmin Vice President of worldwide sales, Dan Bartel, stated "With Garmin Pay, vívoactive 3 wearers now have the freedom to leave their phone and wallet at home when they go to run or work out, and still be able to make purchases wherever their day takes them. The vívoactive 3 is an indispensable tool for any active lifestyle and we appreciate the support that card issuing banks have provided to make this exciting new feature available to their cardholders." Senior Vice President of Commerce for Every Device, Kiki Del Valle, commented, "We are excited that Mastercard cardholders will be the first consumers to make contactless payments using their Garmin vívoactive 3 smartwatches. Working with leading issuers across four markets is just the beginning of delivering more choice in how consumers can make payments that match their digital lifestyles."

Access RDI's Garmin Ltd. Research Report at:
http://www.rdinvesting.com/report/?ticker=GRMN

Finisar Corporation shares closed up 2.79% on a little over 3 million shares traded. There was no remarkable news from the company yesterday but it was earlier in the month that Finisar announced it is in full production of its 100G shortwave wavelength division multiplexing (SWDM) optical transceiver. The transceiver is the first optical module on the market that is compliant with the 100G SWDM4 specification defined by the SWDM multi-source agreement (MSA) according to the company's press release. According to the director of network product management at Dell EMC, James Wynia, "The SWDM modules provide great value to our data center customers. The ability to leverage existing 10G fiber infrastructure not only saves our customers additional capital expenditure, but also provides operational savings by eliminating the need for new fiber installation and associated facility upgrades."Finisar will announce its fiscal second quarter 2018 financial results for the period ending October 29, 2017, on December 7th, 2017 at the close.

Access RDI's Finisar Corporation Research Report at:
http://www.rdinvesting.com/report/?ticker=FNSR

Our Actionable Research on Garmin Ltd. (NASDAQ: GRMN) and Finisar Corporation (NASDAQ: FNSR) can be downloaded free of charge at Research Driven Investing.

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SOURCE: RDInvesting.com