Finisar Corp. was a big mover last session, as the company saw its shares surge nearly 13% on the day. Shares gained after the company posted record revenues for the first quarter of fiscal 2017. The news led to far more shares changing hands than in a normal session resulting in solid volume. This continues the recent uptrend for the company as the stock is now up 36.3% in the past one-month time frame.

None of the estimates for this stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Friday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Finisar currently carries a Zacks Rank #3 (Hold).

A better-ranked stock in the same industry is Oclaro, Inc. , sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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