Finisar Corporation provides components and subsystems to networking equipment manufacturers, data center operators, telecom service providers, consumer electronics, and automotive companies in the United States, China, Malaysia, and internationally. The company's optical subsystems primarily include transmitters, receivers, transceivers, transponders, and active optical cables, which provide the fundamental optical-electrical or optoelectronic interface for interconnecting the electronic equipment used in wireline networks comprising switches, routers, and servers, as well as wireless networks, such as antennas and base stations. It also offers wavelength selective switches that are used to switch network traffic from one optical fiber to various other fibers without converting to an electronic signal. In addition, the company provides packaged laser, receivers, and photodetectors for data communication and telecommunication applications; and passive optical components for telecommunication applications. It markets its products through direct sales force, as well as distributors, manufacturers' representatives and resellers, and system integrators; and to the manufacturers of storage systems and telecommunication equipment, as well as to their contract manufacturers. Finisar Corporation was founded in 1987 and is headquartered in Sunnyvale, California.
Industry, Sector and Symbol
Industry Semiconductors & related devices
Sub-IndustryCommunications Equipment
SectorComputer and Technology
Phone408-548-1000
Debt
Current Ratio3.69
Quick Ratio3.05
Price-To-Earnings
Sales & Book Value
Annual Sales$1.32 billion
Price / Sales1.91
Price / Cash Flow14.95
Price / Book1.52
Profitability
Net Income$-48,280,000.00
Net Margins-7.61%
Return on Assets0.95%
Miscellaneous
Employees13,000
OptionableOptionable
Finisar (NASDAQ:FNSR) Frequently Asked Questions
What is Finisar's stock symbol?
Finisar trades on the NASDAQ under the ticker symbol "FNSR."
How were Finisar's earnings last quarter?
Finisar Co. (NASDAQ:FNSR) released its quarterly earnings results on Monday, December, 3rd. The technology company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.10 by $0.16. The technology company earned $325.42 million during the quarter, compared to analyst estimates of $327.84 million. Finisar had a negative net margin of 7.61% and a positive return on equity of 1.52%. View Finisar's Earnings History.
When is Finisar's next earnings date?
What price target have analysts set for FNSR?
16 brokerages have issued 12 month target prices for Finisar's shares. Their forecasts range from $17.00 to $48.00. On average, they expect Finisar's stock price to reach $25.3992 in the next year. This suggests a possible upside of 18.1% from the stock's current price. View Analyst Price Targets for Finisar.
What is the consensus analysts' recommendation for Finisar?
16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Finisar in the last year. There are currently 12 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Finisar.
What are Wall Street analysts saying about Finisar stock?
Here are some recent quotes from research analysts about Finisar stock:
- 1. According to Zacks Investment Research, "Leveraging its sound engineering experience and technical knowhow, Finisar aims to maintain a leading position in the optical subsystems and components industry through the acquisition of complementary businesses. The company is also expanding its broad product line of optical subsystems through dedicated R&D activities to meet the evolving customer needs. Finisar expects to witness strong demand for ROADMs on a global basis with India and China beginning to deploy them in large volumes. For the upcoming 5G transition for wireless, it is a leading supplier of the major OEMs of 25 gig and 100 gig data rates for both short and long-reach applications. It is well positioned for the 100 gig to 400 gig transition in the enterprise and data center markets. However, the stock has underperformed the industry in the past year. The current restrictions on export to China remain headwinds as majority of its revenues comes from overseas markets." (1/3/2019)
- 2. William Blair analysts commented, "We expect the company to come in roughly in line on revenue with a downward bias to EPS due to ongoing datacom pricing pressure affecting gross margin. The Street is looking for $333 million on revenue (roughly flat sequentially) and $0.23 for EPS; we are in line on revenue and a penny below consensus on EPS. We believe the company could see modest quarter-over-quarter expansion in 3-D sensing (revenue is relatively small to be affected by recent Apple [AAPL $176.21; Not Rated] iPhoneX cuts) offsetting ongoing inventory correction in China (at Huawei and ZTE) and product transition at hyperscale customers (Amazon [AMZN $1,500.25; Outperform] transitioning from 40G to 100G). The biggest risk to Finisar remains gross margins, which could remain pressured until datacom pricing stabilizes, cost reduction products become available, and/or higher-margin products (CFP2-ACO and ROADMs) begin to ship in volume." (3/5/2018)
Has Finisar been receiving favorable news coverage?
News stories about FNSR stock have been trending positive on Wednesday, InfoTrie Sentiment reports. The research group identifies positive and negative news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Finisar earned a coverage optimism score of 2.3 on InfoTrie's scale. They also assigned news articles about the technology company a news buzz of 5.0 out of 10, meaning that recent news coverage is somewhat likely to have an effect on the company's share price in the near future.
Are investors shorting Finisar?
Finisar saw a increase in short interest during the month of December. As of December 14th, there was short interest totalling 12,637,979 shares, an increase of 14.4% from the November 30th total of 11,042,823 shares. Based on an average trading volume of 3,302,895 shares, the days-to-cover ratio is currently 3.8 days. Approximately 10.9% of the company's shares are sold short. View Finisar's Current Options Chain.
Who are some of Finisar's key competitors?
Some companies that are related to Finisar include ASE Technology (ASX), Qorvo (QRVO), ON Semiconductor (ON), IPG Photonics (IPGP), Integrated Device Technology (IDTI), Monolithic Power Systems (MPWR), First Solar (FSLR), Cree (CREE), Cypress Semiconductor (CY), Mellanox Technologies (MLNX), United Microelectronics (UMC), Advantest (ATEYY), AU Optronics (AUO), Semiconductor Manufacturing Int'l (SMI) and Silicon Laboratories (SLAB).
Who are Finisar's key executives?
Finisar's management team includes the folowing people:
- Mr. Michael E. Hurlston, CEO & Director (Age 52)
- Mr. Jerry S. Rawls, Co-Founder & Director (Age 74)
- Mr. Kurt Adzema, CFO, Principal Accounting Officer & Exec. VP of Fin. (Age 50)
- Mr. Joseph A. Young, Exec. VP of Global Operations (Age 62)
- Mr. Todd Swanson, Chief Operating Officer (Age 48)
Who are Finisar's major shareholders?
Finisar's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include DNB Asset Management AS (1.74%), Louisiana State Employees Retirement System (0.04%), State of Alaska Department of Revenue (0.03%) and Cerebellum GP LLC (0.01%). Company insiders that own Finisar stock include Jerry S Rawls, John H Clark, Joseph A Young, Julie Sheridan Eng, Kurt Adzema, Mark Colyar, Robert Stephens, Roger C Ferguson and Todd Swanson. View Institutional Ownership Trends for Finisar.
Which institutional investors are selling Finisar stock?
FNSR stock was sold by a variety of institutional investors in the last quarter, including DNB Asset Management AS and Louisiana State Employees Retirement System. Company insiders that have sold Finisar company stock in the last year include Jerry S Rawls, Julie Sheridan Eng and Roger C Ferguson. View Insider Buying and Selling for Finisar.
Which institutional investors are buying Finisar stock?
How do I buy shares of Finisar?
Shares of FNSR can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Finisar's stock price today?
One share of FNSR stock can currently be purchased for approximately $21.50.
How big of a company is Finisar?
Finisar has a market capitalization of $2.53 billion and generates $1.32 billion in revenue each year. The technology company earns $-48,280,000.00 in net income (profit) each year or $0.32 on an earnings per share basis. Finisar employs 13,000 workers across the globe.
What is Finisar's official website?
How can I contact Finisar?
Finisar's mailing address is 1389 MOFFETT PARK DR, SUNNYVALE CA, 94089. The technology company can be reached via phone at 408-548-1000 or via email at [email protected]
MarketBeat Community Rating for Finisar (NASDAQ FNSR)
MarketBeat's community ratings are surveys of what our community members think about Finisar and other stocks. Vote "Outperform" if you believe FNSR will outperform the S&P 500 over the long term. Vote "Underperform" if you believe FNSR will underperform the S&P 500 over the long term. You may vote once every thirty days.
