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
Stock Exchange NASDAQ
Industry Semiconductors & related devices
Sub-IndustryCommunications Equipment
SectorComputer and Technology
SymbolNASDAQ:FNSR
CUSIP31787A50
Phone408-548-1000
Debt
Debt-to-Equity Ratio0.30
Current Ratio4.00
Quick Ratio3.24
Price-To-Earnings
Trailing P/E Ratio60.34
Forward P/E Ratio38.38
P/E Growth2.69
Sales & Book Value
Annual Sales$1.32 billion
Price / Sales1.71
Cash Flow$1.4864 per share
Price / Cash12.91
Book Value$14.16 per share
Price / Book1.36
Profitability
EPS (Most Recent Fiscal Year)$0.32
Net Income$-48,280,000.00
Net Margins-3.67%
Return on Equity2.74%
Return on Assets1.71%
Miscellaneous
Employees13,000
Outstanding Shares117,160,000
Market Cap$2.18 billion
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) announced its earnings results on Thursday, June, 14th. The technology company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.12 by $0.07. The technology company had revenue of $310.07 million for the quarter, compared to the consensus estimate of $309.93 million. Finisar had a positive return on equity of 2.74% and a negative net margin of 3.67%. Finisar's revenue for the quarter was down 13.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.50 EPS. View Finisar's Earnings History.
When is Finisar's next earnings date?
What guidance has Finisar issued on next quarter's earnings?
Finisar issued an update on its first quarter earnings guidance on Thursday, June, 14th. The company provided earnings per share guidance of $0.10-0.16 for the period, compared to the Thomson Reuters consensus estimate of $0.15. The company issued revenue guidance of $305-325 million, compared to the consensus revenue estimate of $316.96 million.
What price target have analysts set for FNSR?
17 brokerages have issued 1 year target prices for Finisar's stock. Their forecasts range from $15.00 to $33.00. On average, they expect Finisar's share price to reach $24.6940 in the next year. This suggests a possible upside of 28.7% from the stock's current price. View Analyst Price Targets for Finisar.
What is the consensus analysts' recommendation for Finisar?
17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Finisar in the last year. There are currently 1 sell rating, 4 hold ratings and 12 buy ratings for the stock, resulting in a consensus recommendation of "Buy." 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, "Finisar’s quarterly revenues and operating results have shown frequent fluctuations and these are expected to continue, resulting in volatility in stock price. The current restrictions on export to China pose a significant threat to the company’s business, given that majority of its revenues come from overseas. Moreover, Finisar’s ongoing transfer of certain manufacturing operations to low-cost overseas locations is likely to backfire with higher trade tariffs. However, the stock has outperformed the industry in the past three months on an average. Growing relevance of the fiber optics market makes the company’s products increasingly important in industries such as high-performance computing, military, medical and consumer electronics. Finisar is also expanding its broad product line of optical subsystems through dedicated R&D activities to meet the increasing customer needs, which augurs well for its long-term growth." (8/20/2018)
- 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)
Are investors shorting Finisar?
Finisar saw a decrease in short interest in July. As of July 31st, there was short interest totalling 17,833,142 shares, a decrease of 19.4% from the July 13th total of 22,121,595 shares. Based on an average trading volume of 2,031,870 shares, the days-to-cover ratio is presently 8.8 days. Approximately 15.5% of the company's shares are short sold. View Finisar's Current Options Chain.
Who are some of Finisar's key competitors?
Some companies that are related to Finisar include Microsemi (MSCC), United Microelectronics (UMC), SUMCO Corp/ADR (SUOPY), Cypress Semiconductor (CY), Cavium (CAVM), Monolithic Power Systems (MPWR), Semiconductor Manufacturing Int'l (SMI), First Solar (FSLR), Siliconware Precision Industries (SPIL), Cree (CREE), Integrated Device Technology (IDTI), Mellanox Technologies (MLNX), Silicon Laboratories (SLAB), AU Optronics (AUO) and Advantest (ATEYY).
Who are Finisar's key executives?
Finisar's management team includes the folowing people:
- Mr. Michael E. Hurlston, CEO & Director (Age 51)
- Mr. Jerry S. Rawls, Co-Founder & Director (Age 73)
- Mr. Kurt Adzema, CFO, Principal Accounting Officer & Exec. VP of Fin. (Age 49)
- Mr. Joseph A. Young, Exec. VP of Global Operations (Age 61)
- Mr. Todd Swanson, Chief Operating Officer (Age 47)
Has Finisar been receiving favorable news coverage?
News headlines about FNSR stock have trended somewhat positive on Monday, according to Accern Sentiment Analysis. The research group scores the sentiment of media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Finisar earned a coverage optimism score of 0.00 on Accern's scale. They also assigned media stories about the technology company an impact score of 45.96 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company's share price in the near future. View Recent Headlines for Finisar.
Who are Finisar's major shareholders?
Finisar's stock is owned by many different of institutional and retail investors. Top institutional investors include Dimensional Fund Advisors LP (7.61%), DnB Asset Management AS (5.94%), Bank of New York Mellon Corp (4.21%), Fisher Asset Management LLC (3.26%), FMR LLC (2.55%) and Nan Shan Life Insurance Co. Ltd. (2.52%). Company insiders that own Finisar stock include Christopher Brown, 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 major investors are selling Finisar stock?
FNSR stock was sold by a variety of institutional investors in the last quarter, including Nan Shan Life Insurance Co. Ltd., Pinnacle Associates Ltd., Raymond James & Associates, Peregrine Capital Management LLC, Royce & Associates LP, First National Bank of Omaha, Louisiana State Employees Retirement System and Municipal Employees Retirement System of Michigan. Company insiders that have sold Finisar company stock in the last year include Jerry S Rawls, John H Clark, Julie Sheridan Eng, Kurt Adzema, Mark Colyar and Roger C Ferguson. View Insider Buying and Selling for Finisar.
Which major investors are buying Finisar stock?
FNSR stock was bought by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, Dimensional Fund Advisors LP, DnB Asset Management AS, Glenmede Trust Co. NA, FMR LLC, Voya Investment Management LLC, SG Americas Securities LLC and Formula Growth Ltd.. View Insider Buying and Selling for Finisar.
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 $19.19.
How big of a company is Finisar?
Finisar has a market capitalization of $2.18 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.
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.
