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
Current SymbolNASDAQ:FNSR
Previous Symbol
CUSIP31787A50
Phone408-548-1000
Debt
Debt-to-Equity Ratio0.31
Current Ratio3.69
Quick Ratio3.05
Price-To-Earnings
Trailing P/E Ratio68.63
Forward P/E Ratio43.92
P/E Growth3.66
Sales & Book Value
Annual Sales$1.32 billion
Price / Sales1.96
Cash Flow$1.4177 per share
Price / Cash Flow15.49
Book Value$13.65 per share
Price / Book1.61
Profitability
EPS (Most Recent Fiscal Year)$0.32
Net Income$-48,280,000.00
Net Margins-7.61%
Return on Equity1.52%
Return on Assets0.95%
Miscellaneous
Employees13,000
Outstanding Shares117,210,000
Market Cap$2.62 billion
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 data on Monday, December, 3rd. The technology company reported $0.26 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.10 by $0.16. The technology company earned $325.42 million during the quarter, compared to analysts' expectations of $327.84 million. Finisar had a positive return on equity of 1.52% and a negative net margin of 7.61%. View Finisar's Earnings History.
When is Finisar's next earnings date?
What price target have analysts set for FNSR?
17 brokerages have issued 1 year price targets for Finisar's stock. Their forecasts range from $17.00 to $48.00. On average, they expect Finisar's stock price to reach $25.7707 in the next year. This suggests a possible upside of 17.5% 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 12 hold ratings and 5 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, "Finisar continues to expand its product line of optical subsystems through R&D activities to meet the evolving customer needs. The company believes in low cost and high value-added product manufacturing as a way to enhance revenues. It has low-cost manufacturing facilities in Ipoh, Malaysia and Wuxi, China, which minimizes the cost of production driven by cheap and efficient availability of labor. The company’s revenues are likely to increase manifold with the commercial deployment of 5G in China. Leveraging its sound engineering experience and technical knowhow, Finisar further aims to maintain a leading position in the optical subsystems and components industry. However, the stock has underperformed the industry in the past three months on an average. The current restrictions on export to China pose significant threat to Finisar’s business as majority of its revenues comes from overseas." (11/13/2018)
- 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)
Has Finisar been receiving favorable news coverage?
Press coverage about FNSR stock has been trending somewhat positive on Friday, according to InfoTrie Sentiment. The research firm identifies positive and negative media coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Finisar earned a daily sentiment score of 1.8 on InfoTrie's scale. They also gave news articles about the technology company a news buzz of 3.0 out of 10, indicating that recent media coverage is unlikely to have an impact on the stock's share price in the next several days.
Are investors shorting Finisar?
Finisar saw a drop in short interest in the month of November. As of November 15th, there was short interest totalling 12,062,533 shares, a drop of 23.9% from the October 31st total of 15,852,090 shares. Based on an average daily trading volume, of 5,952,543 shares, the short-interest ratio is presently 2.0 days. Currently, 10.5% of the shares of the stock 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 Marvell Technology Group (MRVL), ASE Technology (ASX), Qorvo (QRVO), ON Semiconductor (ON), IPG Photonics (IPGP), Integrated Device Technology (IDTI), Monolithic Power Systems (MPWR), Mellanox Technologies (MLNX), Cypress Semiconductor (CY), Cree (CREE), First Solar (FSLR), Semiconductor Manufacturing Int'l (SMI), United Microelectronics (UMC), AU Optronics (AUO) 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 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)
Who are Finisar's major shareholders?
Finisar's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (10.08%), Vanguard Group Inc (10.08%), Dimensional Fund Advisors LP (8.41%), Alliancebernstein L.P. (7.06%), DNB Asset Management AS (4.71%) and Bank of New York Mellon Corp (4.26%). 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 major investors are selling Finisar stock?
FNSR stock was sold by a variety of institutional investors in the last quarter, including Capital Research Global Investors, Capital World Investors, DNB Asset Management AS, Nan Shan Life Insurance Co. Ltd., Thompson Siegel & Walmsley LLC, State of New Jersey Common Pension Fund D, SG Americas Securities LLC and Canada Pension Plan Investment Board. Company insiders that have sold Finisar company stock in the last year include Jerry S Rawls, 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 acquired by a variety of institutional investors in the last quarter, including Alliancebernstein L.P., Victory Capital Management Inc., Dimensional Fund Advisors LP, Franklin Resources Inc., FMR LLC, Point72 Asset Management L.P., Vanguard Group Inc and Vanguard Group Inc.. 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 $21.94.
How big of a company is Finisar?
Finisar has a market capitalization of $2.62 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.
