Finisar Corporation provides optical subsystems and components for data communication and telecommunication applications 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 networks comprising switches, routers, and servers used in wireline networks, as well as antennas and base stations used in wireless networks. 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 optical components primarily consisting of packaged lasers and photodetectors; and passive optical components for use in 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, networking equipment, 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
SymbolNASDAQ:FNSR
CUSIP31787A50
Phone408-548-1000
Debt
Debt-to-Equity Ratio0.30
Current Ratio4.00
Quick Ratio3.24
Price-To-Earnings
Trailing P/E Ratio56.06
Forward P/E RatioN/A
P/E Growth2.07
Sales & Book Value
Annual Sales$1.32 billion
Price / Sales1.57
Cash Flow$0.3482 per share
Price / Cash51.61
Book Value$14.16 per share
Price / Book1.27
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
Employees14,000
Outstanding Shares114,690,000
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) posted its earnings results on Thursday, June, 14th. The technology company reported $0.05 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.12 by $0.07. The technology company earned $310.07 million during the quarter, compared to analyst estimates of $309.93 million. Finisar had a negative net margin of 3.67% and a positive return on equity of 2.74%. The firm's revenue for the quarter was down 13.3% on a year-over-year basis. During the same period last 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 updated its first quarter earnings guidance on Thursday, June, 14th. The company provided EPS guidance of $0.10-0.16 for the period, compared to the Thomson Reuters consensus earnings per share 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?
16 brokerages have issued 12 month target prices for Finisar's stock. Their predictions range from $15.00 to $33.00. On average, they anticipate Finisar's stock price to reach $24.6721 in the next year. 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 CORP. is a provider of fiber optic subsystems and network test and monitoring systems which enable high-speed data communications over local area networks, or LANs, storage area networks, or SANs, and metropolitan access networks, or MANs. They are focused on the application of digital fiber optics to provide aline of high-performance, reliable, value-added optical subsystems for data networking and storage equipment manufacturers. " (5/9/2018)
- 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 drop in short interest in May. As of May 31st, there was short interest totalling 24,241,060 shares, a drop of 7.7% from the May 15th total of 26,268,145 shares. Based on an average daily trading volume, of 1,941,778 shares, the days-to-cover ratio is currently 12.5 days. Currently, 21.5% of the company's shares are sold short.
Who are some of Finisar's key competitors?
Some companies that are related to Finisar include Microsemi (MSCC), UMC (UMC), Semiconductor Manufacturing Int'l (SMI), Cypress Semiconductor (CY), SUMCO Corp/ADR (SUOPY), Monolithic Power Systems (MPWR), Cavium (CAVM), Siliconware Precision Industries (SPIL), First Solar (FSLR), Cree (CREE), Silicon Laboratories (SLAB), Integrated Device Technology (IDTI), Mellanox Technologies (MLNX), AU Optronics (AUO) and Advantest (ATEYY).
Who are Finisar's key executives?
Finisar's management team includes the folowing people:
- 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, Exec. VP of Sales, Marketing & R&D (Age 47)
- Dr. Julie Sheridan Eng, Exec. VP of Datacom R&D (Age 51)
Has Finisar been receiving favorable news coverage?
Headlines about FNSR stock have trended somewhat positive recently, according to Accern. Accern identifies negative and positive news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Finisar earned a media sentiment score of 0.09 on Accern's scale. They also assigned headlines about the technology company an impact score of 46.07 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the near future.
Who are Finisar's major shareholders?
Finisar's stock is owned by many different of institutional and retail investors. Top institutional shareholders include BLACKROCK INC. (13.40%), Dimensional Fund Advisors LP (6.61%), Fisher Asset Management LLC (3.28%), Northern Trust Corp (2.56%), Franklin Resources Inc. (1.79%) and State of New Jersey Common Pension Fund D (1.39%). 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 institutional investors are selling Finisar stock?
FNSR stock was sold by a variety of institutional investors in the last quarter, including Great West Life Assurance Co. Can, The Manufacturers Life Insurance Company , New York State Common Retirement Fund, Schwab Charles Investment Management Inc., Fisher Asset Management LLC, Pinnacle Associates Ltd., Thompson Siegel & Walmsley LLC and SG Americas Securities LLC. 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, Robert Stephens, Roger C Ferguson and Todd Swanson. View Insider Buying and Selling for Finisar.
Which institutional investors are buying Finisar stock?
FNSR stock was purchased by a variety of institutional investors in the last quarter, including Dimensional Fund Advisors LP, Principal Financial Group Inc., Principal Financial Group Inc., Franklin Resources Inc., Legal & General Group Plc, Prudential Financial Inc., Rhumbline Advisers and Candriam Luxembourg S.C.A.. 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 $17.91.
How big of a company is Finisar?
Finisar has a market capitalization of $2.06 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 14,000 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 (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.
