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 Ratio0.31
Current Ratio3.65
Quick Ratio2.98
Price-To-Earnings
Trailing P/E Ratio56.22
Forward P/E Ratio38.51
P/E Growth2.84
Sales & Book Value
Annual Sales$1.32 billion
Price / Sales1.61
Cash Flow$1.3702 per share
Price / Cash13.21
Book Value$14.16 per share
Price / Book1.28
Profitability
EPS (Most Recent Fiscal Year)$0.32
Net Income$-48,280,000.00
Net Margins-6.71%
Return on Equity1.24%
Return on Assets0.77%
Miscellaneous
Employees13,000
Outstanding Shares117,210,000
Market Cap$2.23 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) posted its earnings results on Thursday, September, 6th. The technology company reported $0.18 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.12 by $0.06. The technology company had revenue of $317.30 million for the quarter, compared to analyst estimates of $315.77 million. Finisar had a positive return on equity of 1.24% and a negative net margin of 6.71%. The company's revenue for the quarter was down 7.2% on a year-over-year basis. During the same quarter last year, the company earned $0.40 earnings per share. 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 second quarter earnings guidance on Thursday, September, 6th. The company provided EPS guidance of $0.19-0.25 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.18. The company issued revenue guidance of $315-335 million, compared to the consensus revenue estimate of $333.09 million.
What price target have analysts set for FNSR?
16 Wall Street analysts have issued 1-year price objectives for Finisar's shares. Their predictions range from $15.00 to $33.00. On average, they expect Finisar's share price to reach $24.2793 in the next year. This suggests a possible upside of 34.2% 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 1 sell rating, 6 hold ratings and 9 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 continues to expand its broad product line of optical subsystems through dedicated research and development 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. Finisar has low cost manufacturing units in Ipoh, Malaysia and Wuxi, China, which significantly lowers the cost of production driven by cheap and efficient availability of labor, offering a competitive edge over its rivals. The company remains focused on targeting opportunities where it can use its high-speed data transmission protocols as these technologies are used across multiple data and telecommunication applications. However, the stock has underperformed the industry in the past three months on an average. The current restrictions on export to China pose a significant threat to Finisar’s business, given that majority of its revenues come from overseas." (10/16/2018)
- 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)
Who are some of Finisar's key competitors?
Some companies that are related to Finisar include IPG Photonics (IPGP), Microsemi (MSCC), ON Semiconductor (ON), United Microelectronics (UMC), Integrated Device Technology (IDTI), Cavium (CAVM), Siliconware Precision Industries (SPIL), Monolithic Power Systems (MPWR), Cypress Semiconductor (CY), First Solar (FSLR), Semiconductor Manufacturing Int'l (SMI), SUMCO Corp/ADR (SUOPY), AU Optronics (AUO), Silicon Laboratories (SLAB) and Mellanox Technologies (MLNX).
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 many different of retail and institutional investors. Top institutional shareholders include DNB Asset Management AS (4.71%), State of New Jersey Common Pension Fund D (1.25%) and Advisors Capital Management LLC (0.15%). 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 DNB Asset Management AS and State of New Jersey Common Pension Fund D. 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?
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 $18.09.
How big of a company is Finisar?
Finisar has a market capitalization of $2.23 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.
