Finisar Corporation Company Profile (NASDAQ:FNSR)

Finisar Corporation trades on the NASDAQ under the ticker symbol "FNSR."

Finisar Corporation (NASDAQ:FNSR) issued its earnings results on Thursday, September, 7th. The company reported $0.40 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.40. The firm had revenue of $341.80 million for the quarter, compared to analysts' expectations of $341.22 million. Finisar Corporation had a net margin of 16.92% and a return on equity of 13.11%. The business's revenue was up .1% on a year-over-year basis. During the same quarter last year, the business earned $0.38 earnings per share. View Finisar Corporation's Earnings History.

Finisar Corporation is scheduled to release their next quarterly earnings announcement on Thursday, December, 14th 2017. View Earnings Estimates for Finisar Corporation.

Finisar Corporation updated its second quarter earnings guidance on Thursday, September, 7th. The company provided earnings per share guidance of $0.27-0.33 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.50. The company issued revenue guidance of $322-342 million, compared to the consensus revenue estimate of $370.29 million.

14 analysts have issued 1-year price objectives for Finisar Corporation's stock. Their predictions range from $26.00 to $40.00. On average, they anticipate Finisar Corporation's share price to reach $32.79 in the next year. View Analyst Ratings for Finisar Corporation.

Here are some recent quotes from research analysts about Finisar Corporation 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. " (9/4/2017)
• 2. Jefferies Group LLC analysts commented, "We are upgrading FNSR to Buy given a compelling valuation and optionality around accretive M&A. We believe that the recent soft results and guidance and weakness in FNSR shares stem from technical product issues that will likely be resolved shortly and concerns around China where we are confident longer-term demand trends will be strong. Turning to LITE, we're raising our estimates to reflect more revenue from 3D sensing and correspondingly the price target." (3/15/2017)

Some companies that are related to Finisar Corporation include ViaSat (VSAT), Lumentum Holdings (LITE), Belden (BDC), Ciena Corporation (CIEN), InterDigital (IDCC), Viavi Solutions (VIAV), West Corporation (WSTC), Acacia Communications (ACIA), Oclaro (OCLR), Plantronics (PLT), Infinera Corporation (INFN), Applied Optoelectronics (AAOI), ADTRAN (ADTN), Vocera Communications (VCRA), Sierra Wireless (SWIR), Spirent Communications Plc (SPT), Comtech Telecommunications Corp. (CMTL) and Sonus Networks (SONS).

Finisar Corporation's management team includes the folowing people:

• Jerry S. Rawls, Chairman of the Board, Chief Executive Officer
• Kurt Adzema, Chief Financial Officer, Executive Vice President - Finance
• John H. Clark, Executive Vice President, Chief Technology Officer
• Christopher E. Brown, Executive Vice President, Chief Counsel and Secretary
• Todd Swanson, Executive Vice President - Sales and Marketing, Research and Development
• Julie S. Eng, Executive Vice President - Datacom Engineering
• Joseph A. Young, Executive Vice President - Global Operations
• Mark Colyar, Senior Vice President - Operations and Engineering , General Manager
• Robert N. Stephens, Lead Independent Director
• Michael C. Child, Independent Director

Finisar Corporation's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Capital Research Global Investors (12.24%), Vanguard Group Inc. (7.99%), Dimensional Fund Advisors LP (3.91%), Fisher Asset Management LLC (3.53%), Renaissance Technologies LLC (3.01%) and Northern Trust Corp (2.61%). Company insiders that own Finisar Corporation 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 Corporation.

Finisar Corporation's stock was sold by a variety of institutional investors in the last quarter, including Capital World Investors, Ameriprise Financial Inc., Teachers Advisors LLC, Renaissance Technologies LLC, TIAA CREF Investment Management LLC, Nationwide Fund Advisors, Balyasny Asset Management LLC and GMT Capital Corp. Company insiders that have sold Finisar Corporation stock in the last year 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 Insider Buying and Selling for Finisar Corporation.

Finisar Corporation's stock was purchased by a variety of institutional investors in the last quarter, including Thompson Siegel & Walmsley LLC, Hood River Capital Management LLC, Artemis Investment Management LLP, Harbour Capital Advisors LLC, DnB Asset Management AS, Formula Growth Ltd., Capital Research Global Investors and Great West Life Assurance Co. Can. View Insider Buying and Selling for Finisar Corporation.

Shares of Finisar Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Finisar Corporation stock can currently be purchased for approximately $21.75.