Last $18.48 USD
Change Today +0.24 / 1.32%
Volume 2.3M
FNSR On Other Exchanges
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Exchange
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As of 5:20 PM 09/16/14 All times are local (Market data is delayed by at least 15 minutes).

finisar corporation (FNSR) Snapshot

Open
$18.22
Previous Close
$18.24
Day High
$18.50
Day Low
$18.08
52 Week High
04/24/14 - $28.85
52 Week Low
09/9/14 - $17.15
Market Cap
1.8B
Average Volume 10 Days
4.8M
EPS TTM
$0.94
Shares Outstanding
99.6M
EX-Date
--
P/E TM
19.7x
Dividend
--
Dividend Yield
--
Current Stock Chart for FINISAR CORPORATION (FNSR)

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finisar corporation (FNSR) Details

Finisar Corporation provides optical subsystems and components for data communication and telecommunication applications in the United States, Malaysia, China, and internationally. Its optical subsystems primarily consist of transmitters, receivers, transceivers, transponders, and active optical cables that provide optical-electrical or optoelectronic interface for interconnecting the electronic equipment used in building communication networks, including the switches, routers, and servers used in wireline networks, as well as the antennas and base stations for wireless networks. The company also offers wavelength selective switches, which are used to switch network traffic from one optical fiber to multiple other fibers without converting the optical signal to an electronic signal. In addition, it provides optical components comprising packaged lasers, receivers, and photo detectors for data communication and telecommunication applications; and passive optical components for telecommunication applications. Finisar Corporation markets its optical products through its direct sales force, as well as through a network of distributors and manufacturers’ representatives to the manufacturers of storage systems, networking equipment, and telecommunication equipment. The company was founded in 1987 and is headquartered in Sunnyvale, California.

13,000 Employees
Last Reported Date: 06/26/14
Founded in 1987

finisar corporation (FNSR) Top Compensated Officers

Chairman and Co-Principal Executive Officer
Total Annual Compensation: $580.2K
Chief Executive Officer and Director
Total Annual Compensation: $540.2K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $364.0K
Executive Vice President of Global Operations
Total Annual Compensation: $419.1K
Executive Vice President of Technology, Globa...
Total Annual Compensation: $391.6K
Compensation as of Fiscal Year 2014.

finisar corporation (FNSR) Key Developments

Finisar Corporation Upgrades the WaveShaper 16000 to a 4x16 Port Structure

Finisar Corporation announced the upgrade of the WaveShaper 16000 to a 4x16 port structure. Designed for R&D applications in advanced optical networking, the enhanced WaveShaper 16000 allows switching and filtering of optical signals with arbitrary amplitude and phase between any input and output port combination. Covering the entire C-band of the optical communications window, the WaveShaper 16000 also supports Fourier Processing which allows splitting of an input optical signal between multiple output ports, each with individual filter functions applied. The WaveShaper 16000 can be controlled using Finisar's intuitive WaveManager graphical user interface. Alternatively, Finisar's simple Application Programming Interface, which is available for both Windows and Linux operating systems, allows integration of the WaveShaper in automated research and test environments.

Finisar Corp. Announces Financial Results for the First Quarter Ended July 27, 2014; Provides Earnings Guidance for the Second Quarter of 2014

Finisar Corp. announced financial results for the first quarter ended July 27, 2014. For the quarter, the company reported revenues of $327.638 million against $306.025 million a year ago. Income from operations was $20.368 million against $21.107 million a year ago. Income before income taxes and non-controlling interest was $15.820 million against $26.751 million a year ago. Net income attributable to the company was $14.243 million or $0.14 per diluted share against $28.750 million or $0.28 per diluted share a year ago. Operating income - non-GAAP was $35.404 million against $38.882 million a year ago. Net income attributable to company - non-GAAP was $33.332 million or $0.32 per diluted share against $36.992 million or $0.36 per diluted share a year ago. First fiscal quarter capital expenditures totaled $44.2 million. The company indicated that for the second quarter of fiscal 2015 it currently expects revenues in the range of $305 to $320 million, non-GAAP gross margin of approximately 31% to 32%, non-GAAP operating margin of approximately 8.5% to 9.5%, and non-GAAP earnings per diluted share in the range of approximately $0.23 to $0.27. Capital expenditures are expected to be approximately $45 million in the fiscal second quarter primarily driven by the continuous construction on the exterior shell of the second building of new Wuxi, China factory. Second quarter depreciation is expected to increase approximately $2 million. Non-GAAP taxes are expected to be approximately 6% for the remainder of the fiscal year.

Finisar Seeks Acquisitions

Finisar Corp. (NasdaqGS:FNSR) will consider acquisitions. Kurt Adzema, Executive Vice President and Chief Financial Officer of Finisar said on being asked about consolidation, "We're always looking at opportunities for additional acquisitions and consolidation plays. But, we haven't done anything at this point, but we will continue to look at those this fiscal year and beyond."

 

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Industry Analysis

FNSR

Industry Average

Valuation FNSR Industry Range
Price/Earnings 19.0x
Price/Sales 1.5x
Price/Book 1.7x
Price/Cash Flow 16.9x
TEV/Sales 0.9x
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