Last $27.85 USD
Change Today +1.21 / 4.52%
Volume 3.7M
FNSR On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

finisar corporation (FNSR) Snapshot

Open
$26.79
Previous Close
$26.64
Day High
$28.09
Day Low
$26.59
52 Week High
04/17/14 - $28.09
52 Week Low
05/23/13 - $12.17
Market Cap
2.7B
Average Volume 10 Days
2.5M
EPS TTM
$0.97
Shares Outstanding
96.8M
EX-Date
--
P/E TM
28.8x
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. The company’s 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. It also offers wavelength selective switches that are used to dynamically switch network traffic from one optical fiber to multiple other fibers without converting the optical signal to an electronic signal. The company’s optical components primarily consist of packaged lasers and photo detectors for data communication and telecommunication applications; and passive optical components for telecommunication applications. It markets its optical products through its direct sales force, as well as through a network of distributors, manufacturers’ representatives, and manufacturers of storage systems, networking equipment, and telecommunication equipment. Finisar Corporation was founded in 1987 and is headquartered in Sunnyvale, California.

9,720 Employees
Last Reported Date: 06/24/13
Founded in 1987

finisar corporation (FNSR) Top Compensated Officers

Chairman of The Board and Co-Principal Execut...
Total Annual Compensation: $713.0K
Chief Executive Officer and Director
Total Annual Compensation: $713.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $394.1K
Executive Vice President of Global Operations
Total Annual Compensation: $477.3K
Executive Vice President of Technology, Globa...
Total Annual Compensation: $445.8K
Compensation as of Fiscal Year 2013.

finisar corporation (FNSR) Key Developments

ECI Telecom, Finisar, Multiphy and Technion Israel Institute of Technology Demonstrate 1Tb/S Transceiver Transmission with the Tera Santa Consortium

ECI Telecom, Finisar, MultiPhy and Technion Israel Institute of Technology have successfully demonstrated 1Tb/s transceiver transmission with the Tera Santa Consortium. In the trial, the consortium transported non-regenerated 1Tb/s coherent super channel signal through the German Research Network - Deutsches Forschungsnetz e.V. (DFN-Verein) optical network. ECI deployed its Apollo family of packet-optical transport solution across DFN's X-WiN's network in 2012, and has since upgraded it to support the delivery of 100G services, for faster connectivity and increased capacity. Highlites: The trial, which took place at the Technische Universität Dresden, ran over DFN's live X-WiN network, and used the 1Tb/s transceiver developed by the Tera Santa Consortium, as part of its research on 1Tb/s adaptive coherent channel behavior. It demonstrates the advanced capabilities of the Tera Santa 1T transmission system and technologies in compensating for channel impairments and chromatic dispersion utilizing advanced QAM16 and OFDM modulations and algorithms. DFN's X-WiN network features ECI's Apollo packet-optical transport solution, with flexible grid technology, which provides operators with additional flexibility when assigning spectrum compared to traditional WDM technology. DFN's network is based on colorless, directionless and contentionless ROADM WDM layers and ODU cross-connect at Layer 1 -- thus enabling a dynamic network with the ability to respond quickly to any new service demands. Finisar demonstrated the software-defined 1 Terabit optical transceiver, which hosted the different algorithms developed by the consortium, in an end-to-end transceiver platform utilizing Finisar Flexgrid(TM) - WSS used to add/drop the 200GHz super channel signal. The OFDM algorithms were developed by both MultiPhy (128 OFDM carriers) and the Technion (1024 OFDM carriers), using two different implementation approaches. This trial is one more milestone for the Consortium, which built upon the successful transmission of non-regenerated 100G traffic, via the Jonah international submarine cable, owned by Bezeq International. The data was transmitted by the Apollo OMLT over a total distance of 4,600 km from Tel Aviv to Bari, Italy and back.

Finisar Demonstrates New CFP4 Modules for High Port-Count 100G Systems for Carrier and Data Center Applications

Finisar Corporation demonstrated several new products and technologies, including modules based on the new CFP4 MSA form factor for 100G systems within carrier and data center environments, 40G serial VCSEL link technology that increases per-lane data rates, a 16 channel x 25G CDFP Active Optical Cable (AOC) and Hybrid Raman EDFAs for extending reach without compromising performance. Finisar will also showcase its new InP-based optical components expanding the company's 100G coherent portfolio. Demonstrations will take place during OFC in Finisar's booth #3645 at the Moscone Center in San Francisco, March 11-13, 2014. Finisar is demonstrating new products and technologies which enable the implementation of the new CFP4 MSA form factor in high port-count 100G systems for carrier and data center environments. Targeting single mode fiber applications, a new 100GBASE-LR4 CFP4 optical transceiver module is being demonstrated on a 12 km 100G link, interoperating error-free with a CFP transceiver. By using 4x28G DFB laser technology, the module supports a maximum power dissipation of less than 4.5W (4W typical), which is significantly lower than EML-based solutions and enables much higher port density. It provides a retimed 4x25G/28G electrical interface to the host board, meets IEEE 802.3, OIF and OTN standards, and interoperates with existing 100GBASE-LR4 CFP and CFP2 modules.

Finisar Corp. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended January 26, 2014; Provides Earnings Guidance for the Fourth Quarter of Fiscal 2014

Finisar Corp. reported unaudited consolidated earnings results for the third quarter and nine months ended January 26, 2014. For the quarter, the company reported revenues of USD 294,018,000 compared with USD 238,351,000 for the same period last year. Income from operations was USD 33,096,000 compared with loss from operations of USD 797,000 for the same period last year. Income before income taxes and non-controlling interest was USD 29,895,000 compared with loss before income taxes and non-controlling interest of USD 1,534,000 for the same period last year. Net income attributable to the company was USD 27,061,000 or USD 0.26 per diluted share compared with net loss attributable to the company of USD 3,407,000 or USD 0.04 per diluted share for the same period last year. Operating income -non-GAAP was USD 46,295,000 compared with USD 17,377,000 for the same period last year. Adjusted non-GAAP income attributable to the company was USD 45,532,000 or USD 0.44 per diluted share compared with net loss attributable to the company of USD 16,929,000 or USD 0.17 per diluted share for the same period last year. Non-GAAP EBITDA was USD 62,894,000 compared with USD 31,142,000 for the same period last year. Capital expenditures totaled USD 35.4 million. For the nine months, the company reported revenue of USD 850,808,000 compared with USD 690,918,000 for the same period last year. Income from operations was USD 90,308,000 compared with loss from operations of USD 5,940,000 for the same period last year. Income before income taxes and non-controlling interest was USD 87,670,000 compared with loss before income taxes and non-controlling interest of USD 7,736,000 for the same period last year. Net income attributable to the company was USD 83,037,000 or USD 0.82 per diluted share compared with net loss attributable to the company of USD 9,333,000 or USD 0.29 per diluted share for the same period last year. Operating income -non-GAAP was USD 123,459,000 compared with USD 45,215,000 for the same period last year. Adjusted non-GAAP income attributable to the company was USD 121,646,000 or USD 1.18 per diluted share compared with net loss attributable to the company of USD 43,084,000 or USD 0.44 per diluted share for the same period last year. Non-GAAP EBITDA was USD 169,668,000 compared with USD 84,719,000 for the same period last year. Without taking into account the acquisition of u2t, the company currently expects revenues for the fourth quarter of fiscal 2014 to be in the range of USD 290 to USD 305 million; non-GAAP gross margin of approximately 36%, non-GAAP operating margin of approximately 13.8% to 14.8%, and non-GAAP earnings per diluted share to be in the range of approximately USD 0.38 to USD 0.42. After taking into account the acquisition of u2t, including the elimination of any intercompany revenue or expense transactions with Finisar, the Company indicated that it currently expects revenues for the fourth quarter of fiscal 2014 to be in the range of USD 296 to USD 311 million, non-GAAP gross margin of approximately 35.5%, non-GAAP operating margin of approximately 12.8% to 13.8%, and non-GAAP earnings per diluted share to be in the range of approximately USD 0.36 to USD 0.40. Capital expenditures are expected to be approximately USD 33 million in the fiscal fourth quarter, primarily driven by the construction on the shell of the second building of the company's new Wuxi, China production site.

 

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FNSR

Industry Average

Valuation FNSR Industry Range
Price/Earnings 32.4x
Price/Sales 2.5x
Price/Book 2.8x
Price/Cash Flow 28.4x
TEV/Sales 1.7x
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