Last $19.72 USD
Change Today -0.03 / -0.15%
Volume 587.5K
FNSR On Other Exchanges
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Exchange
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As of 8:10 PM 12/26/14 All times are local (Market data is delayed by at least 15 minutes).

finisar corporation (FNSR) Snapshot

Open
$19.77
Previous Close
$19.75
Day High
$19.77
Day Low
$19.49
52 Week High
04/24/14 - $28.85
52 Week Low
10/13/14 - $14.22
Market Cap
2.0B
Average Volume 10 Days
1.4M
EPS TTM
$0.63
Shares Outstanding
103.4M
EX-Date
--
P/E TM
31.5x
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 Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended October 26, 2014; Provides Earnings Guidance for the Third Quarter of Fiscal Year 2015

Finisar Corporation announced unaudited consolidated earnings results for the second quarter and six months ended October 26, 2014. For the quarter, the company reported revenue of $296,981,000 compared to $290,722,000 a year ago. Loss from operations was $7,259,000 compared to income from operations of $30,109,000 a year ago, primarily as the result of lower revenue levels and gross margins, and higher expenses related to resolving a pending litigation alleging patent infringement. Loss before income taxes and non-controlling interest was $9,751,000 compared to income before income taxes and non-controlling interest of $30,519,000 a year ago. Net loss attributable to the company was $11,361,000 or $0.11 per diluted share against net income attributable to the company of $29,965,000 or $0.29 per diluted share a year ago. Operating income - non-GAAP was $24,984,000 against $44,767,000 a year ago, primarily as the result of lower revenue levels and gross margins. Net income attributable to company - non-GAAP was $23,465,000 or $0.23 per diluted share against $43,767 or $0.43 per diluted share a year ago. Non-GAAP EBITDA was $46,409,000 compared to $59,911,000 a year ago. Capital expenditures were $28.4 million, this was less than prior forecast of approximately $45 million, primarily due to an approximate 1 quarter delay in the completion of the second building of new Wuxi, China factory as well as the delay of certain plant capital expenditures due to lower-than-expected revenue levels. For the six months, the company reported revenue of $624,619,000 compared to $556,790,000 a year ago. Income from operations was $13,109,000 compared to $57,212,000 a year ago. Income before income taxes and non-controlling interest was $6,069,000 compared to $57,775,000 a year ago. Net income attributable to the company was $2,882,000 or $0.03 per diluted share against $55,976,000 or $0.56 per diluted share a year ago. Operating income - non-GAAP was $60,388,000 against $77,164,000 a year ago. Net income attributable to company - non-GAAP was $56,797,000 or $0.55 per diluted share against $75,036 or $0.74 per diluted share a year ago. Non-GAAP EBITDA was $101,856,000 compared to $106,774,000 a year ago. The company indicated that for the third quarter of fiscal 2015 it currently expects revenues in the range of $297 to $312 million, non-GAAP gross margin of approximately 31%, non-GAAP operating margin of approximately 8.4% to 9.4%, and non-GAAP earnings per diluted share in the range of approximately $0.23 to $0.27. Non-GAAP taxes are estimated at 6% for the remainder of fiscal 2015. Capital expenditures are expected to be approximately $40 million in the third quarter, primarily driven by the continued construction of the second building of new Wuxi, China factory. The company expects non-GAAP gross margins to be approximately 31% as the benefit from growth and revenues is offset by the impact of 1 month of the annual telecom price reductions that typically take effect on January 1.

Finisar Corp. Presents at Raymond James Systems, Semiconductors, Software and Supply Chain (S4) Conference, Dec-09-2014 10:45 AM

Finisar Corp. Presents at Raymond James Systems, Semiconductors, Software and Supply Chain (S4) Conference, Dec-09-2014 10:45 AM. Venue: New York Marriott East Side Hotel, Manhattan, New York, United States. Speakers: Eitan Gertel, Chief Executive Officer and Director.

Finisar Corp. to Report Q2, 2015 Results on Dec 04, 2014

Finisar Corp. announced that they will report Q2, 2015 results at 5:00 PM, Eastern Daylight on Dec 04, 2014

 

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Industry Analysis

FNSR

Industry Average

Valuation FNSR Industry Range
Price/Earnings 34.9x
Price/Sales 1.6x
Price/Book 1.9x
Price/Cash Flow 30.6x
TEV/Sales 1.1x
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