Finisar Corporation (FNSR) news stock charts
Finisar Corporation (FNSR) Investment Summary:
We are a leading provider of optical subsystems and components that connect local area networks, or LANs, storage area networks, or SANs, and metropolitan area networks, or MANs. Our optical subsystems consist primarily of transceivers which provide the fundamental optical-electrical interface for connecting the equipment used in building these networks. These products rely on the use of semiconductor lasers in conjunction with integrated circuit design and novel packaging technology to provide a cost-effective means for transmitting and receiving digital signals over fiber optic cable using a wide range of network protocols, transmission speeds and physical configurations over distances of 70 meters to 200 kilometers. Our line of optical components consists primarily of packaged lasers and photodetectors used in transceivers, primarily for LAN and SAN applications. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2007%2f12%2f04%2f0000891618-07-000669.html#FIS_BUSINESS"www.finisar.com
Founded in 1987
FINISAR CORPORATION (FNSR:NASDAQ GS)
LAST $15.41 USD
CHANGE TODAY -0.36 -2.28%
VOLUME 2.8M
As of 8:09 PM 09/8/10 All times are local (Market data is delayed by at least 15 minutes).
Snapshot of FINISAR CORPORATION (FNSR)
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OPEN
$15.87
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PREVIOUS CLOSE
$15.77
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DAY HIGH
$16.10
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DAY LOW
$15.26
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52 WEEK HIGH
07/26/10 - $17.91
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52 WEEK LOW
09/11/09 - $6.56
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MARKET CAP
1.2B
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AVERAGE VOLUME 10 D
3.1M
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EPS TTM
$0.51
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SHARES OUTSTANDING
76.5M
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FNSR Does Not Pay Dividends
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P/E TTM
30.2x
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| K = Thousands M = Millions B = Billions | ||
related news
*Nasdaq stocks posting largest percentage increases
AP Digital - 09/03/2010 6:05 PM ET
Correction: Finisar earnings story
AP Digital - 09/03/2010 5:15 PM ET
Nasdaq stocks posting largest percentage increases
AP Digital - 09/03/2010 1:18 PM ET
FNSR: Raised Target - JAGNote by Stifel Nicolaus
JAG Media - 09/03/2010 8:55 AM ET
Ahead of the Bell: Finisar shares surge
AP Digital - 09/03/2010 8:29 AM ET
Key developments for FINISAR CORPORATION (FNSR)
Finisar Corp. Sets Standard for Next-Generation ROADMs With Flexgrid(TM) WSS Technology
09/7/2010
Finisar Corp. introduced its new Flexgrid(TM) technology. Flexgrid(TM) enables dynamic control of channel center frequency and channel bandwidth within a WSS, from 50 GHz to 200 GHz in 12.5 GHz steps, with no penalty on any aspect of WSS performance. Flexgrid(TM) draws upon the inherent flexibility and performance of Finisar's Liquid Crystal on Silicon (LCoS) optical engine to address carrier demand for flexible bandwidth-capable ROADMs in next-generation networks. The need for increased network capacity, efficiency, and flexibility is driving the introduction of higher data rates, new transmission formats, and channel management technologies. These all require flexible bandwidth capable ROADMs. For example, the introduction of coherent techniques enables 100 Gbit/s transmission within a 50 GHz channel. However, higher speed traffic, including future 400 Gbit/s and 1 Tbit/s signals, will not fit into such a narrow channel. To maximize network capacity and future-proof a carrier's investment in transmission hardware, the channel bandwidth in both the WSS and the add-drop components required for contentionless, directionless, colorless (CDC) architectures must therefore be dynamically variable to accommodate new transmission formats and data rates. Finisar will demonstrate its Flexgrid(TM) technology in booth #207 at the European Conference and Exhibition on Optical Communications (ECOC) in Torino, Italy, September 20-22.
Finisar Corp. expected to report Q2 2011 results on December 3, 2010. This event was calculated by Capital IQ (Created on September 4, 2010).
09/4/2010
Finisar Corp. expected to report Q2 2011 results on December 3, 2010. This event was calculated by Capital IQ (Created on September 4, 2010).
Finisar Corp. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended August 1, 2010; Provides Earnings Guidance for the Second Quarter Ending October 31, 2010
09/2/2010
Finisar Corp. reported unaudited consolidated earnings results for the first quarter ended August 1, 2010. For the period, the company's revenues were $207,882,000 against $128,725,000 a year ago. Income from operations was $23,747,000 against loss from operations of $8,786,000 a year ago. Income from continuing operations before income taxes was $21,492,000 against loss from continuing operations before income taxes of $10,957,000 a year ago. Income from continuing operations was $19,410,000 or $0.24 per diluted share against loss from continuing operations of $11,116,000 or $0.18 per diluted share a year ago. Net income was $19,126,000 against $25,963,000 a year ago. Operating income, non-GAAP was $29,043,000 against $3,260,000 a year ago. Income, non-GAAP, from continuing operations was $25,812,000 or $0.31 per diluted share against $1,765,000 or $0.03 per diluted share a year ago. Net income, non-GAAP was $25,528,000 against $2,498,000 a year ago. Adjusted income from continuing operations was $27,190,000 against $1,765,000 a year ago. Non-GAAP EBITDA from continuing operations was $37,256,000 against $10,412,000 a year ago. Total non-GAAP EBITDA was $36,972,000 against $11,264,000 a year ago. Capital expenditures were $12.1 million compared to $3.1 million in the first quarter of the prior year. The company provided earnings guidance for the second quarter ending October 31, 2010. For the period, the company indicated that it currently expects revenues to be in the range of $215 million to $230 million. Additional non-cash and infrequently occurring charges excluded in calculating non-GAAP operating income are expected to total approximately $5 to $7 million. As a result, on a non-GAAP basis, operating margin is expected to be in the range of 14% to 15%.
Finisar Corporation financial resources
FNSR Competitors
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Industry Analysis
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FNSR transactions
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More Recent Financial News About Finisar Corporation
Opinions on Juniper Networks and Finisar - Demand and Innovations Boost Networking and Communication Devices Industry
2010-09-08 05:52:04
Keywords: Opinions on Juniper Networks and Finisar - Demand and Innovations Boost Networking and Communication Devices Industry, fnsr,jnpr
Quote: JNPRNews) and Finisar Corp. FNSRNewswww.stockcall.com/ to have free access to these researches.https://stockcall.com/development/stockcall/page.php?name=register.html to have free access to our reports on the networking & communication devices industry.www.stockcall.com/https://stockcall.com/development/stockcall/page.php?name=register.html.Those with business operations involved in the delivery of rich content, such as video, have seen a tremendous increase in demand. As the amount of video con...Read article
Finisar Sets Standard for Next-Generation ROADMs With Flexgrid(TM) WSS Technology
2010-09-07 08:50:12
Keywords: Finisar Sets Standard for Next-Generation ROADMs With Flexgrid(TM) WSS Technology, fnsr
Quote: Flexgridâ„¢ draws upon the inherent flexibility and performance of Finisar's Liquid Crystal on Silicon (LCoS) optical engine to address carrier demand for flexible bandwidth-capable ROADMs in next-generation networks.The need for increased network capacity, efficiency, and flexibility is driving the introduction of higher data rates, new transmission formats, and channel management technologies. These all require flexible bandwidth capable ROADMs. For example, the introduction of coherent te...Read article
UPDATE - Finisar Q1 results beat Street, sees strong Q2 revenue
2010-09-03 08:50:30
Keywords: Corporate Results,Results Forecasts / Warnings,Communications equipment,Electrical Components / Equipment,Computers / Office Equipment,Business/Public Services,United States,Computer hardware,Computer hardware,IT Services / Consulting,Software,Company Eve
Quote: Thu Sep 2, 2010 5:51pm EDT
* Q1 EPS $0.31 vs est $0.23 * Q1 revenue $207.9 mln vs est $201.1 mln * Sees Q2 revenue of $215-$230 mln vs est $206.2 mln * Plans to add ROADM capacity in Q2 * Shares up 10 pct after market Sept 2 (Reuters) - Finisar Corp (FNSR.O), which makes
high-speed network gear, posted better-than-expected quarterly
results, helped by robust demand for its transceivers and
network-switching products, and forecast a strong second
quarter, sending its shares up 10 percent. The com...Read article
FINISAR CORP Files SEC form 8-K, Results of Operations and Financial Condition
2010-09-03 08:50:29
Quote: Results of Operations and Financial Condition
On September 2, 2010, Finisar Corporation issued a press release announcing its
financial results for the first quarter ending August 1, 2010. A copy of the
press release is attached hereto as Exhibit 99.1.
In accordance with General Instruction B.2 of Form 8-K, the information in this
Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed to be
"filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as
...Read article
3Par, Campbell Soup, Esterline, Sunoco, Walter Energy: U.S. Equity Preview
2010-09-03 08:50:28
Quote: Finisar Corp. (FNSR US) gained 11 percent to $15.11. The
maker of fiber-optic transmission gear said second-quarter sales
would be at least $215 million, higher than the $206.14 million
estimate of analysts.
H&R Block Inc. (HRB US) rose 3.5 percent to $13.01. The
biggest U.S. tax preparer reported a narrower quarterly loss
from continuing operations as Chief Executive Officer Alan Bennett looks for a strategy to win back customers.
Krispy Kreme Doughnuts Inc. (KKD US): The doughnut chain
b...Read article
Oplink Surges on Q1 Outlook
2010-08-04 04:41:22
Keywords: Oplink Surges on Q1 Outlook, cien,csco,emkr,fnsr,glw,jdsu,jnpr,oclr,oplk, ideas-and-strategies
Quote: Oplink CommunicationsOPLKNews) shares soared by 15% on Tuesday after the company reported its fiscal fourth-quarter results and offered an optimistic view for Q1.For the three months ended June 30, the company earned $3.6 million or 17 cents per share compared to $249,000 or a penny per share in the same period last year.Excluding certain items, Oplink earned an adjusted 28 cents per share, topping analysts' 21-cent consensus.Looking forward, the firm said it expects between 36 and 42 cents in f...Read article
Friday Options Recap
2010-08-02 02:57:48
Quote: Shares are up and implied volatility down about 2.5 percent to 34 today, as corn, wheat and soybeans all see sharp rallies Friday.Unusual Volume MoversBearish activity detected in Finisar (FNSR), with 2554 puts trading, or 4x the recent average daily put volume in the name.Bearish activity detected in Enbridge Energy Partners (EEP), with 2243 puts trading, or 7x the recent average daily put volume in the name.Bearish activity detected in Childrens Place Retail Stores (PLCE), with 2444 puts tradi...Read article
Momentum Book Update: The Waiting Is the Hardest Part
2010-08-02 02:57:47
Quote: Pepper (DPS), WPRT, Dolby Labs (DLB), Goldman Sachs (GS), Ariba (ARBA), and Power-One (PWER).I also sold part of Finisar (FNSR) and Titanium Metals (TIE). Positions added this week include Rackspace (RAX), Incyte (INCY),Cree (CREE), Peet's Coffee (PEET), and PowerShares Agriculture ETF (DBA).I also added to my position in Isolin Systems (ISLN). The big winner this week was PWERwhich reported blow out numbers on Thursday afternoon.I sold outafter hours and took home almost 40% on the last part of...Read article
Finisar: A Telecom Play That's Worth a Look
2010-07-26 01:12:37
Quote: One stock that fills that bill is Finisar (FNSR),which has shown up in Cabot TopTen Weekly a few times this year, including a couple of timesrecently.It’s a story right out of 1999, as the company is the world’slargest supplier of optical gear for telecom equipment.And that meansthe company is riding the boom in bandwidth demand, which stems fromthe flood of data and video now traveling over telecom networks thanksto myriad smartphones and other wireless devices. Verizon(VZ) is pouri...Read article
Momentum Book Update: Time to Focus on the Long Side
2010-07-26 01:12:36
Quote: OK, this week I took long positions inFinisar (FNSR), Isilon Systems (ISLN), OmniVision Technologies (OVTI), Rubicon Technology (RBCN), Skyworks Solutions (SWKS), Westport Innovatins (WPRT), Cummins (CMI), Venoco (VQ),Titanium Metals (TIE), andAriba (ARBA).You’ll notice two main themes going on here.The first is tech,obviously.Tech will be the sector to lead us out of this downtrend orthe market isn’t going anywhere.The fundamental story in the semispace is still on fire.I saw YOY re...Read article
Investment Considerations: The Importance of Time Frames
2010-07-09 05:12:06
Quote: I want to highlight in a brief post, using Finisar Corp. (FNSR) as an example, theimportance of looking at multiple time frames when stalking a stock ofour choice.I was looking through the "Networking and CommunicationDevices" sector.I noted that FNSR had not broken down much, and it hasa whopping short interest of more than 20%. Here's the first chart that I pulled (click to enlarge):Looks a little toppy, does it? I decided to step back and view a longerterm chart using a weekly form...Read article
FINISAR CORP Files SEC form 10-K, Annual Report
2010-07-02 10:20:49
Quote: Our optical products
sold for longer distance MAN and telecom applications typically have higher
gross margins than our products for shorter distance LAN and SAN applications.
Our overall gross margins have fluctuated from period to period as a result of
overall revenue levels, shifts in product mix, the introduction of new products,
decreases in average selling prices and our ability to reduce product costs.
Table of Contents
Since October 2000, we have completed the acquisition of ten privatel...Read article
JDSU, Finisar at Forefront of Optical Rebirth
2010-07-01 02:24:01
Quote: Silicon Valley's JDSU (JDSU) and Finisar (FNSR) are supplying the urgent need for optical equipment in the wireless backhaul and next generation LTE network. The backhaul upgrade willrelieve network congestion and help eliminate dropped calls, while LTE will add speed to aid video and other bandwidth intensive downloads.Verizon Wireless (VZ) recently completed preliminary trials of its new 4G network. The LTE network is being built using the 700MHz spectrum Verizon (VZ) bought in the huge 2008 F...Read article
CFP MSA Releases Updated Hardware and Firmware Documents Defining 40Gbps and 100Gbps Optical Transceivers
2010-06-29 01:40:24
Keywords: CFP MSA Releases Updated Hardware and Firmware Documents Defining 40Gbps and 100Gbps Optical Transceivers, avgo,fnsr,opxt
Quote: The CFP MSA utilizes numerousinnovative features like advanced thermal management, EMI management andenhanced electrical signal integrity design to define the transceivermechanical form factor, the optical connector, the 10x10Gbps electricalconnector with its pin assignments, the MDIO-based transceivermanagement interface and the hardware required on the system host board.www.cfp-msa.orgor contact the following representatives:dan.rausch@avagotech.comchristian.urricariet@finisar.commtraverso@opn...Read article
FINISAR CORP Files SEC form 8-K, Change in Directors or Principal Officers
2010-06-21 04:15:15
Quote: Item 5.02Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers
(d) Election of Directors
The Board of Directors (the "Board") of Finisar Corporation (the "Company")
appointed Michael C. Child to fill an existing vacancy on the Board, effective
June 15, 2010. The Company's Board consists of nine directors who are elected to
staggered three-year terms. Mr. Child will serve as a directo...Read article
FINISAR CORP Files SEC form 8-K, Change in Directors or Principal Officers, Other Events
2010-06-16 21:38:33
Quote: Item 5.02Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers
(e) Changes in Executive Officer Compensation Arrangements.
On June 9, 2010, the Compensation Committee of the Board of Directors (the
"Compensation Committee") of Finisar Corporation (the "Company") approved the
following base salaries for the fiscal year ending April 30, 2011 for the
executive officers for whom compens...Read article
HEADLINE STOCKS-U.S. small/midcap stocks to watch on June 11
2010-06-14 03:20:46
Keywords: Chemicals,United States of America,Semiconductor equipment and products,Utilities,Industrial conglomerates (industry),Business support services,Communications equipment,Consumer electronics,Household durables,Commercial services and supplies (industry gro
Quote: [nSGE6590KP] FINISAR CORP (FNSR.O), $14.75, up 4 pct The maker of high-speed network gear Thursday posted
better-than-expected quarterly results and forecast
first-quarter revenue above market estimates. [nSGE6590KH]A-POWER ENERGY GENERATION (APWR.O), $9.39, up 3 pct The company Thursday posted higher quarterly profit and
raised its full-year outlook on expectations of stronger
turbine exports. [nSGE6590FF](Reporting by Shailesh Kuber in Bangalore)......Read article
US SMALL/MIDCAPS-Stocks edge higher on M&A, earnings
2010-06-14 03:20:45
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Quote: Finisar Corp (FNSR.O) rose 4.1 percent to $14.83 after the
maker of high-speed network gear posted better-than-expected
quarterly results and forecast first-quarter revenue above
market estimates. Shares in Littelfuse Inc (LFUS.O) rose 5.2 percent to
$33.20. The circuit protection products maker raised its
second-quarter outlook as electronics demand continued to
grow. Aircastle Ltd (AYR.N), the aircraft leasing company, said
it received approvals for up to $530 million of debt financing
support...Read article
UPDATE - Finisar Q4 tops estimates, sees Q1 rev above view
2010-06-11 07:32:53
Keywords: Communications equipment,Consumer electronics,Household durables,Commercial services and supplies (industry group),Industrial machinery,Machinery,Data processing services,United States of America,Computer hardware,Computer hardware,Corporate Results,Corpo
Quote: UPDATE 1-Finisar Q4 tops estimates, sees Q1 rev above view
* Q4 adj EPS $0.22 vs est $0.20 * Revenue $188.5 mln vs est $183.0 mln * Sees Q1 rev $190 mln-$205 mln vs est $186.1 mln * Shares up 4 pct in extended trade June 10 (Reuters) - Finisar Corp (FNSR.O), which makes
high-speed network gear, posted better-than-expected quarterly
results and forecast first-quarter revenue above market
estimates on strong demand for its products, sending its shares
up 4 percent in extended trade. Growth in IP t...Read article
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