Finisar Corporation designs, develops, manufactures, and markets optical subsystems, components, and network performance test systems for high-speed data communications in the United States, Malaysia, and the People's Republic of China, and internationally.
Finisar Corporation (NASDAQ:FNSR) is scheduled to report its fourth quarter earnings results on June 11, 2012, after market close.
Finisar has a market cap of $1.34 billion and it is currently trading around $14.65 with a 52 week range of $12.26 to $23.50. The stock has -12.54% price performance for the year 2012. The following table provides the key financial ratios for Finisar :
|Return On Assets (ROA)||4.63%|
|Return On Equity (ROE)||5.98%|
- On March 6,2012, Finisar demonstrated the optical backplane technology using Finisar board-mounted optics, a 28 Gb/s VCSEL (vertical cavity surface emitting laser) for 32G Fibre Channel applications, and a GPON Stick providing complete GPON ONT functionality in a compact SFP package.
- On Mar 06, 2012, Finisar announced two new 100G modules - a 100G Coherent OIF Transponder and a 100G DWDM CFP with SpectraWave, an all-optical DWDM transport platform. Finisar displayed these new modules at OFC/NFOEC in Finisar's booth #1703 at the Los Angeles Convention Center, March 6-8, 2012.
Here's a list of recent changes to analyst ratings:
- On May 30, 2012, Piper Jaffray reported that they expect Light Q1 Guidance from Finisar and hence reduced the estimates and price target to $19.00.
- On April 11, 2012, Raymond James initiated coverage on Finisar with an OUTPERFORM.
- On March 28, 2012, MKM Partners initiated coverage on Finisar with a BUY rating and set the price target to $18.00.
- On March 1, 2012, Jefferies reduced the Finisar estimates and its price target from $22.00 to $18.00 following roughly in-line Q3.
Analyst Guidance and Earnings History
The fourth quarter revenues are expected to be $242.62 million when compared to $236.95 million for the same quarter last year. Earnings per share for the fourth quarter are expected to be 21 cents a share, down from 33 cents a share in the year-ago period.
The average price target from analyst for Finisar is $21.57 with average rating is OVERWEIGHT
Out of the last 4 quarters, Finisar has met or exceeded the EPS estimates all the 4 times. The following chart shows the Analyst estimates history and the actual EPS results:
Sources: Some of the data is taken from Google Finance, Yahoo Finance, Finviz and investor sites.
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Disclosure: I have no positions in any stocks mentioned, but may initiate a short position in FNSR over the next 72 hours.