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Finisar Corporation (FNSR)

- NASDAQ
  • Sun, Mar. 29, 7:39 PM
  • Nov. 20, 2014, 1:38 PM
  • Jan. 8, 2014, 5:23 PM
  • Apr. 11, 2013, 9:43 AM
    In addition to announcing it's acquiring CyOptics, Avago (AVGO -0.3%) is creating a 20M-share buyback authorization (good for repurchasing 8% of shares) to replace a 15M-share authorization that just expired. CyOptics, which had 2012 sales of $210M and relies on an advanced material known as indium phosphide, lowers Avago's dependence on its wireless chip business (over half of sales), and makes the company a tougher optical component rival to JDS Uniphase (JDSU) and Finisar (FNSR). Avago asserts CyOptics' products strengthen its hand in the 40G/100G space, an area Cisco and Intel are also interested in.
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  • Jan. 10, 2013, 1:04 PM
    Alcatel-Lucent (ALU) has acquired Capella Photonics, a maker of advanced wavelength selective switch (WSS) components for optical switching hardware. The purchase comes after ALU reported a 17.5% Y/Y Q3 sales drop for its Optics division, and at a time when the company is reportedly mulling the sale of its submarine optical business. Finisar (FNSR) is a major WSS component supplier.
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  • Mar. 27, 2012, 9:34 AM
    Up initially following its all-stock acquisition of Opnext (OPXT +47.8%), Oclaro (OCLR -7.1%) is now lower. Concerns about the deal's premium, and perhaps the potential for share loss as customers strive to keep a diverse stable of suppliers, could be having an impact. That, in turn, has brought Opnext shares down to $1.67, well below the $1.96 price implied by yesterday's close. Rivals are trading higher: FNSR +3.4%. JDSU +2.2%. NPTN +1.1%.
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  • Mar. 26, 2012, 4:32 PM
    Oclaro (OCLR) is acquiring rival optical component vendor Opnext (OPXT) in an all-stock deal that values Opnext at $1.96/share, or $177M, based on today's close. Oclaro will be issuing 0.42 shares of its stock for every Opnext share outstanding. Many have speculated the optical component market is ripe for consolidation. OCLR +2.2% AH. OPXT halted. FNSR +0.9%. NPTN and JDSU could also see volatility.
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  • Mar. 7, 2012, 4:00 PM
    Saddled with too many vendors and excess capcity, the optical component industry is due for consolidation, says industry analyst Subu Subrahmanyan, who also speculates Oclaro (OCLR) could merge with Finisar (FNSR) or JDS Uniphase (JDSU). Finisar CEO Jerry Rawls says deals are often discussed, but  disagreements over price and fears of post-merger market share losses are standing in the way.
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Company Description
Finisar Corp is a provider of optical subsystems and components that are used in data communication and telecommunication applications.