Finisar (NASDAQ:FNSR) will be releasing its earnings data after the market closes on Thursday, December 7th. Analysts expect Finisar to post earnings of $0.50 per share for the quarter. Finisar has set its Q2 guidance at $0.27-0.33 EPS.
Finisar (NASDAQ:FNSR) last released its earnings results on Thursday, September 7th. The technology company reported $0.40 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.40. The company had revenue of $341.80 million during the quarter, compared to analysts’ expectations of $341.22 million. Finisar had a return on equity of 13.11% and a net margin of 16.92%. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter last year, the business posted $0.38 EPS. On average, analysts expect Finisar to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Finisar (NASDAQ:FNSR) opened at $18.11 on Tuesday. The company has a market capitalization of $2,060.00, a P/E ratio of 11.53, a PEG ratio of 1.35 and a beta of 1.14. The company has a debt-to-equity ratio of 0.44, a current ratio of 7.66 and a quick ratio of 6.24. Finisar has a one year low of $17.80 and a one year high of $36.85.
A number of research firms have recently commented on FNSR. Needham & Company LLC restated a “strong-buy” rating and issued a $34.00 target price (down previously from $44.00) on shares of Finisar in a research note on Friday, September 8th. Zacks Investment Research upgraded Finisar from a “strong sell” rating to a “hold” rating in a research note on Friday. William Blair restated an “ourperform” rating on shares of Finisar in a research note on Thursday, September 7th. Northland Securities set a $40.00 target price on Finisar and gave the company a “buy” rating in a research note on Tuesday, August 29th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $30.00 target price (down previously from $33.00) on shares of Finisar in a research note on Tuesday, September 5th. One research analyst has rated the stock with a sell rating, six have given a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. Finisar has an average rating of “Buy” and an average target price of $30.75.
In other Finisar news, Chairman Jerry S. Rawls sold 20,000 shares of Finisar stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $22.89, for a total transaction of $457,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Roger C. Ferguson sold 2,726 shares of Finisar stock in a transaction on Friday, September 22nd. The shares were sold at an average price of $21.46, for a total value of $58,499.96. Following the transaction, the director now owns 44,034 shares of the company’s stock, valued at approximately $944,969.64. The disclosure for this sale can be found here. 1.02% of the stock is currently owned by insiders.
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Finisar Corporation (Finisar) is a provider of optical subsystems and components that are used in data communication and telecommunication applications. The Company’s optical subsystems consist of transmitters, receivers, transceivers, transponders and active optical cables, which provide the fundamental optical-electrical or optoelectronic interface for interconnecting the electronic equipment used in these networks, including the switches, routers, and servers used in wireline networks.
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