|Bid||19.150 x 1200|
|Ask||19.160 x 800|
|Day's Range||18.580 - 19.200|
|52 Week Range||14.250 - 25.440|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Shares of Viavi Solutions Inc. (viav) are up 2.7% in premarket trading Monday after Needham analyst Alex Henderson upgraded the stock to buy from hold. "3D has been priced in at Lumentum (lite) II-VI (iivi) and Finisar (fnsr) we think it's less in the numbers at Viavi due to the slow start," Henderson wrote.
MARKET PULSE Optical stocks were hit Friday after President Donald Trump said he was prepared to "go to 500" in a tariff battle with China, referring to the idea that the U.S. may levy tariffs on $505 billion in Chinese products, or the whole import balance from last year.
For example, Apple’s (AAPL) iPhone X has a front-facing camera that lets it measure the contours of your face, in order to recognize you and unlock the phone. Key suppliers for the technology are Lumentum Holdings (LITE) and Finisar (FNSR). "WIN expects VCSEL sales in CY2H18 to be less than previously expected,” writes Alex Henderson of Needham & Co., who follows shares of Lumentum, “and up less than 100% year over year.” He was referring to “vertical cavity surface emitting lasers,” the light source used in the iPhone X’s front-facing camera that does the Face ID.
Finisar Corp. (NASDAQ: FNSR) is almost halfway through hiring the workforce for its new Sherman facility, where it will make iPhone parts. Finisar is a major supplier for Apple Inc. (NASDAQ: AAPL) and makes the vertical-cavity surface-emitting lasers, or VCSELs, that power things like Face ID, Animoji and Portrait mode selfies for the iPhone X. "Finisar is excited to unveil this new state-of-the-art facility, which will expand critical production capacity of our VCSEL products needed to support customer requirements," said Michael Hurlston, Finisar's CEO, in a prepared statement. "We are also pleased to create hundreds of manufacturing jobs in the US," he added, "And to hire talent from the local area as we work together to make Sherman the VCSEL Capital of the World." Finisar also has a manufacturing plant in Allen but needed more space to make the VCSELs.
Finisar (FNSR) plans to increase its VCSEL production capacity significantly in the new facility. Its production is expected to commence by the end of this year with 200 employees already on board.
MARKET PULSE Shares of optoelectronics company Lumentum Holdings Inc. (lite) are up nearly 4% in premarket trading after Goldman Sachs analyst Rod Hall upgraded the stock to buy from neutral. "We note that Lumentum's 3D sensing business is robust and gaining pace and the Lasers business is seeing strong demand," Hall wrote.
Optoelectronics company Finisar Corporation (NASDAQ: FNSR ) reported Thursday afternoon with disappointing fiscal fourth-quarter results, but that shouldn't alter the bullish long-term thesis, according ...
Shares of Finisar Corp. are down 2.4% in premarket trading Friday after the optoelectronics company reported in-line revenue and weaker-than-expected earnings for its April-ended quarter. Jefferies analyst George Notter reiterated his buy rating and $24 price target after the results came out, writing that he believes Wall Street is too pessimistic about the stock. Notter sees recovery potential in the 3D-sensing and optical markets, and he thinks the company could benefit from strategic changes that management hinted at during the latest earnings call.
This afternoon’s earnings reports bring nice results for fiber-optic component supplier Finisar (FNSR) and contract electronics manufacturer Jabil (JBL), but a bit of disappointment for investors in software powerhouse Adobe Systems (ADBE). Finisar rises despite ‘disappointment' Finisar stock is up 23 cents, or 1.3%, at $17.93, in late trading, after the company missed with its profit for the April-ending fiscal Q4, but beat on revenue and forecast this quarter’s revenue just slightly below consensus. CEO Michael Hurlston said the company was “disappointed” with the results, and he pointed in particular to a decline in gross profit margin, to 20.2% from 26.5% in the prior quarter.
SUNNYVALE, Calif. (AP) _ Finisar Corp. (FNSR) on Thursday reported a fiscal fourth-quarter loss of $18.3 million, after reporting a profit in the same period a year earlier. The results missed Wall Street expectations. For the current quarter ending in August, Finisar expects its per-share earnings to range from 10 cents to 16 cents.
Check out the companies making headlines after the bell: Shares of Adobe ADBE tumbled 3 percent in extended trading. The design software company reported better-than-expected earnings for the second quarter of its 2018 fiscal year and forecast strong third-quarter guidance.
Finisar (NASDAQ: FNSR ) unveils its next round of earnings Thursday. Here is Benzinga's everything-that-matters guide for the Q4 earnings announcement Earnings and Revenue Finisar EPS is expected to be ...
Finisar Corporation (NASDAQ:FNSR) is currently trading at a trailing P/E of 19.6x, which is lower than the industry average of 29.7x. While this makes FNSR appear like a great stockRead More...
The U.S. government banned U.S. companies from selling telecommunication equipment to China's ZTE in April, accusing the company of illegally doing business with Iran and North Korea. Reports over the past few weeks suggested the Trump administration would lift the ban, and a new Reuters report said an agreement has been reached in which ZTE would pay a $1-billion fine and place an additional $400 million in escrow for potential future violations.
Apple Inc. (NASDAQ:AAPL) CEO Tim Cook is making no bones about it. It was no surprise, then, that Apple’s World Wide Developer conference focused substantially on augmented reality. Using the familiar wooden tables installed at Apple Stores worldwide, ARKit superimposed virtual images on top of them.
The issues weighing on fiber optic networking stocks are many and varied, but they all seem to be of the short-lived variety.
Shares in optical-component makers climbed Friday amid a report the Trump administration has hammered out a deal with China to lift sanctions barring U.S. companies from selling devices to the telecom gear maker ZTE.
President Donald Trump tweeted Wednesday that the reversal on trade policy around ZTE Corp. does not indicate a slackened position on China trade negotiations. "The Washington Post and CNN have typically written false stories about our trade negotiations with China. Nothing has happened with ZTE except as it pertains to the larger trade deal.