|Bid||0.00 x 800|
|Ask||0.00 x 2900|
|Day's Range||16.82 - 17.49|
|52 Week Range||14.25 - 25.41|
|Beta (3Y Monthly)||0.92|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Moody's Investors Service ("Moody's") has upgraded the ratings on two classes, affirmed the ratings on two classes and downgraded the rating on one class in Bear Stearns Commercial Mortgage Securities ...
The VCSEL, or vertical cavity surface-emitting laser, market continues to experience "drama" and BlueFin Research Partners is compiling data and commentary from the VCSEL segment in an attempt ...
Finisar (FNSR) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Shares of Applied Optoelectronics Inc. are down 12.7% in Friday morning trading after the company cut its revenue forecast owing to a problem with a small portion of 25G lasers related to a specific customer. Piper Jaffray analyst Troy Jensen thinks the rest of the industry looks fine and argued that Finisar Corp. might have benefited by the quality issues at Applied Opto. Finisar's stock is up 0.5% in Friday's session. "We believe Applied Opto's negative preannouncement was a company specific quality problem with overall industry datacom optical transceiver demand in line with expectations for the quarter, but potential share gains for Finisar in Q3," Jensen wrote. He has a neutral rating on Applied Opto shares and an overweight rating on Finisar's stock. Applied Opto shares are down 61% over the past 12 months, while the S&P 500 has gained 16%.
Finisar (FNSR) focuses on expanding its broad product line of optical subsystems through dedicated R&D activities to meet the evolving customer needs. This augurs well for its long-term growth.
Optical component manufacturers present a bullish opportunity in 2019 but are less attractive investments in the near-term, according to Morgan Stanley. The Analyst Analyst Meta Marshall downgraded shares ...
Healthy job growth data exhibiting signs of a strengthening economy and optimism from a U.S. proposal to initiate trade talks with China fueled uptrend in telecom stocks.
Shares of Finisar Corp. and Ciena Corp. are down 4.2% and 2.8%, respectively, in premarket trading Thursday after Morgan Stanley analyst Meta Marshall downgraded the stocks to equal-weight from overweight. "Finisar and Ciena have closed the short-term valuation gaps that we believed existed," Marshall wrote. "While we think both stocks could continue to move toward our bull cases, we think those catalysts for further positive moves are in CY19, causing us to move to the sidelines for now." Marshall thinks that Finisar will need to first get its Sherman facility certified and turn its new data-communications product into a meaningful revenue driver in order for Morgan Stanley to have more confidence in the company's earnings power. Finisar shares are down 10.5% over the past 12 months, while Ciena shares are up 44%. The S&P 500 is up 16% in that time.
Apple Inc introduced its largest-ever iPhone and a watch that detects heart problems on Wednesday in an attempt to get customers to upgrade to more expensive devices in the face of stagnant global demand for smartphones. The strategy has been successful, helping Apple's stock to rise more than 30 percent this year and making it the first publicly traded U.S. company to hit a market value of more than $1 trillion. Apple's new iPhone XS, pronounced "ten S," has a 5.8-inch (14.7-cm) screen, and will be sold at a starting price of $999.
The company's chief accounting officer resigned after a month on the job, and CEO Elon Musk appeared to smoke marijuana during an interview. Stocks fell across the utility industry after a jump in bond yields drew buyers away from dividend-paying companies.
Shares of Finisar Corp. are up 10.8% in Friday's session, and they're currently trading at their highest levels since January. The optoelectronics company reported an earnings beat Thursday and delivered a higher-than-expected earnings outlook. Jefferies analyst George Notter wrote that he saw "positive changes from the company" on the cost-cutting front, including with plans to outsource some manufacturing and trimming smaller product lines. He remains upbeat on Finisar's prospects and sees the company as a play on an optical-market recovery amid low expectations. Notter rates the stock a buy with a $23 price target. Piper Jaffray's Troy Jensen also cheered the results, writing that "improving demand trends coupled with easy comps should reaccelerate revenue growth through the remainder of 2018 and into 2019." He rates the stock overweight with a target price of $26. The stock is down 5.5% over the past 12 months, while the S&P 500 has climbed 17%.
Here are some of the companies with shares expected to trade actively in Friday’s session. Check back closer to the market open for an updated list. Verizon Communications Inc.—Down 0.8%: Tim Armstrong, the leader of Verizon’s media and advertising business, is in talks to exit, The Wall Street Journal reported.
Finisar (FNSR) delivered earnings and revenue surprises of 50.00% and 0.43%, respectively, for the quarter ended July 2018. Do the numbers hold clues to what lies ahead for the stock?
SUNNYVALE, Calif. (AP) _ Finisar Corp. (FNSR) on Thursday reported a fiscal first-quarter loss of $18.5 million, after reporting a profit in the same period a year earlier. On a per-share basis, the Sunnyvale, California-based company said it had a loss of 16 cents. The results exceeded Wall Street expectations.
Shares of Finisar Corp. (fnsr) were up 7.7% in after-hours trading Thursday after the optoelectronics company reported better-than-expected July-quarter results and delivered an earnings forecast that exceeded analyst projections. Finisar expects revenue of $315 million to $335 million for its fiscal second quarter, while analysts were expecting $333 million. The company projects adjusted earnings per share of 19 cents to 25 cents, compared with the FactSet consensus of 18 cents.
Investors might be ready to ignore their earnings calendar at this point. Earnings season is pretty much over now that most retailers have released fiscal Q2 numbers. It would seem like there are more no key earnings reports until mid-October, when Q3 reporting begins.