|Bid||18.96 x 1300|
|Ask||18.97 x 900|
|Day's Range||18.50 - 19.23|
|52 Week Range||14.25 - 25.41|
|PE Ratio (TTM)||N/A|
|Earnings Date||Dec 5, 2018 - Dec 10, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||22.14|
The DSFP (Dual Small Form-Factor Pluggable) MSA (Multi-Source Agreement) Group has developed Rev. 1.0 Hardware Specification for the DSFP form factor module. The founding companies have addressed the technical challenges of doubling the SFP module density in the same footprint, while ensuring mechanical and electrical interoperability for optical transceivers produced by different manufacturers. The DSFP Hardware Specification Rev. 1.0 has been published on September 12, 2018 on the DSFP MSA web site (www.dsfpmsa.org). It includes complete electrical, mechanical and thermal specifications for module and host card, including connector, cage, power, and hardware I/O. Also included are operating parameters, data rates, protocols, and supported applications.
Speakers Focus on Challenges and Opportunities within the Optics Industry. SUNNYVALE, Calif. and ROME, Sept. 17, 2018-- Finisar Corporation. What: Finisar, a global technology leader in optical communications, ...
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.
SUNNYVALE, Calif., Sept. 06, 2018-- Finisar Corporation, a global technology leader for subsystems and components for fiber optic communications, today announced financial results for its first quarter ...
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.
Finisar (FNSR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.