|Bid||24.02 x 4000|
|Ask||24.94 x 2900|
|Day's Range||24.16 - 25.14|
|52 Week Range||15.81 - 25.14|
|Beta (3Y Monthly)||1.19|
|PE Ratio (TTM)||N/A|
|Earnings Date||Dec 2, 2019 - Dec 6, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||23.22|
After big gains for a stock, sell signals often arise. But don't count on the analyst community to tell you when it's happening.
NEW YORK , Sept. 20, 2019 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 effective prior to the open of trading on Thursday, ...
PITTSBURGH and SUNNYVALE, Calif., Sept. 20, 2019 -- II‐VI Incorporated (Nasdaq:IIVI) (“II-VI”), a global leader in engineered materials and optoelectronic components, and.
SUNNYVALE, Calif. and DUBLIN, Ireland, Sept. 19, 2019 -- Finisar Corporation (NASDAQ: FNSR) What: Finisar, a global technology leader in optical communications, today.
While Sprint (S) partners with Ericsson (ERIC) to offer improved video analytics solution, AT&T (T) collaborates with Starz for enriched video content for subscribers.
Finisar (FNSR) delivered earnings and revenue surprises of 0.00% and -7.93%, respectively, for the quarter ended July 2019. Do the numbers hold clues to what lies ahead for the stock?
SUNNYVALE, Calif., Sept. 04, 2019 -- Finisar Corporation (NASDAQ: FNSR), a global technology leader for subsystems and components for fiber optic communications, today.
SUNNYVALE, Calif., Sept. 03, 2019 -- Finisar (NASDAQ: FNSR) today introduced its WaveAnalyzer™ 1500S/L High Resolution Optical Spectrum Analyzer designed to inspect the.
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.
San Jose-based Synaptics named the former chief executive of Finisar as its new CEO. The former CEO of Synaptics, meanwhile, is heading over to Sunnyvale-based AMD.
Synaptics Inc. snagged Michael Hurlston to be its new chief executive, after his resignation from Finisar Corp. Synaptics announced the hire Monday afternoon, after Finisar announced his departure earlier in the day amid Finisar's acquisition by II-VI Inc. Synaptics announced in May that its chief executive would leave while warning about third-quarter earnings.
Finisar Corporation (FNSR), a global technology leader for subsystems and components for fiber optic communications, today announced that its Chief Executive Officer, Michael Hurlston, has informed the Board of Directors of his intention to resign his position with the company to pursue another opportunity. The Board of Directors has accepted Mr. Hurlston’s resignation and it will be effective immediately.
(Bloomberg Opinion) -- Just what is AMS AG up to?On Monday, the supplier to Apple Inc. made a short-lived, 3.7 billion-euro ($4.2 billion) effort to snatch Osram Licht AG from private equity firms Bain Capital and Carlyle Group LP, which had sewn up a lower-priced takeover of the German lighting-maker earlier this month.The abortive effort will underscore investor concerns about the company’s strategy under Chief Executive Officer Alexander Everke. The former NXP Semiconductors NV executive has spent billions of dollars trying to position AMS to capitalize on demand for new sensing technology used in the iPhone’s Face ID recognition system. But after his three years at the helm, the stock is trailing peers Finisar Corp. and Lumentum Holdings Inc.The flirtation with Osram was short and not particularly sweet. At 5:52 p.m. in London, Bloomberg News reported that AMS had made an offer for the Munich-based firm, some 11 days after Osram’s board accepted the private equity firms’ 3.4 billion-euro bid. Within 15 minutes, the target released a statement confirming it had received a non-binding offer from AMS. The company dismissed “the probability of this transaction materializing as rather low.” By midnight, AMS declared it was ending the takeover talks.Maybe the approach was an attempt to get a closer look at Osram’s books, or its 3-D sensing technology. If it was, then full credit to the lighting giant for calling Everke’s bluff, since financing for AMS’s bid wasn’t yet fully in place. While Osram said it would let the bidder perform due diligence, it was quick to emphasize that it could only do so under strict conditions.If it was a serious bid, then AMS shareholders have every right to feel bewildered. The target largely operates in the slowing automotive market, so would have hardly offset stagnating smartphone sales. Concern that the company may be more open to outsized and strategically questionable dealmaking than investors assumed helped to push the stock down by as much as 4.6% on Tuesday morning.Everke would have been asking for a lot of faith from investors to finance the deal. The company was planning to sell new stock – but would still have been left with net debt equivalent to about 27 times this year’s predicted free cash flow. This would have tried investor patience, which has already been sorely tested. AMS has spent $2 billion over three years buying companies and expanding production capacity to secure a dominant position supplying components for 3-D scanners in the latest generation of iPhones, only for sales of the handsets to promptly slow. AMS shares are 66% below their 2018 peak.In 2017, Everke predicted 2019 sales would exceed $2.7 billion, with an Ebit margin of at least 30%. After scrapping its dividend and year-ahead guidance figures in May, analysts now expect the company to report a 10% Ebit margin on sales of just $1.9 billion. Communication from management has been particularly poor, according to Hauck & Aufhaeuser Privatbank analyst Robin Brass.Everke’s short-lived move on Osram looks like a shot in the dark. If his big bet on smartphones isn’t paying off, he needs to shed some light on what his new strategy is.To contact the author of this story: Alex Webb at email@example.comTo contact the editor responsible for this story: Edward Evans at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Alex Webb is a Bloomberg Opinion columnist covering Europe's technology, media and communications industries. He previously covered Apple and other technology companies for Bloomberg News in San Francisco.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
Optical networking products company stocks surged in premarket trading Tuesday, as Cisco Systems Inc.'s deal to Acacia Communications Inc. for a hefty premium provided a boost. Shares of NeoPhotonics Corp. jumped 7.0% ahead of the open, Applied Optoelectronics Inc. rallied 8.9%, Lumentum Holdings Inc. climbed 3.9%, II-VI Inc. advanced 3.3% and Finisar Corp. hiked up 2.9%. The gains bucked weakness in technology sector and the broader stock market, as futures for the technology-heavy Nasdaq 100 fell 0.3% and futures for the S&P 500 declined 0.3%. Acacia's stock rocketed 37% in premarket trading, while Cisco shares fell 1.3%.
Finisar Corp NASDAQ/NGS:FNSRView full report here! Summary * ETFs holding this stock are seeing positive inflows * Bearish sentiment is moderate and increasing * Economic output for the sector is expanding but at a slower rate Bearish sentimentShort interest | NeutralShort interest is moderate for FNSR with between 5 and 10% of shares outstanding currently on loan. This represents an increase in short interest as investors who seek to profit from falling equity prices added to their short positions on July 5. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, growth of ETFs holding FNSR is favorable, with net inflows of $3.68 billion. This is among the highest net inflows seen over the last one-year and the rate of additional inflows appears to be increasing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Technology sector is rising. The rate of growth is very weak relative to the trend shown over the past year, and has continued to ease. However, the rate of expansion may accelerate in the coming months. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
PITTSBURGH and SUNNYVALE, Calif., July 05, 2019 -- II-VI Incorporated (NASDAQ: IIVI) (“II-VI”) and Finisar Corporation (NASDAQ: FNSR) (“Finisar”) jointly announced today that,.
The first quarter was a breeze as Powell pivoted, and China seemed eager to reach a deal with Trump. Both the S&P 500 and Russell 2000 delivered very strong gains as a result, with the Russell 2000, which is composed of smaller companies, outperforming the large-cap stocks slightly during the first quarter. Unfortunately sentiment shifted […]
While AT&T (T) secures spectrum licenses that cover about 98% of the U.S. population, Nokia (NOK) aims to improve the operational efficiency of Cleco with state-of-the-art packet-based architecture.