Finisar Corp. (NASDAQ:FNSR)

Finisar reports 3Q17 Profit Surge
Finisar Corp. (NASDAQ:FNSR)
Author

11 March, 2017

In front of third-quarter earnings release on Thursday, Mar 09, 2017, 12 analysts are forecasting profits of $0.62 per share, with views ranging from an ultra-tight $0.6 to $0.63. In the final minutes of trading on Thursday, shares hit $34.90, more than doubling in the last 12 months. Over the last six months, Finisar Corporation's stock has been 47.57% and 146.29% for the year.

Finisar Co. (NASDAQ:FNSR) saw a large increase in short interest in February. Finally, Jefferies Group LLC upped their price objective on Finisar from $28.00 to $37.00 and gave the stock a "hold" rating in a report on Friday, December 9th. Public Employees Retirement System of OH boosted its stake in shares of Finisar by 12.9% in the second quarter.

While looking at the Earnings Estimates of the company, The Average Earnings Estimate for the Current Fiscal quarter is measured as $0.61 by 11 analysts. The institutional investor owned 2,776,697 shares of the company's stock after buying an additional 69,506 shares during the period. Similarly, the company guided fourth quarter revenue to be $360 - $380 million while Street is expecting $393.42 million. The firm owned 77,000 shares of the company's stock after buying an additional 63,100 shares during the period.

Jennifer Lopez's Dating Timeline: Here's the Comprehensive List of JLo's Husbands & Boyfriends
In the past, the 41-year-old Rodriguez has been linked to such high-profile women as Madonna, Cameron Diaz and Kate Hudson. FOX Sports announced Tuesday that Alex Rodriguez will join the network on a full-time basis beginning in 2017.


Debate on EU's future path to dominate upcoming summit
Poland had earlier proposed Polish member of European Parliament (MEP) Jacek Saryusz-Wolski for the position instead. Tusk was prime minister at the time. "We knew this would happen", Prime Minister Joseph Muscat told reporters.


Will Meryl Streep, Tom Hanks take on Pentagon Papers movie?
Fox and Spielberg's Amblin Entertainment will co-finance the project. Hanks, Streep and Spielberg boast a combined 9 Oscars between them.


However, William Blair analyst Dmitry Netis remains positive on Finisar shares, reiterating an Outperform rating.

March 10, 2016: FNSR reported Q3 earnings of $0.25, beating consensus estimates of $0.22. The stock's 50 day moving average price is $32.57 and its 200 day moving average price is $29.95. "Based on this investigation into the company's performance the analyst decides whether their stock is a "buy", sell" or hold. The company now has an average rating of Buy and an average target price of $38.91. By reviewing stock prices from the stock market history of the company and examining its analysts ratings can give an investment picture with updated information of stock which helps investors to make investing decision. Finally, Airain ltd bought a new stake in shares of Finisar Corporation during the second quarter worth $2,537,000. The shares were sold at an average price of $31.04, for a total transaction of $43,859.52. Oxford Asset Management boosted its stake in shares of Finisar Corporation by 267.9% in the second quarter. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Following the completion of the sale, the executive vice president now owns 248,663 shares in the company, valued at approximately $7,768,232.12. Also, CFO Kurt Adzema sold 35,888 shares of the firm's stock in a transaction dated Monday, February 13th. The company's stock had a trading volume of 836,695 shares. The disclosure for this sale can be found here. 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.


More news


  • 'Final Fantasy VII Remake' Will Have Action Based Battles

    'Final Fantasy VII Remake' Will Have Action Based Battles

    If the latter, this again suggests that 7R will draw generously from XV's rapid-fire, always-on approach to combat. The idea that a remake of Final Fantasy VII would not fit into a single release was there from the very beginning.
    97-Year-Old Twins Found Dead in RI Driveway

    97-Year-Old Twins Found Dead in RI Driveway

    John W. "Jack" Haley, Jr., who lived at the home on Opechee Drive, died in 1995 leaving behind a wife, Jean, and three children. The official cause of death has yet to be determined, but police believe the "extreme cold temperatures" played a factor.

    Kings add Iginla in bid to improve scoring punch

    Iginla, 39, is in the final year of his contract and can become an unrestricted free agent July 1. The Kings acquired the pick after trading left wing Dwight King to the Montreal Canadiens.
  • RadioShack Files for Bankruptcy

    RadioShack Files for Bankruptcy

    Chief Executive Officer Dene Rogers says it made progress in stabilizing operations since filing for bankruptcy in 2015. General Wireless , a joint venture of hedge fund Standard General and Sprint , acquired the chain in 2015.

    Dividend Growth Analysis of Office Depot, Inc. (ODP)

    The company reported $0.11 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.10 by $0.01. First Mercantile Trust Co. purchased a new stake in shares of Office Depot during the third quarter worth about $222,000.

    Wizards sign PG Brandon Jennings, who was waived by Knicks

    Brandon Jennings , an able passer and penetrator, can also dish assists to open shooters while drawing the defense to him. Though, he can create shots for teammates and push the ball. "I think he will just bring a lot of energy".
  • Indian doctors confirm 'world's heaviest woman' has lost 100kg

    Indian doctors confirm 'world's heaviest woman' has lost 100kg

    Eman Ahmed, believed to be the world's heaviest woman, successfully underwent a weight-loss surgery at Saifee Hospital. Abd El Aty was transported on a mini-truck to the airport, where she was flown on a chartered plane to India.
    What Wall Street is saying about Advanced Micro Devices, Inc. (NASDAQ:AMD)

    What Wall Street is saying about Advanced Micro Devices, Inc. (NASDAQ:AMD)

    Ameritas Investment Partners Inc. increased its stake in shares of Advanced Micro Devices by 86.1% in the third quarter. Separately, Rosenblatt Securities initiated coverage on Advanced Micro Devices in a report on Wednesday, February 22nd.
    LeEco clarifies 'wind-up mode' rumors; says launches lined up

    LeEco clarifies 'wind-up mode' rumors; says launches lined up

    LeEco India chief operating officer Alex Li said there were no plans to exit the Indian market. Its flagship models won't be launched in India, he said .
  • Several people injured in axe attack

    Several people injured in axe attack

    She claimed the victim was just 13-years-old, saying: "I helped her get the wound and called her father". Witnesses say a man armed with an axe started hitting people with the weapon at the train station.
    New TSA Pat-Down Procedures In Place At BWI, Airports Across Country

    New TSA Pat-Down Procedures In Place At BWI, Airports Across Country

    Passengers can also request the screening be conducted in a private area and that a witness be present. Now, there will only be one type of pat-down, and it's got " enhanced security measures ".

    Trade surplus slumps to $1.3b in shock result

    Australia has not seen a recession - defined as two consecutive quarters of negative growth - since June 1991. The Australian economy reversed a decline in Q3 of 2016 to post a surprise, but welcome, growth of 1.1%.