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$FNSR good read Finisar Corporation Nasdaq Fnsr Short Squeeze
I’ll buy back in next week when day traders dump shares. Thanks for the gains!
FNSR around current levels is extremely attractive!!!
Finisar's industry-leading products include optical transceivers, optical engines, active optical cables, optical components, optical instrumentation, ROADM & wavelength management, optical amplifiers, and RF-over-Fiber.
Its world-class products enable high-speed voice, video and data communications for networking, storage, wireless, and cable TV applications, and for more than 25 years has created critical breakthroughs in optics technology and supplied system manufacturers with the production volumes needed to meet the exploding demand for network bandwidth.
Apple, Inc. (AAPL) announced it's giving Finisar Corporation (FNSR) $390M to build a new 700,000-square-foot manufacturing plant in Sherman, Texas. Finisar is going to hire 500 people to work on the laser sensor in the TrueDepth camera in the iPhone X.
The investment of Apple's commitment to invest $1B in U.S.-based companies with its Advanced Manufacturing Fund.
Apple says that Finisar is going to work on both research & development and high-volume production of optical communications components. The most complicated components are the vertical-cavity surface-emitting lasers (VCSELs) used in the iPhone X for Face ID, Animoji, Portrait mode and other face-mapping technologies. But Finisar also works on proximity sensors including the ones in the AirPods.
It's quite easy to understand why Apple is investing in Finisar. There are simply not enough suppliers in this field today. In the fourth quarter of 2017 alone, the Company will purchase 10 times more VCSEL wafers than the entire VCSEL production in the world during the fourth quarter of 2016. So Apple needs to foster production.
The new facility should be up and running at some point during the second half of 2018.
Prior to Apples announcement, FNSR's market cap was roughly $2.2B - trading at a forward P/E of just over 13 and a five year price to earnings growth rate of just over 1, and an intrinsic book value of 1.35. So, as you can see, even without Apple's investment, Finisar was arguably already somewhat undervalued. And with the Apple news, seals the attractive valuation metrics we like to look for when it comes to growth opportunities on a go-forward basis.
Further, Finisar has over $1.2B in cash on the books, and a management debt level of just over $720M. The Company increased 2017 earnings by over 500%, and is expected to grow its bottom line by over 15% over the next five years. This is all without the Apple deal, which now puts Finisar in the spotlight as the global technology leader in optical communications.
Currently trading at $16.65 we have a technical long term target right around $43.
Alex Green
VikingCrest
Finisar Corp $FNSR Dumps After U.S. Bans Sales To China's ZTE, Watch This Trade Level
This morning, many of the leading optical device makers are plunging lower on the session. The decline comes after the U.S. Commerce Department banned domestic companies from selling components to Chinese telecom gear maker ZTE. Leading optical device makers such as Finisar Corp (NASDAQ:FNSR), Lumentum Holdings Inc (NASDAQ:LITE), Oclaro Inc (NASDAQ-OCLR) and Acadia Communications (NASDAQ:ACIA) are all under early selling pressure today.
Finisar Corp (NASDAQ-FNSR) has been down trending since March 2017. At that time, FNSR stock traded as high as $35.00 a share. Today, FNSR stock is trading lower by 0.76 to $15.52 a share. Traders should note that the stock should have some very solid support around the $13.75 area. This is where the stock broke out on February 2016. Very often, past breakout levels will be defended when initially tested. Finisar Corp is expected to report earnings on May 1, 2018.
Nicholas Santiago
InTheMoneyStocks
18.60 after market here poor earnings and guidance. Glad I am not in.
Added under $19 this morning.....small position. Crazy action!
Just bought a starter here at 19.95 hope I want it.
The deal with Apple is huge. The time to buy is now while others are fearful. That's how you make money folks. Expect a double in '18
Happy New Year. Very strong today ... maybe APPLE is opening up their purse strings!
following up on Motley Fool. It seems I did get it right re the Motley Fools recommendation was for FNSR, re this announcement 11:32 AM today.:
"Apple's Millions Could Give Finisar A Massive Boost. Apple's Investment will boost Finisar's...
biotech: Who is our competition? TIA
$Pistol Pete: So what does it all mean?
just got a long presentation sales email from the Motley Food highly recommending a stock that sounds like FNSR. The never mentioned the price but referred to it's strong relationship with AAPL. Just a guess of mine.
If anyone subscribes to The Motley Fool could u check it out. If true, it could move nicely. TIA
In the meantime, Happy New Year. FYI I just took a position today.
$FNSR nice close after hour trade.
FNSR- Huge growth ahead for facial recognition which is a core business of FNSR, reason for Apple’s investment. This space does $500 million in sales in 2017, which will grow 10X in 5 years. Facial recognition will be used in everything - unlocking your car for example. Has a 13 PE. Earnings already!
$FNSR Apple Awards $390 Million to FaceID Tech Company Finisar
Source: Dow Jones News
By Cara Lombardo
Apple Inc. (AAPL) on Wednesday said it awarded $390 million to Finisar Corp. (FNSR), which produces technology used in Apple's facial-recognition.
The award, from Apple's Advanced Manufacturing Fund, will allow Finisar to increase research and development and production of its vertical-cavity surface-emitting lasers, or VCSELs. Finisar is Apple's second-largest supplier of VCSELs, which are used in several of Apple's new features on the iPhone X, including Portrait mode selfies, Apple said.
The news sent Finisar shares up 17% premarket.
Finisar last week said it had started shipping production quantities of the VCSELs. The device is critical to the Apple's FaceID recognition system, providing the 3D sensing capabilities that detect a face. Finisar plans a 700,000-square-foot production facility in Texas to produce VCSEL arrays.
Apple has said it will spend its $1 billion Advanced Manufacturing Fund investing in innovative production at domestic companies. Corning Inc. (GLW) received $200 million from the fund in May to expand high-tech glass processing, which was the fund's first award.
Write to Cara Lombardo at cara.lombardo@wsj.com
(END) Dow Jones Newswires
December 13, 2017 06:40 ET (11:40 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
Went up 15% after I got in
That was edgy though, don't cut yourself
A few months late on that bounce...!
How you feel about the fillings ? Just updated in the inbox.
...and sinking fast.... LOL
BIG NEWS...BIG NEWS...BIG NEWS...BIG NEWS...BIG NEWS...BIG NEWS...BIG NEWS...BIG NEWS...BIG NEWS...BIG NEWS...BIG NEWS...BIG NEWS...BIG NEWS...BIG NEWS...BIG NEWS...BIG NEWS...BIG NEWS...BIG NEWS...BIG NEWS...BIG NEWS...BIG NEWS...BIG NEWS...BIG NEWS...BIG NEWS...BIG NEWS...BIG NEWS...BIG NEWS...BIG NEWS...BIG NEWS...BIG NEWS...BIG NEWS...BIG NEWS...BIG NEWS...BIG NEWS...BIG NEWS...BIG NEWS...BIG NEWS...BIG NEWS...
I will let you know after the NEWS. For the record 79,044,666.00.
Hmmmmm... How did that turn out for you?
Finisar price target cut to $27 from $33 at RBC Capital
18.50 ' s possible
Down Heavy @ PM...and Huge Block Buying!!!
B Riley analyst slashes price target for Finisar
http://money.msn.com/business-news/article.aspx?feed=AP&date=20120612&id=15214497
June 12, 2012 1:05 PM ET
"Although the company believes its new products will enable the company's top-line to grow in the second half of calendar year 2012, it remains to be seen, as it is very difficult for new products to show traction during downturns," Kang wrote in a note to investors.
The analyst backed his "Buy" rating citing Finisar's current valuation, but cut his price target to $18.70 from $27.20, saying that the company's profits for fiscal 2013 and fiscal 2014 will be lower than he previously expected.
NAME LAST CHNG % CHNG
FNSR 13.31 -0.62 -4.45
Finisar Announces Fourth Quarter and Fiscal 2012 Financial Results
http://finance.yahoo.com/news/finisar-announces-fourth-quarter-fiscal-200000716.html
SUNNYVALE, CA--(Marketwire -06/11/12)- Finisar Corporation (FNSR), a global technology leader for subsystems and components for fiber optic communications, today announced financial results for its fourth quarter and fiscal year ended April 30, 2012.
COMMENTARY
"In our just completed fiscal fourth quarter, our revenues were $239.9 million. Continued strength in datacom revenues were offset by lower telecom revenues. The lower telecom revenues were primarily the result of sluggish carrier capital expenditures and the full three month impact of annual price reductions for telecom products. We were pleased that our gross margin for the quarter exceeded our guidance, resulting in earnings per diluted share which was at the upper end of our guidance range," said Jerry Rawls, Finisar's executive Chairman of the Board.
"We continued to invest in research and development and make good progress on a number of new innovative products, including additional customer qualifications of our tunable XFP transceivers and design wins for our Flexgrid wavelength selective switches, ROADM linecards, 40G and 100G products," said Eitan Gertel, Finisar's Chief Executive Officer. "While the current level of carrier capital expenditures has muted the near term revenue impact of these new products, we believe that this progress has set a strong foundation for revenue growth in the second half of 2012 and beyond."
FINANCIAL HIGHLIGHTS - FOURTH QUARTER ENDED April 30, 2012
Summary GAAP Results Fourth Third
Quarter Quarter
Ended Ended
April 30, 2012 Jan 29, 2012
-------------- --------------
(in thousands, except per
share amounts)
Continuing operations
Revenues $ 239,910 $ 242,954
Gross margin 27.3% 29.3%
Operating expenses $ 53,369 $ 59,794
Operating income $ 12,111 $ 11,308
Operating margin 5.0% 4.7%
Income $ 13,162 $ 8,909
Income per share-basic $ 0.14 $ 0.10
Income per share-diluted $ 0.14 $ 0.09
Basic shares 91,349 91,001
Diluted shares 94,780 94,032
Summary Non-GAAP Results (a) Fourth Third
Quarter Quarter
Ended Ended
April 30, 2012 Jan 29, 2012
-------------- --------------
(in thousands, except per
share amounts)
Continuing operations
Revenues $ 239,910 $ 242,954
Gross margin 31.4% 31.8%
Operating expenses $ 54,552 $ 53,289
Operating income $ 20,856 $ 23,973
Operating margin 8.7% 9.9%
Income $ 20,234 $ 21,878
Income per share-basic $ 0.22 $ 0.24
Income per share-diluted $ 0.21 $ 0.23
Basic shares 91,349 91,001
Diluted shares 98,528 97,781
FINANCIAL HIGHLIGHTS - FISCAL YEAR ENDED APRIL 30, 2012
Summary GAAP Results Fiscal Year Fiscal Year
Ended Ended
April 30, April 30,
2012 2011
------------ ------------
(in thousands, except per
share amounts)
Continuing operations
Revenues $ 952,579 $ 948,787
Gross margin 28.7% 32.9%
Operating expenses $ 234,018 $ 200,556
Operating income $ 39,326 $ 111,716
Operating margin 4.1% 11.8%
Income $ 38,140 $ 88,379
Income per share-basic $ 0.42 $ 1.10
Income (loss) per share-diluted $ 0.40 $ 1.00
Basic shares 90,823 80,582
Diluted shares 94,186 92,715
Summary Non-GAAP Fiscal Year Fiscal Year
Results (a) Ended Ended
April 30, April 30,
2012 2011
------------ ------------
(in thousands, except per
share amounts)
Continuing operations
Revenues $ 952,579 $ 948,787
Gross margin 31.9% 34.9%
Operating expenses $ 214,100 $ 183,294
Operating income $ 89,332 $ 147,744
Operating margin 9.4% 15.6%
Income $ 83,177 $ 138,748
Income per share-basic $ 0.92 $ 1.72
Income per share-diluted $ 0.87 $ 1.55
Basic shares 90,823 80,582
Diluted shares 97,935 92,715
SUNNYVALE, CA -- (Marketwire) -- 06/04/12 -- Finisar Corporation (NASDAQ: FNSR), a global technology leader in high-speed optical communications, confirmed that it will announce its fourth quarter and fiscal year 2012 financial results for the period ending April 30, 2012, at the close of market on Monday, June 11, 2012. The announcement will be followed by a conference call with analysts at 2:00 p.m. PDT/ 5:00 p.m. EDT.
Jerry Rawls, Finisar Corporation's executive Chairman of the Board; Eitan Gertel, Chief Executive Officer; and Kurt Adzema, Chief Financial Officer, will discuss financial results for the quarter and answer questions from analysts who follow the Company.
Internet access: See investor relations page at www.finisar.com.
Phone access: Domestic 1-888-740.6140 or International 1-913.312.0825. Conference ID.4874146
A replay of the webcast will be available on the investor relations page of the Company's website shortly after the call. An audio replay will be available for two weeks following the call by dialing 1-888-203-1112 (domestic) or +1-719-457-0820 (international) and then, following the prompts, enter conference ID 4874146 and provide your name, affiliation, and contact number.
Decided to go for a simple straddle. Strike 19.
GLTY All
FNSR 1Q earning are released tomorrow AMC..
So, any body with a view on buying options pre release.
Straddle?
action adheres lovely to earlier posting
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=65553727
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Disclosure: As of 2/9/11 I am long FNSR and recommend it in my newsletter. I have large gains since I recommended Finisar here on March 9, 2009 and have prices set for profit taking as well as buying back shares if the stock declines to my buy points.
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