Finisar Corporation (FNSR)

[mlkrborn]

FNSR down to $14,00s 52 weeks low level..
By Rex Crum, MarketWatch
SAN FRANCISCO (MarketWatch) — Optical-networking companies, which are typically among the most-volatile in all of the tech sector, found themselves facing the ire of investors Thursday following a disappointing earnings report and quarterly outlook from Finisar Corp.

Finisar FNSR -16.81% shares fell $3.48, or almost 20%, to $14.33 after the company said late Wednesday that it earned $16.4 million, or 17 cents a share, on revenue of $236.9 million. Excluding one-time items, Finisar would have earned 33 cents a share, to meet the estimates of analysts surveyed by FactSet Research.

FNSR 14.75, -2.98, -16.81%

5040302010
JASON11FMAMJ
However, analysts had also forecast Finisar to post sales of $242.8 million. And for its current, fiscal first quarter, Finisar said it expects to earn between 16 cents and 20 cents a share, on revenue of $221 million to $236 million, far below analysts’

[VeronicaFox]

Thanks, Tex! I was as shocked as anyone....but happy :)

[TexasTea666]

Good move!

[VeronicaFox]

You were right...FNSR is up nicely this week :)

[Lookatthesky]

Poised for a pop in the coming days?

I think so...

[TexasTea666]

No I haven't bought any yet. I don't like the lawsuits piling up.

[Potomac]

Just curious, did you get any FNSR today. I did, but not so sure it was a good move...what do you think?

[VeronicaFox]

lol, I've been there...

Best of luck to you as well!

[TexasTea666]

I had to average down on CEDC and will have to free up cash before I can play this one. Been watching it though but I can't play them all at the same time. lol

Good luck!

[VeronicaFox]

I averaged down today, bringing my average to just under $23. Time will tell if it turns out to be a good move.

[TexasTea666]

Watching myself for an entry.

[momentum74]

23.50 Flat now.going out for the weekend. Take care guys

[momentum74]

Bought some here. For a bounce. 23.25

[kingsransome]

think mm want $19,,if so im buyin...

[mlkrborn]

You didnt add the critical part: 4th Q weak expectations which caused SP to shed $14.00! Amazing drop! This all space has been problematic for investors tho telecom sector is strengthenig and it had triple gains last year.. It is $40 stock for the time being. How about presplit value?
There was a Reverse split with FNSR,JDSU etc?
\
UPDATE: Finisar 3Q Profit More Than Triples; 4Q Forecast Weak
Date : 03/08/2011 @ 7:20PM
Source : Dow Jones News
Stock : Finisar Corp. (FNSR)
Quote : 25.95 -14.09 (-35.19%) @ 7:22AM

UPDATE: Finisar 3Q Profit More Than Triples; 4Q Forecast Weak
Finisar Corp. (MM) (NASDAQ:FNSR)
Intraday Stock Chart

Today : Wednesday 9 March 2011
Click Here for more Finisar Corp. (MM) Charts.

(Updates to include context about share price drop in paragraphs 1 and 2, more details on Finisar's forecast in paragraph 3, comments from an executive in paragraphs 4, 5 and 6, and market commentary in paragraph 7.)

Finisar Corp.'s (FNSR) fiscal third-quarter earnings more than tripled and adjusted results were in line with company estimates, but shares of the fiber-optic equipment maker tumbled more than 30% after-hours after it offered a weak forecast for the current quarter.

Shares of the Sunnyvale, Calif.-based company sagged 35.2%, to $25.94 in the after-hours session, after the company said current-quarter earnings would likely be between 31 cents to 35 cents a share on revenue of $235 million to $250 million. Analysts surveyed by Thomson Reuters expect 48 cents on $269 million.

Finisar blamed the weak fourth-quarter forecasts on price negotiations with its telecom customers that usually take effect Jan. 1, as well as a 10-day shutdown at certain customers for Chinese New Year in February. It also said expected inventory adjustments had affected its view.

In a conference call to discuss the earnings, Executive Chairman Jerry S. Rawls said the fundamentals for his company remained strong, even though it faced a tough patch.

"The underlying drivers for bandwidth and our position as the industry leader continue to remain strong," Rawls said, according to a transcript of the call. "However, for next quarter there are some contrary factors at work."

In addition to the price reduction negotiated for telecoms customers, Rawls said the company expected some of its thicker margin products wouldn't sell as well.

However, Rawls cited LightCounting LLC statistics that suggest the company's addressable markets will grow 15% to 20% over the next three years.

Shares of chief competitor JDS Uniphase Corp. (JDSU) also plunged 14%, to $21.85 in after-hours action. Another optical company, Oclaro Inc. (OCLR), saw shares drop 13%, to $14.50 after hours.

The second-biggest fiber-optic equipment maker behind JDS has seen its results improve of late, amid what the company has called a "very strong" market environment. The company also has boosted its margins in recent quarters.

For the quarter ended Jan. 30, Finisar reported a profit of $18.8 million, or 22 cents a share, up from $5.5 million, or 8 cents, a year earlier. Excluding items such as stock compensation, debt conversion expense and a litigation settlement, earnings were 47 cents, up from 17 cents. Revenue jumped 58%, to $263 million.

The company in December had forecast earnings of 45 cents to 47 cents on revenue of $247 million to $262 million, above analysts' views at the time.

Gross margin rose to 32% from 31%.

Finisar shares closed at $40.04, and have more than tripled in value in the past year.




-By Nathan Becker and Andrew Morse, Dow Jones Newswires; 212-416-2855; [e-mail];

[Kirk]

4:29PM Finisar reports EPS in-line, beats on revs; guides Q4 EPS, revs below consensus (FNSR) 40.04 : Reports Q3 (Jan) earnings of $0.47 per share, excluding non-recurring items, in-line with the Thomson Reuters consensus of $0.47; revenues rose 57.6% year/year to $263 mln vs the $257.9 mln consensus. Non-GAAP gross margin decreased to 34.7% of revenues from 35.5% in the preceding quarter but increased from 32.2% in the third quarter of the prior year. Co issues downside guidance for Q4, sees EPS of $0.31-0.35, excluding non-recurring items, vs. $0.48 Thomson Reuters consensus; sees Q4 revs of $235-250 mln vs. $268.55 mln Thomson Reuters consensus. During Q4, the co will be impacted by the full three months of the annual price negotiations with telecom customers that typically take effect on January 1, the 10-day long shutdown at certain customers for Chinese New Year in February, the adjustment of inventory levels at some telecom customers, particularly for products which had previously been on allocation and long lead times, including WSS and ROADM line cards, and a slowdown in business in China overall.

[Kirk]

Finisar to Announce Third Quarter Financial Results

Finisar Corporation (NASDAQ: FNSR), a global technology leader for fiber optic subsystems and components for communication applications, confirmed that it will announce its third quarter results for the period ended January 30, 2011, at the close of market on Tuesday, March 8, 2011. The announcement will be followed by a conference call with analysts at 2:00 p.m. PST/5:00 p.m. EST.

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 1-888-609-5698 or International [phone]. Conference ID 9631182.

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 [phone] (international) and then, following the prompts, enter conference ID 9631182 and provide your name, affiliation, and contact number.

About Finisar
Finisar Corporation (NASDAQ: FNSR) is a global technology leader for fiber optic subsystems and components that enable high-speed voice, video and data communications for telecommunications, networking, storage, wireless, and cable TV applications. For more than 20 years, Finisar has provided critical optics technologies to system manufacturers to meet the increasing demands for network bandwidth and storage. Finisar is headquartered in Sunnyvale, California, USA with R&D, manufacturing sites, and sales offices worldwide. For additional information, visit http://investor.finisar.com.

Investor Contact
Kurt Adzema
Executive Vice President and CFO
+1.408.542.5050
[e-mail]

Media Contact
Victoria McDonald
Corporate Communications
+1.408.542.4261
[e-mail]

[Randy1960]

(OT)Hey Kirk, Lakshman Achuthan will be on Brinker's show this weekend:
http://www.businesscycle.com/news/events/2101?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+EcriNews+%28ECRI+News%29&utm_content=My+Yahoo

[Kirk]

Funny Stifel Nicolaus upgraded their FNSR target to $41 when it is just below $40...

Finisar Target Price Changed by Stifel Nicolaus’s Analysts – NASDAQ:FNSR
Tuesday, February 8th, 2011

Finisar Corporation (NASDAQ:FNSR) recently achieved its fifty two week high price for the second consecutive day on February 7, 2011. Equities research analysts at Stifel Nicolaus reiterated FNSR by raising their price target on shares of FNSR to $41 in a research note to investors on February 4, 2011.

FNSR after opening at $38.80 hit record 52 week high price of $40.75 and then closed at $38.93 by scoring -0.10%. It traded 4.06 million shares which were more than average volume of 3.03 million shares.

FNSR generated revenue of 804.25 million in the following twelve months and earned $72.93 million. The Company showed a positive 9.07% in the net profit margin and as well as in its operating margin which remained 10.19%. Company’s annual sales growth for the past five year was 17.53%.

The FNSR past twelve months price to sales ratio was 3.91 and price to cash ratio remained 17.01. As far as the returns are concern, the FNSR return on equity was recorded as 24.13% and dropped 17.16% return on investment while its return on asset stayed at 12.96%.

The stock showed weekly upbeat performance of 16.91% which was maintained for the month at 20.71%. Likewise the positive performance for the quarter was recorded as 101.81% and for the year was 287.75% while the YTD performance remained at 31.12%.

The liquidity measure in recent quarter results of the company was recorded 3.87 as current ratio and on the other side the debt to equity ratio was 0.28 and long-term debt to equity ratio also remained 0.27. The Company had total cash at hand $184.93 million and a book value per share as $5.50 in the most recent quarter.

The stock price volatility was 4.33% for a week and 4.98%

http://techweek.org/32601finisar-target-price-changed-by-stifel-nicolauss-analysts-nasdaqfnsr.html

 
 Day        Date       Open       High        Low      Close      Volume 
 === =========== ========== ========== ========== ========== =========== 
 Tue 08-Feb-2011    39.1500    39.2100    38.1700    38.9500     2183308 
 Mon 07-Feb-2011    38.8000    40.7500    38.4000    38.9300     4058809 
 Fri 04-Feb-2011    38.6300    39.9000    37.4700    38.9700     7295621 
 Thu 03-Feb-2011    34.4800    34.7300    33.8000    34.4300     1659933 
 Wed 02-Feb-2011    34.0600    34.9800    34.0200    34.4300     1694204 
 Tue 01-Feb-2011    33.6800    34.8500    33.6800    34.3100     3036312 
 Mon 31-Jan-2011    32.3000    33.6000    32.2300    33.3000     3684647 
  
 

[Kirk]

Finisar testing a 5 year high

[Kirk]

Finisar hit $40.75 today then backed off to close down a tad. Not bad after Friday's huge jump.

 
 Day        Date       Open       High        Low      Close      Volume 
 === =========== ========== ========== ========== ========== =========== 
 Mon 07-Feb-2011    38.8000    40.7500    38.4000    38.9300     4058809 
 Fri 04-Feb-2011    38.6300    39.9000    37.4700    38.9700     7295621 
 Thu 03-Feb-2011    34.4800    34.7300    33.8000    34.4300     1659933 
 Wed 02-Feb-2011    34.0600    34.9800    34.0200    34.4300     1694204 
 Tue 01-Feb-2011    33.6800    34.8500    33.6800    34.3100     3036312 
 Mon 31-Jan-2011    32.3000    33.6000    32.2300    33.3000     3684647 
 

[Kirk]

JDS Uniphase CEO Discusses F2Q2011 Results - Earnings Call Transcript
http://seekingalpha.com/article/250790-jds-uniphase-ceo-discusses-f2q2011-results-earnings-call-transcript?source=yahoo

JDS Uniphase Longs Jump on the Telecom Express
http://seekingalpha.com/article/250820-jds-uniphase-longs-jump-on-the-telecom-express?source=yahoo

[Kirk]

From Briefing.com: 4:08PM (yesterday) JDS Uniphase beats by $0.10, beats on revs; guides Q3 revs above consensus (JDSU) 17.93 +0.01 : Reports Q2 (Dec) earnings of $0.29 per share, $0.10 better than the Thomson Reuters consensus of $0.19; revenues rose 16.0% year/year to $477.2 mln vs the $438.6 mln consensus. Non-GAAP gross margins were 48.8%. Co issues upside guidance for Q3, sees Q3 revs of $440-460 mln vs. $420.84 mln Thomson Reuters consensus.

[OAKTRADES]

Time for a drop

[RobertG]

test

[OAKTRADES]

Popped up on my scans looks like it might bounce here.

[f5574dm]

Nice up day.

[f5574dm]

down some ????? why

[bolivar]

out ayer stoploss 9,4$

[f5574dm]

Stock looking good after RS

[bolivar]

1,33 FNSR HIGHER EN HIER LEVELS COMING

[bolivar]

fnsr 1,15$ nice

[bolivar]

1$ en holding my schares.
grts

[Dinero709]

Finisar 1Q Profit Surges; Plans 1-for-8 Reverse Stock Split
Thursday 09/10/2009 4:51 PM ET - Dow Jones News

DOW JONES NEWSWIRES

Finisar Corp. (FNSR) fiscal first-quarter profit soared due to a $36 million gain from an asset sale, but the company posted lower margins and revenue came in below expectations.
Finisar separately said its board approved a 1-for-8 reverse split of its common stock, which will take effect after the market closes on Sept. 25, as it looks to boost investor appeal.
The company's shares traded over a $1 Thursday for the first time since October and have more than doubled in value this year. Still, the stock, which fell 7.8% to 94 cents in after-hours trading, is significantly under the all-time high of over $50 in 2000.
The company has been shuffling its business recently - acquiring Optium Corp. last year but selling off its network tools division to JDS Uniphase Corp. (JDSU) in July. Finisar and other broadband product producers have been hurt as telecom operators slow spending on information technology.
For the quarter ended Aug. 2, the second-largest fiber-optic equipment maker after JDS reported earnings of $26 million, or 5 cents a share, up from $2.8 million, or less than a penny a share.
The latest results included a gain from the sale of its network tools division. Excluding that and other items, earnings from continuing operations were break-even, compared with a year-ago profit of a 3 cents a share. Analysts polled by Thomson Reuters expected break-even results.
Revenue jumped 11% to $128.7 million, below the company's improved estimate last month of about $134 million.
Gross margin, which has declined in recent quarters, slumped to 22.8% from 35.2%.
Excluding revenue from the Optium merger, optical-product revenue fell 14% from a year earlier.

[Dinero709]

Great News out....It turns out that FNSR actually exceeded analysts revenue expectations:

We did announce preliminary revenues for the quarter of $134 million including Network Tools on August 4th. The final revenue number was in fact $135.5 million including $6.8 million from Network Tools for a partial quarter and $128.7 million from optics. Due to the rules of accounting in these situations we are forced to recognize just the optics portion of revenues at the top line. While some companies may report their non-GAAP results with that higher revenue number, we think the focus should be on the core operating results of the company and Network Tools is obviously no longer part of that story.

http://seekingalpha.com/article/160910-finisar-corp-f1q10-qtr-end-08-02-09-earnings-call-transcript?source=yahoo&page=2

The below was what was originally stated on AP :

Revenue increased 11 percent to $128.7 million from $115.8 million in the year-earlier period, including an 11 percent rise in revenue from the company's optics business -- an increase that reflects the company's acquisition of rival Optium last year.

Analysts polled by Thomson Reuters, on average, expected the company to break even on revenue of $129.2 million. Analysts' estimates generally exclude one-time items.



Above is not completely accurate..we exceeded analysts expected revenue (135.5 million), they just did not post the non gapp results with the higher #! GO FNSR.

[Dinero709]

Finisar Corporation Announces First Quarter Financial Results
Retires Additional Notes Following Completion of Exchange Offer

SUNNYVALE, CA, Sep 10, 2009 (MARKETWIRE via COMTEX News Network) -- Finisar Corporation (NASDAQ: FNSR), a global technology leader for fiber optic subsystems and components for communication applications, today announced financial results for its first fiscal quarter ended August 2, 2009. In an earlier announcement dated August 4, 2009, Finisar indicated that its preliminary revenues for the quarter, including revenues from the operations of the Network Tools Division prior to its sale, would total approximately $134 million. Final revenues for the quarter totaled $135.5 million including $6.7 million from the operations of the Network Tools Division.

Highlights for the quarter per GAAP include the following:

-- Total optics revenues increased to $128.7 million, up $21.3 million,
or 19.8%, from $107.5 million in the preceding quarter and up $13.0
million, or 11.2%, from $115.8 million in the first quarter of the prior
year; the increase from the first quarter of the prior year includes the
impact of the Optium merger completed on August 29, 2008;

-- Excluding approximately $28.8 million of additional revenues in the
quarter as a result of the Optium merger, optics revenues were $99.9
million, up $17.6 million, or 21.3% from $82.3 million in the preceding
quarter and down $15.9 million, or 13.7%, from $115.7 million in the first
quarter of the prior year prior to the merger (a revenue record for the
Company at that time); Revenues from the sale of products for 10/40 Gbps
applications increased to $51.9 million, up $11.3 million, or 27.8%, from
$40.6 million in the preceding quarter and up $19.7 million, or 61.1%, from
$32.2 million in the first quarter of the prior year primarily due to the
Optium merger;

-- Gross margin from continuing operations was 22.8%, an increase from
21.6% in the preceding quarter and a decrease from 35.2% in the first
quarter of the prior year;

-- Operating loss from continuing operations was $8.8 million, or (6.8)%
of revenues, compared to an operating loss of $10.9 million, or (10.1)% of
revenues in the preceding quarter (before a charge for the impairment of
goodwill and current technology) and operating income of $7.9 million, or
6.8% of revenues, in the first quarter of the prior year;

-- A loss of $11.1 million, or $(0.02) per share, from continuing
operations compared to a loss of $27.0 million, or $(0.06) per share, in
the preceding quarter including a $13.2 million charge for the impairment
of goodwill and current technology in the preceding quarter, and income of
$2.9 million, or $0.01 per share, in the first quarter of the prior year;

-- Income net of taxes from discontinued operations was $37.1 million, or
$.07 per diluted share, reflecting the gain on the sale of the assets of
the Network Tools Division in the quarter and compared to $1.2 million, or
$0.00 per share, in the preceding quarter and a loss of $125,000, or
$(0.00) per share, in the first quarter of the prior year; and

-- Cash and short-term investments, plus other long-term investments that
can be readily converted into cash, totaled $60.4 million at the end of the
first quarter compared to $37.2 million at the end of the prior quarter
reflecting the sale of the Network Tools business in the quarter for $40.6
million in cash and the lack of sales of accounts receivable under the
Company's credit accounts receivable credit facility which sales totaled
$15.7 million in the prior quarter. The Company continues to maintain a
secured credit facility totaling $45.0 million under which $3.4 million was
used for letters of credit while no borrowings were outstanding at the end
of the quarter. Finisar has classified certain of its investments as long-
term based on its intent to hold these securities until maturity, although
they can be readily sold if required.

[I- B- N]

FNSR - Restatement of MaryKateAustin's Post

( Friday will be a good PayDay ! (IMO))

Preliminary revenues

SUNNYVALE, CA -- (Marketwire) -- 08/04/09 -- Finisar Corporation (NASDAQ: FNSR), a global technology leader for fiber optic subsystems and components for communication applications, today announced that, on the basis of preliminary financial results, it expects to report revenues of approximately $134 million for its first quarter ended August 2, 2009 compared to its communicated guidance of $120 to $130 million. The results for the quarter include approximately $7 million in revenues from its former Network Tools business, which was sold July 15, 2009.

The announced revenues are preliminary and subject to adjustment. In addition, under generally accepted accounting principles, revenues recognized during the quarter from the recently sold Network Tools business will be reclassified as "results from discontinued operations" in reporting the Company's final financial results.

Highlights for the quarter:

-- Total revenues, including revenues from discontinued operations, are
expected to be approximately $134 million, an increase of approximately
$17.3 million, or 15%, from $116.7 million in the preceding quarter and
approximately $5.3 million, or 4%, from $128.7 million in the prior year
period;--

Optics revenues are expected to be approximately $127 million, an
increase of $19.5 million, or 18%, from $107.5 million in the preceding
quarter and $11.2 million, or 10%, from $115.8 million in the prior year
period.

The Company noted that product revenues for 10Gb/s applications
and ROADMs were particularly strong during the quarter.

CONFERENCE CALL

Finisar will discuss its financial results for the first fiscal quarter and its business outlook during a regular quarterly conference call currently scheduled for Thursday, September 10, 2009, at 2:00 p.m. PDT/5:00 EDT. To listen to the call you may connect through the investor page of Finisar at www.finisar.com or dial [phone] (domestic) or [phone] (international) and enter conference ID 23224474.

A replay of the webcast will be available shortly after the conclusion of the call on the Company's website until the next conference call to be held approximately 90 days from today. An audio replay of the call will be accessible to the public by calling [phone] (domestic) or [phone] (international) and then, following the prompts, enter conference ID 23224474 and record your name, affiliation, and contact number. The audio replay will be available for 30 days following the call.

[IIIverson]

This stock better keep going UP.

I LOVE IT!

[bolivar]

next week break 1$

[read_this_n0w]

FNSR chart
earnings this week sept 4th,with pre announced revenue pr in august at and above top of analyst estimates, so goes to outlook
fibre optics might be seeing end of the low end of their cycle

good CC then nice price outlook

[read_this_n0w]

Still expect good outlook on the cc on sept 4th,
revenue pre announcement was good.
and others like jdsu doing well as well.

might be the low of the cycle for the fibre optics sector

.63 entry here

[bolivar]

am in from 0.68 soon whe go back too 1$

[MaryKateAustin]

FNSR Chart: News

SUNNYVALE, CA -- (Marketwire) -- 08/04/09 -- Finisar Corporation (NASDAQ: FNSR), a global technology leader for fiber optic subsystems and components for communication applications, today announced that, on the basis of preliminary financial results, it expects to report revenues of approximately $134 million for its first quarter ended August 2, 2009 compared to its communicated guidance of $120 to $130 million. The results for the quarter include approximately $7 million in revenues from its former Network Tools business, which was sold July 15, 2009.

The announced revenues are preliminary and subject to adjustment. In addition, under generally accepted accounting principles, revenues recognized during the quarter from the recently sold Network Tools business will be reclassified as "results from discontinued operations" in reporting the Company's final financial results.

Highlights for the quarter:

-- Total revenues, including revenues from discontinued operations, are
expected to be approximately $134 million, an increase of approximately
$17.3 million, or 15%, from $116.7 million in the preceding quarter and
approximately $5.3 million, or 4%, from $128.7 million in the prior year
period;-- Optics revenues are expected to be approximately $127 million, an
increase of $19.5 million, or 18%, from $107.5 million in the preceding
quarter and $11.2 million, or 10%, from $115.8 million in the prior year
period. The Company noted that product revenues for 10Gb/s applications
and ROADMs were particularly strong during the quarter.

CONFERENCE CALL

Finisar will discuss its financial results for the first fiscal quarter and its business outlook during a regular quarterly conference call currently scheduled for Thursday, September 10, 2009, at 2:00 p.m. PDT/5:00 EDT. To listen to the call you may connect through the investor page of Finisar at www.finisar.com or dial [phone] (domestic) or [phone] (international) and enter conference ID 23224474.

A replay of the webcast will be available shortly after the conclusion of the call on the Company's website until the next conference call to be held approximately 90 days from today. An audio replay of the call will be accessible to the public by calling [phone] (domestic) or [phone] (international) and then, following the prompts, enter conference ID 23224474 and record your name, affiliation, and contact number. The audio replay will be available for 30 days following the call.

[hopetowin]

Trying to determine if this is a good investment after they sold their tool business -- which was profitable.
Stock doesn't seem to be going anywhere.
Studied their website. They look ok. But I am not sure.
Are they too much in debt? What is their problem right now.

[f5574dm]

Bought more today. eom

[f5574dm]

Time to double up on FNSR.

[ItsMyOption]

I agree as I added the other day at .47 FNSR should move up nice from here

[f5574dm]

Hoping FNSR back to a buck.

[f5574dm]

Time to buy back in.

[read_this_n0w]

yes it is, you realize those comments were off topic here and about INSM - insmed ?

Still tracking fnsr, occasional swing