Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $17.41 USD
Change Today -0.06 / -0.34%
Volume 1.4M
FNSR On Other Exchanges
Symbol
Exchange
NASDAQ GS
Frankfurt
As of 8:10 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

finisar corporation (FNSR) Key Developments

Finisar Corporation Announces Auditor Changes

On June 29, 2015, the Audit Committee of the Board of Directors of Finisar Corporation dismissed Ernst & Young LLP as the company's principal accountant, effective immediately, thereby ending its audit relationship with E&Y. On June 29, 2015, the Audit Committee of the company's Board of Directors approved the engagement of BDO USA, LLP as the company's independent registered public accounting firm for the company's fiscal year ending May 1, 2016, effective immediately.

Finisar Corp. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended May 3, 2015; Provides Earnings Guidance for the First Quarter of Fiscal 2016; Provides Tax Guidance for the Fiscal Year 2016

Finisar Corp. announced unaudited consolidated earnings results for the fourth quarter and full year ended May 3, 2015. For the quarter, the company reported net income attributable to company of $7.3 million or $0.07 per diluted share on revenue of $320.0 million compared to net income attributable to company of $28.8 million or $0.28 per diluted share on revenue of $306.0 million reported in the same period last year. Income from operations was $10.3 million against $21.1 million reported last year. Income before income taxes and non-controlling interest was $11.5 million against $26.8 million reported last year. Non-GAAP operating income was $28.8 million against $38.9 million reported last year. Non-GAAP net income attributable to company of $26.9 million or $0.25 per diluted share against $37 million or $0.36 per diluted share reported last year. Non-GAAP EBITDA was $49.4 million against $56.6 million reported last year. Fourth quarter capital expenditures totaled $30.1 million. For the year, the company reported net income attributable to company of $11.9 million or $0.11 per diluted share on revenue of $1,250.9 million compared to net income attributable to company of $111.8 million or $1.09 per diluted share on revenue of $1,156.8 million reported in the same period last year. Income from operations was $26.8 million against $111.4 million reported last year. Income before income taxes and non-controlling interest was $20.7 million against $114.4 million reported last year. Non-GAAP operating income was $116.1 million against $162.3 million reported last year. Non-GAAP net income attributable to company of $110.4 million or $1.04 per diluted share against $157.0 million or $1.53 per diluted share reported last year. Non-GAAP EBITDA was $201.2 million against $226.3 million reported last year. The company indicated that for the first quarter of fiscal 2016 it currently expects revenues in the range of $308 to $328 million, non-GAAP gross margin of approximately 30.5%, non-GAAP operating margin of approximately 8.8% to 9.8%, and non-GAAP earnings per diluted share in the range of approximately $0.23 to $0.29. Capital expenditures are expected to be approximately $35 million in the first quarter. Non-GAAP taxes are estimated at approximately 7% in fiscal 2016.

Finisar Corp. to Report Q4, 2015 Results on Jun 18, 2015

Finisar Corp. announced that they will report Q4, 2015 results at 5:00 PM, US Eastern Standard Time on Jun 18, 2015

Finisar Corp., Q4 2015 Earnings Call, Jun 18, 2015

Finisar Corp., Q4 2015 Earnings Call, Jun 18, 2015

Finisar Introduces SFP28 and QSFP28 Optical Modules for High Port-Count 25G and 100G Data Center Applications

Finisar introduced multiple new products, including a variety of optical modules based on the 100G QSFP28 MSA form factor, as well as the 25G Ethernet SFP28-SR transceiver, based on the SFP+ form-factor. The optical modules are designed for 100G Ethernet applications within the data center. The product portfolio includes 100G-CWDM4 module, the first 100GBASE-LR4 module under 3.5W, and a 100GBASE-SR4 module breaking-out to four SFP28-SR modules. Finisar is demonstrating new products which enable the implementation of various reaches in the QSFP28 MSA form factor in high port-count 100G systems for data centers. Targeting duplex single mode fiber applications, a new 100GBASE-LR4 QSFP28 optical transceiver module will be demonstrated on a 10 km 100G link, interoperating error-free with a CFP2 LR4 transceiver. By using a new generation of low-power DFB laser technology, the module supports a maximum power dissipation of 3.5W, enabling up to 4 Tb/s in a 1RU Ethernet Switch or Router card. It provides a retimed 4x25G electrical interface to the host board, meets IEEE 802.3 standards, and interoperates with existing 100GBASE-LR4 CFP, CFP2 and CFP4 modules. Additionally, Finisar will demonstrate the QSFP28 CWDM4 module, operating error-free over a single mode fiber link of 2 km. Using Finisar's new generation, low-power DFB laser technology, the module also supports a maximum power dissipation of 3.5W. The module meets the CWDM4 MSA optical requirements. Both of the QSFP28 CWDM4 and LR4 modules will be sampling over the next several weeks.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
FNSR:US $17.41 USD -0.06

FNSR Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Anritsu Corp ¥888.00 JPY +72.00
Furukawa Co Ltd ¥242.00 JPY +7.00
Mellanox Technologies Ltd $42.05 USD -1.52
NETGEAR Inc $33.49 USD -0.03
Plantronics Inc $58.08 USD +0.52
View Industry Companies
 

Industry Analysis

FNSR

Industry Average

Valuation FNSR Industry Range
Price/Earnings 100.0x
Price/Sales 1.5x
Price/Book 1.6x
Price/Cash Flow 88.2x
TEV/Sales 0.9x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact FINISAR CORPORATION, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.