Finisar (FNSR) Scheduled to Post Earnings on Thursday
Finisar (NASDAQ:FNSR) will be releasing its Q115 earnings data on Thursday, September 4th. Analysts expect Finisar to post earnings of $0.32 per share and revenue of $320.70 million for the quarter. Finisar has set its Q1 guidance at $0.30-0.34 EPS.Individual that are interested in registering for the company’s earnings conference call can do so using this link.
Finisar (NASDAQ:FNSR) last released its earnings data on Thursday, June 12th. The company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by $0.02. The company had revenue of $306.03 million for the quarter, compared to the consensus estimate of $303.92 million. During the same quarter in the previous year, the company posted $0.20 earnings per share. The company’s revenue for the quarter was up 25.7% on a year-over-year basis. On average, analysts expect Finisar to post $1.42 EPS for the current fiscal year and $1.77 EPS for the next fiscal year.
Finisar (NASDAQ:FNSR) opened at 18.94 on Wednesday. Finisar has a one year low of $18.90 and a one year high of $28.85. The stock’s 50-day moving average is $19. and its 200-day moving average is $22.90. The company has a market cap of $1.843 billion and a price-to-earnings ratio of 18.56.
A number of research firms have recently commented on FNSR. Analysts at Jefferies Group downgraded shares of Finisar from a “buy” rating to a “hold” rating in a research note on Tuesday. They now have a $19.00 price target on the stock, down previously from $25.00. On a related note, analysts at RBC Capital reiterated an “outperform” rating on shares of Finisar in a research note on Tuesday, August 19th. They now have a $21.00 price target on the stock, down previously from $23.00. Finally, analysts at Zacks upgraded shares of Finisar from an “underperform” rating to a “neutral” rating in a research note on Wednesday, August 13th. They now have a $20.50 price target on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, five have issued a buy rating and two have issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $26.38.
Finisar Corporation (NASDAQ:FNSR) is a provider of optical subsystems and components that are used in data communication and telecommunication applications.