Finisar (FNSR) Posts Earnings Results, Beats Estimates By $0.03 EPS
Finisar (NASDAQ:FNSR) announced its quarterly earnings results on Thursday. The technology company reported $0.23 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.03, Bloomberg Earnings reports. Finisar had a return on equity of 13.11% and a net margin of 16.92%. Finisar updated its Q3 guidance to $0.21-0.27 EPS.
Shares of Finisar (NASDAQ FNSR) opened at $18.05 on Friday. The company has a market capitalization of $1,990.76, a PE ratio of 10.47, a price-to-earnings-growth ratio of 1.25 and a beta of 1.14. The company has a debt-to-equity ratio of 0.44, a quick ratio of 6.24 and a current ratio of 7.66. Finisar has a 52-week low of $17.20 and a 52-week high of $36.85.
In other news, Director Roger C. Ferguson sold 2,726 shares of the business’s stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $21.46, for a total value of $58,499.96. Following the completion of the transaction, the director now owns 44,034 shares of the company’s stock, valued at approximately $944,969.64. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Jerry S. Rawls sold 20,000 shares of the business’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $22.89, for a total value of $457,800.00. The disclosure for this sale can be found here. Insiders own 1.02% of the company’s stock.
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Finisar Company Profile
Finisar Corporation (Finisar) is a provider of optical subsystems and components that are used in data communication and telecommunication applications. 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.
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