|Bid||19.66 x 500|
|Ask||19.67 x 100|
|Day's range||19.65 - 20.31|
|52-week range||17.20 - 36.41|
|PE ratio (TTM)||11.35|
|Earnings date||7 Mar 2018 - 12 Mar 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||25.29|
Lumentum plunged nearly 8%, while shares of II-VI slipped nearly 7% and Finisar dropped between 2% and 3%.
One giant customer lifted Applied Optoelectronics in the first half, but even that shining star joined Oclaro and Finisar in gloomy market trends later on.
An analyst says Lumentum Holdings and Finisar are "warming up" to potential acquisitions amid industry consolidation.
Shares of Finisar Corp. fell 3.7% in premarket trading Tuesday after analysts at Goldman Sachs downgraded its stock to sell. The analysts, led by Doug Clark, see a "combination of cyclical risks and ...
Finisar Corp. said late Thursday co-founder and Chief Executive Jerry Rawls has retired, and that Michael Hurlston, a former Broadcom executive, has been appointed CEO and a director, effectively immediately. ...
Finisar Corporation (NASDAQ:FNSR), a global technology leader for subsystems and components for fiber optic communications, today announced the retirement of Chairman and Chief Executive Officer Jerry Rawls and the appointment of Michael Hurlston as Chief Executive Officer and a director of the Company effective today. Mr. Hurlston and Mr. Rawls will work together to ensure a smooth transition. Mr. Rawls will continue to serve as a Director of the Company. The Company’s Lead Director Robert Stephens has been appointed Chairman of the Board of Directors.
China has unveiled a five-year plan for building up its optical components industry, a move that could spell trouble for U.S. suppliers.
Apple (AAPL) has recently advanced $390 million to its chip supplier Finisar to produce vertical-cavity surface-emitting lasers (or VCSELs), which are used in the True Depth facial recognition camera.
Apple is playing a powerful chess match, said Gene Munster, managing partner at Loup Ventures Capital.
Apple's (AAPL) Shazam acquisition, its $390 million advance to Finisar (FNSR) and Western Digital (WDC) making peace with Toshiba were the top news from last week.
Finisar says Apple has not invested in the company and that a $390 million infusion represents projected revenue.
Yesterday’s deal announced by fiber-optic component maker Finisar (FNSR) and Apple (AAPL) to boost manufacturing of “VCSEL” lasers for “3-D sensing” is being slightly mis-understood by investors, writes Alex Henderson, who follows the shares of Finisar and other component vendors of Needham & Co. today. Henderson, who has a Buy rating on Finisar, and a $25 price target, thinks actually the deal is better than people may realize. The mistake is that most characterized the arrangement as Apple “funding” Finisar’s spinning up manufacturing in a faculty in Sherman, Texas.