|Bid||16.52 x 100|
|Ask||17.50 x 5500|
|Day's range||16.88 - 17.45|
|52-week range||14.25 - 28.84|
|PE ratio (TTM)||N/A|
|Earnings date||5 Sep 2018 - 10 Sep 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||21.09|
MARKET PULSE Optical stocks were hit Friday after President Donald Trump said he was prepared to "go to 500" in a tariff battle with China, referring to the idea that the U.S. may levy tariffs on $505 billion in Chinese products, or the whole import balance from last year.
For example, Apple’s (AAPL) iPhone X has a front-facing camera that lets it measure the contours of your face, in order to recognize you and unlock the phone. Key suppliers for the technology are Lumentum Holdings (LITE) and Finisar (FNSR). "WIN expects VCSEL sales in CY2H18 to be less than previously expected,” writes Alex Henderson of Needham & Co., who follows shares of Lumentum, “and up less than 100% year over year.” He was referring to “vertical cavity surface emitting lasers,” the light source used in the iPhone X’s front-facing camera that does the Face ID.
Finisar (FNSR) plans to increase its VCSEL production capacity significantly in the new facility. Its production is expected to commence by the end of this year with 200 employees already on board.
MARKET PULSE Shares of optoelectronics company Lumentum Holdings Inc. (lite) are up nearly 4% in premarket trading after Goldman Sachs analyst Rod Hall upgraded the stock to buy from neutral. "We note that Lumentum's 3D sensing business is robust and gaining pace and the Lasers business is seeing strong demand," Hall wrote.
Shares of Finisar Corp. are down 2.4% in premarket trading Friday after the optoelectronics company reported in-line revenue and weaker-than-expected earnings for its April-ended quarter. Jefferies analyst George Notter reiterated his buy rating and $24 price target after the results came out, writing that he believes Wall Street is too pessimistic about the stock. Notter sees recovery potential in the 3D-sensing and optical markets, and he thinks the company could benefit from strategic changes that management hinted at during the latest earnings call.
This afternoon’s earnings reports bring nice results for fiber-optic component supplier Finisar (FNSR) and contract electronics manufacturer Jabil (JBL), but a bit of disappointment for investors in software powerhouse Adobe Systems (ADBE). Finisar rises despite ‘disappointment' Finisar stock is up 23 cents, or 1.3%, at $17.93, in late trading, after the company missed with its profit for the April-ending fiscal Q4, but beat on revenue and forecast this quarter’s revenue just slightly below consensus. CEO Michael Hurlston said the company was “disappointed” with the results, and he pointed in particular to a decline in gross profit margin, to 20.2% from 26.5% in the prior quarter.
SUNNYVALE, Calif. (AP) _ Finisar Corp. (FNSR) on Thursday reported a fiscal fourth-quarter loss of $18.3 million, after reporting a profit in the same period a year earlier. The results missed Wall Street expectations. For the current quarter ending in August, Finisar expects its per-share earnings to range from 10 cents to 16 cents.
Finisar Corporation (NASDAQ:FNSR) is currently trading at a trailing P/E of 19.6x, which is lower than the industry average of 29.7x. While this makes FNSR appear like a great stockRead More...
The issues weighing on fiber optic networking stocks are many and varied, but they all seem to be of the short-lived variety.
Shares in optical-component makers climbed Friday amid a report the Trump administration has hammered out a deal with China to lift sanctions barring U.S. companies from selling devices to the telecom gear maker ZTE.
NEW YORK (AP) — The stocks of a slew of technology companies jumped Monday after President Donald Trump appeared to lobby on behalf of ZTE, a Chinese telecom company that has been sanctioned by the U.S.
Trump's announcement was a stunning reversal, given Washington's tough stance on Chinese trade practices that have put the world's two largest economies on course for a possible trade war. "Too many jobs in China lost. Commerce Department has been instructed to get it done!" Trump wrote on Twitter on Sunday, adding that he and Chinese President Xi Jinping were working together on a solution for ZTE.
Optical-technology stocks are having a second really bad week after the U.S. Department of Justice opened a criminal investigation into China’s privately held Huawei, which buys parts from the optical companies. While the component maker shares crashed, some analysts see potential benefit for the two optical-systems makers that compete most closely with Huawei, Ciena (CIEN) and Infinera (INFN). The Wall Street Journal’s Stu Woo and Aruna Viswanatha relate that multiple unnamed sources say the DoJ is “investigating whether Huawei Technologies Co. violated U.S. sanctions related to Iran.” This is just the latest action against Iran, which has long been blocked from selling telecom equipment to U.S. carriers by the U.S. government.
Shares of Lumentum Holdings Inc. are down 7.2% in Wednesday morning trading after a Wall Street Journal report indicated that the Justice Department is looking into whether Chinese smartphone maker Huawei ...
Jim Cramer flags the warning signs he saw in Acacia Communications, which took a major hit after a recent Commerce Department ruling.
Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Finisar Corporation resulting from allegations that Finisar may have issued materially misleading business information to the investing public.
One hand-picked buyout in an industry craving some sunlight triggered some roller-coaster action among the acquisition target's peers.