Equities analysts expect that Finisar Co. (NASDAQ:FNSR) will announce sales of $309.58 million for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Finisar’s earnings, with the lowest sales estimate coming in at $281.30 million and the highest estimate coming in at $332.50 million. Finisar posted sales of $317.34 million during the same quarter last year, which would indicate a negative year over year growth rate of 2.4%. The business is scheduled to issue its next earnings report on Thursday, September 5th.

According to Zacks, analysts expect that Finisar will report full-year sales of $1.33 billion for the current fiscal year, with estimates ranging from $1.26 billion to $1.43 billion. For the next financial year, analysts forecast that the firm will post sales of $1.39 billion, with estimates ranging from $1.31 billion to $1.44 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Finisar.

Finisar (NASDAQ:FNSR) last posted its quarterly earnings results on Thursday, June 13th. The technology company reported $0.19 EPS for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.04. Finisar had a negative net margin of 4.16% and a positive return on equity of 4.22%. The firm had revenue of $310.09 million for the quarter, compared to analysts’ expectations of $323.42 million.

A number of equities research analysts have recently commented on the stock. Zacks Investment Research cut shares of Finisar from a “hold” rating to a “strong sell” rating in a report on Thursday, May 2nd. MKM Partners cut their price target on shares of Finisar to $23.00 and set a “neutral” rating on the stock in a report on Friday, June 14th. BidaskClub cut shares of Finisar from a “buy” rating to a “hold” rating in a report on Tuesday. Stifel Nicolaus set a $23.00 price target on shares of Finisar and gave the company a “hold” rating in a report on Friday, June 14th. Finally, B. Riley restated a “neutral” rating on shares of Finisar in a report on Friday, June 14th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $25.40.

Shares of NASDAQ:FNSR traded up $0.66 during trading on Thursday, reaching $22.96. 2,457,458 shares of the stock traded hands, compared to its average volume of 1,488,014. The firm’s 50-day moving average price is $23.12. Finisar has a 52-week low of $15.81 and a 52-week high of $24.77. The company has a debt-to-equity ratio of 0.32, a quick ratio of 5.72 and a current ratio of 7.12. The company has a market capitalization of $2.65 billion, a PE ratio of 38.92, a P/E/G ratio of 2.60 and a beta of 1.50.

Hedge funds have recently modified their holdings of the stock. Investors Research Corp purchased a new position in shares of Finisar during the 1st quarter worth $37,000. Versant Capital Management Inc boosted its stake in shares of Finisar by 117.2% during the 1st quarter. Versant Capital Management Inc now owns 2,604 shares of the technology company’s stock worth $60,000 after acquiring an additional 1,405 shares during the last quarter. Quantamental Technologies LLC purchased a new position in shares of Finisar during the 2nd quarter worth $227,000. Supplemental Annuity Collective Trust of NJ boosted its stake in shares of Finisar by 10.0% during the 2nd quarter. Supplemental Annuity Collective Trust of NJ now owns 11,000 shares of the technology company’s stock worth $252,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Bank of Montreal Can boosted its stake in shares of Finisar by 519.6% during the 2nd quarter. Bank of Montreal Can now owns 11,637 shares of the technology company’s stock worth $266,000 after acquiring an additional 9,759 shares during the last quarter. Institutional investors own 94.18% of the company’s stock.

About Finisar

Finisar Corporation provides components and subsystems to networking equipment manufacturers, data center operators, telecom service providers, consumer electronics, and automotive companies in the United States, China, Malaysia, and internationally. The company's optical subsystems primarily include transmitters, receivers, transceivers, transponders, and active optical cables, which provide the fundamental optical-electrical or optoelectronic interface for interconnecting the electronic equipment used in wireline networks comprising switches, routers, and servers, as well as wireless networks, such as antennas and base stations.

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Earnings History and Estimates for Finisar (NASDAQ:FNSR)

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