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.
Adequate balance sheet with reasonable growth potential.
Share Price & News
How has Finisar's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: FNSR has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: FNSR exceeded the US Communications industry which returned 6.7% over the past year.
Return vs Market: FNSR exceeded the US Market which returned 24.7% over the past year.
Price Volatility Vs. Market
How volatile is Finisar's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 year ago | Simply Wall StBefore You Buy Finisar Corporation's (NASDAQ:FNSR), Consider This
2 years ago | Simply Wall StWhy Finisar Corporation (NASDAQ:FNSR) Could Be A Buy
2 years ago | Simply Wall StWas Finisar Corporation's (NASDAQ:FNSR) Earnings Growth Better Than The Industry's?
Is Finisar undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate FNSR's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate FNSR's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: FNSR is unprofitable, so we can't compare its PE Ratio to the Communications industry average.
PE vs Market: FNSR is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate FNSR's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: FNSR is good value based on its PB Ratio (1.8x) compared to the US Communications industry average (1.9x).
How is Finisar forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FNSR is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.7%).
Earnings vs Market: FNSR is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: FNSR's is expected to become profitable in the next 3 years.
Revenue vs Market: FNSR's revenue (8.9% per year) is forecast to grow faster than the US market (7.5% per year).
High Growth Revenue: FNSR's revenue (8.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: FNSR's Return on Equity is forecast to be low in 3 years time (7.7%).
How has Finisar performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FNSR is currently unprofitable.
Growing Profit Margin: FNSR is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: FNSR is unprofitable, and losses have increased over the past 5 years at a rate of -21.6% per year.
Accelerating Growth: Unable to compare FNSR's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: FNSR is unprofitable, making it difficult to compare its past year earnings growth to the Communications industry (12.6%).
Return on Equity
High ROE: FNSR has a negative Return on Equity (-2.69%), as it is currently unprofitable.
How is Finisar's financial position?
Financial Position Analysis
Short Term Liabilities: FNSR's short term assets ($1.5B) exceed its short term liabilities ($219.1M).
Long Term Liabilities: FNSR's short term assets ($1.5B) exceed its long term liabilities ($561.7M).
Debt to Equity History and Analysis
Debt Level: FNSR's debt to equity ratio (32%) is considered satisfactory.
Reducing Debt: FNSR's debt to equity ratio has increased from 24.3% to 32% over the past 5 years.
Inventory Level: FNSR has a high level of physical assets or inventory.
Debt Coverage by Assets: FNSR's debt is covered by short term assets (assets are 2.9x debt).
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: FNSR has been profitable on average in the past, therefore cash runway is not a concern.
Forecast Cash Runway: FNSR has been profitable on average in the past, therefore cash runway is not a concern.
What is Finisar's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate FNSR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate FNSR's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if FNSR's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if FNSR's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of FNSR's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Joe Young (62yo)
Mr. Joseph A. Young, also known as Joe, has been Interim Chief Executive at Finisar Corporation since August 3, 2019. Mr. Young has been an Executive Vice President of Global Operations at Finisar Corporat ...
CEO Compensation Analysis
Compensation vs Market: Joe's total compensation ($USD2.18M) is below average for companies of similar size in the US market ($USD4.99M).
Compensation vs Earnings: Joe's compensation has increased whilst the company is unprofitable.
|Executive VP of Global Operations & Interim Chief Executive||0.083yr||US$2.18m||0.11% $3.0m|
|COO & Interim Chief Executive||0.083yr||US$2.18m||0.11% $3.2m|
|Co-Founder & Director||30.5yrs||US$304.77k||0.35% $9.9m|
|Executive VP of Finance & CFO||9.5yrs||US$2.03m||0.11% $3.2m|
|Executive Vice President of Datacom R&D||3.92yrs||US$1.68m||0.018% $504.8k|
|Chief Technical Officer||no data||no data||no data|
|Chief Counsel||8.67yrs||US$1.24m||0.053% $1.5m|
|Director of Corporate Communications||no data||no data||no data|
|Senior Vice President of Worldwide Sales||no data||no data||no data|
|Senior VP of Operations & Engineering and GM||11.08yrs||US$1.00m||no data|
Experienced Management: FNSR's management team is seasoned and experienced (6.3 years average tenure).
|Co-Founder & Director||30.5yrs||US$304.77k||0.35% $9.9m|
|Independent Director||20.08yrs||US$327.98k||0.027% $782.5k|
|Chairman of the Board||1.67yrs||US$310.98k||0.040% $1.1m|
Experienced Board: FNSR's board of directors are considered experienced (9.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.9%.
Finisar Corporation's company bio, employee growth, exchange listings and data sources
- Name: Finisar Corporation
- Ticker: FNSR
- Exchange: NasdaqGS
- Founded: 1987
- Industry: Communications Equipment
- Sector: Tech
- Market Cap: US$2.855b
- Shares outstanding: 120.11m
- Website: https://www.finisar.com
Number of Employees
- Finisar Corporation
- 1389 Moffett Park Drive
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|FNSR||NasdaqGS (Nasdaq Global Select)||Yes||Common Stock||US||USD||Nov 1999|
|FISN||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Nov 1999|
|FISN||XTRA (XETRA Trading Platform)||Yes||Common Stock||DE||EUR||Nov 1999|
|0IM7||LSE (London Stock Exchange)||Yes||Common Stock||GB||USD||Nov 1999|
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. It also offers wavelength selective switches that are used to switch network traffic from one optical fiber to various other fibers without converting to an electronic signal. In addition, the company provides packaged lasers and photodetectors for data communication and telecommunication applications; and passive optical components for telecommunication applications. It markets its products through direct sales force, as well as distributors, manufacturers’ representatives and resellers, and system integrators; and to the manufacturers of storage systems and telecommunication equipment, as well as to their contract manufacturers. Finisar Corporation was founded in 1987 and is headquartered in Sunnyvale, California.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2019/09/24 23:36|
|End of Day Share Price||2019/09/23 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.