Shares of Finisar Corp. (fnsr) were up 7.7% in after-hours trading Thursday after the optoelectronics company reported better-than-expected July-quarter results and delivered an earnings forecast that exceeded analyst projections. Finisar expects revenue of $315 million to $335 million for its fiscal second quarter, while analysts were expecting $333 million. The company projects adjusted earnings per share of 19 cents to 25 cents, compared with the FactSet consensus of 18 cents.
The ER on Thursday is a no brainer, all optical companies have good ER and don't see any reason why Fnsr will not. Beat or miss, analysts know it s gonna improve because the climate and environment say so. Optical company's business especially the margin is at its best or getting there somehow. We might have seen the bottom last quarter if not , at the worst is this quarter so no matter what, this stock will go up. Then again, I don't care, I'm here to double my investment. I feel very good with this company because it has a catalyst, and it's gonna come or it might already be in the ER results this Friday. Cash is $1.2B and a tiny improvement on VCSEL sales will mean more is coming in December, Glta..
WHEN Fnsr gets the Sherman plant running with approved Apple sensor's does that mean that somebody somewhere is going to lose market share from Fnsr OR does the product Fnsr is peddling to Apple a different product all together?
I know they are working on the 6" wafer that I believe would be exclusive from Fnsr, but is there anything else they would be making to take some market share away from others in the sector?
No comments:
Post a Comment