Finisar Falling Ahead of Earnings
Finisar Corp. (NASDAQ: FNSR) is set to release its quarterly earnings results after the closing bell on Monday. Ahead of this report, investors are selling the stock. At last check, FNSR had lost a little less than 4% and was trading at $14.33.
Heading into the print, Wall Street analysts have consensus EPS estimates of $0.21 versus the $0.33 the company reported in the year ago period. The high estimate is $0.22 with a low estimate of $0.19.
Revenues are expected to be $242.62 million versus the $236.95 million the company reported last year. This represents sales growth of 2.40% year over year. The high revenue estimate is $245.40 million with a low estimate of $236.50 million.
Over the last 3 months, EPS estimates for FNSR have fallen from $0.22 to the current estimate of $0.21. During this time period, the stock has shed 24.51%. Over the last 52-weeks, FNSR has traded in a range between $12.26 and $23.50.
Finisar Corporation (Finisar) is a provider of optical subsystems and components that interconnect equipment in short-distance local area networks (LANs), storage area networks (SANs), longer distance metropolitan area networks (MANs), fiber-to-the-home networks (FTTx), cable television networks (CATV) and wide area networks (WANs).
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