Finisar Falling Ahead of Earnings

Finisar Corp.

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. Other stock that could see activity in the wake of FNSR earnings release this afternoon include Oclaro

and Oplink Communications

. 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).