Finisar Announces Fiscal 2018 Financial Results
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June 18, 2018 8:52 AM EDT
William Blair reiterated an Outperform rating on Finisar (NASDAQ: FNSR) following the company's 4Q release. The quarter unfolded largely in line with expectations, with the exception of gross margin, which after further inspection was affected by 3-D sensing fab underabsorption and inventory write-downs from ongoing strategic... More
June 15, 2018 8:22 AM EDT
Needham & Company reiterated a Hold rating on Finisar (NASDAQ: FNSR) following the company's 4Q earnings report. Revenues were roughly in line, GMs light and OPEX a bit light. The $0.05 EPS primarily reflects the GM hit on costs for the Sherman ramp and the... More
June 15, 2018 7:04 AM EDT
MKM Partners reiterated a Buy rating and $22.00 price target on Finisar (NASDAQ: FNSR) following the company's 4Q earnings report. GMs and EPS came in at 24.7% and $0.05, respectively, versus MKM Partners' 27.5% and $0.12 estimates. Management attributed the GMs miss to under-absorption of 3D VCSEL fixed... More
June 14, 2018 4:02 PM EDT
Finisar (NASDAQ: FNSR) reported Q4 EPS of $0.05, $0.07 worse than the analyst estimate of $0.12. Revenue for the quarter came in at $310 million versus the consensus estimate of $310.03 million.
GUIDANCE:
Finisar sees Q1 2019 EPS of $0.10-$0.16, versus the consensus of $0.15. Finisar sees Q1... More
