Stock Update: Finisar Corporation (NASDAQ:FNSR)

[Market Wired] Finisar Corporation (NASDAQ:FNSR) a global technology leader for subsystems and components for fiber optic communications, recently announced financial results for its second quarter of fiscal 2015, ended October 26, 2014. To view the full article click here.

Finisar Corporation (NASDAQ:FNSR), On 12/4/2014, FNSR reported 2 quarter 2015 earnings of $0.23 per share. This result missed the $0.25 consensus expectations of the 15 analysts following the company and missed last year’s 2 quarter results by 46.51%.The next earnings announcement is expected on 03/04/2015.

Insufficient price earnings data. FNSR’s PE ratio is above average for the Communications Equipment industry and signals that investors are willing to pay a premium for this stock.

Finisar Corporation (FNSR)‘s PE ratio is among the lowest of any stock in the Semiconductors industry and signals that investors have not been willing to pay a premium for this company’s business prospects. Additionally, during the past year, earnings growth has outpaced its historical five year growth rate.

In terms of ratings, there are fifteen analysts that cover the stock which have provided Q3 2015 earnings per share estimates. The consensus anticipated number for the upcoming quarter is $0.25. The highest estimate is $0.28 while the lowest is $0.23. The company has a one year EPS growth rate of 1,963.51%.

About Finisar 

Finisar Corporation (NASDAQ:FNSR) is a provider of optical subsystems and components that are used in data communication and telecommunication applications. The Company’s optical subsystems consist primarily of transmitters, receivers, transceivers, transponders and active optical cables that provide the fundamental optical-electrical, or optoelectronic, interface for interconnecting the electronic equipment used in building communication networks, including the switches, routers and servers used in wireline networks as well as the antennas and base stations for wireless networks. The Company supplies optical transceivers and transponders that allow point-to-point communications on a fiber using a single specified wavelength that, bundled with multiplexing technologies, can be used to supply multi- gigabytes per second bandwidth over several wavelengths on the same fiber.