Finisar Corp Fourth Quarter Earnings Sneak Peek

Finisar Corp (NASDAQ:FNSR) will unveil its latest earnings on Wednesday, June 15, 2011. Finisar Corporation is a provider of optical subsystems and components that connect short-distance local area networks, or LANs, and storage area networks, or SANs, and longer distance metropolitan area networks, or MANs and wide area networks, or WANs.

Finisar Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst is estimating net income of 28 cents per share, a rise of 33.3% from the same quarter a year ago. Estimates range from profit of 28 cents per share to net income of 29 cents per share. The consensus estimate is the same as three months ago.

Past Earnings Performance: The company missed estimates last quarter after beating forecasts in the prior two. In the third quarter of the last fiscal year, the company reported net income of 40 cents per share versus a mean estimate of profit of 34 cents per share. In second quarter, the company beat estimates by 5 cents.

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Wall St. Revenue Expectations: On average, analysts predict $242.9 million in revenue this quarter, a rise of 28.9% from the year ago quarter. Analysts are forecasting total revenue of $954.6 million for the year, from last year’s revenue of $629.9 million.

Analyst Ratings: Analysts are bullish on this stock with six analysts rating it as a buy and none rating it as a sell. While the average rating for the stock remains a moderate buy, the strength of the rating has dwindled over the past three months.

Key Stats:

The company has enjoyed double-digit year-over-year revenue growth for the past four quarters. Over that span, the company has averaged growth of 61.5%, with the biggest boost coming in the second quarter when revenue rose 65.3% from the year earlier quarter.

Competitors to Watch: JDS Uniphase Corporation (NASDAQ:JDSU), Oclaro, Inc. (NASDAQ:OCLR), Oplink Communications, Inc (NASDAQ:OPLK), EMCORE Corporation (NASDAQ:EMKR), Opnext, Inc. (NASDAQ:OPXT), Alliance Fiber Optic Products, Inc. (NASDAQ:AFOP), Cisco Systems, Inc. (NASDAQ:CSCO), and Arris Group, Inc. (NASDAQ:ARRS).

Recent Price Movement: From a month ago, the stock price has dropped $7.68 (-29.3%) from $26.05 on May 11, 2011 to $18.37 on June 9, 2011.

(Sources: YahooFinance and Xignite Financials)

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