Finisar Corp Second Quarter Earnings Sneak Peek

Finisar Corp (NASDAQ:FNSR) will unveil its latest earnings on Wednesday, November 30, 2011. Finisar 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 estimate of analysts is for profit of 18 cents per share, a decline of 53.8% from the company’s actual earnings for the same quarter a year ago. Analysts are projecting profit to rise by 22.1% versus last year to 83 cents.

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Wall St. Revenue Expectations: On average, analysts predict $242.1 million in revenue this quarter, a rise of 0.5% from the year ago quarter. Analysts are forecasting total revenue of $979.5 million for the year, a rise of 3.2% from last year’s revenue of $948.8 million.

Analyst Ratings: Analysts are bullish on this stock with seven analysts rating it as a buy, none rating it as a sell and one rating it as a hold.

A Look Back: In the first quarter, profit fell 47% to $10.1 million (11 cents a share) from $19.1 million (23 cents a share) the year earlier. Revenue rose 9.8% to $228.2 million from $207.9 million.

Key Stats:

Revenue has risen the past four quarters. Revenue rose 25.7% in the fourth quarter of the last fiscal year from the year earlier, climbed 57.6% in the third quarter of the last fiscal year from the year-ago quarter and 65.3% in the second quarter of the last fiscal year.

Competitors to Watch: JDS Uniphase Corporation (NASDAQ:JDSU), Oclaro, Inc. (NASDAQ:OCLR), Oplink Communications, Inc (NASDAQ:OPLK), NeoPhotonics Corp (NPTN), MRV Communications, Inc. (MRVC), 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).

Stock Price Performance: During November 17, 2011 to November 23, 2011, the stock price had dropped $3.30 (-16.4%) from $20.17 to $16.87. The stock price saw one of its best stretches over the last year between January 25, 2011 and February 2, 2011 when shares rose for seven-straight days, rising 14.7% (+$4.42) over that span. It saw one of its worst periods between May 31, 2011 and June 13, 2011 when shares fell for 10-straight days, falling 24.9% (-$5.97) over that span. Shares are down $12.82 (-43.2%) year to date.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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