Finisar Shares Popped: What You Need to Know

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Optical network equipment maker Finisar (Nasdaq: FNSR  ) shares jumped 17% after the company reported earnings that beat estimates.

So what: Revenue took a big step forward, increasing 65% to $240.9 million as demand for LAN/SAN and metro/telecom products was strong. Adjusted earnings of $0.44 easily cruised past Wall Street's expectation of $0.38.

Now what: This is a huge turnaround from a loss of $0.49 per share a year ago, and it looks like the future will be even brighter. Management expects earnings of $0.45-$0.47 per share in the fiscal third quarter, crushing Wall Street estimates of $0.41. Analysts look to be behind the growth story, one of my favorite buy signs, and I think this stock has room to move higher considering the growth and profitability we saw this quarter.

Interested in more info on Finisar? Add it to your watchlist.

Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.


Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

DocumentId: 1387370, ~/Articles/ArticleHandler.aspx, 4/24/2014 2:10:24 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 4 hours ago Sponsored by:
DOW 16,501.65 -12.72 -0.08%
S&P 500 1,875.39 -4.16 -0.22%
NASD 4,126.97 0.00 0.00%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

4/23/2014 3:59 PM
FNSR $28.06 Down -0.23 -0.81%
Finisar Corp CAPS Rating: ***

Advertisement